Search Share Prices
FTSE 100 movers: Segro rallies on results; Old Mutual gives back gains
London's FTSE 100 was up 0.6% to 7,274.91 in afternoon trade on Friday as the pound lost ground against the dollar after disappointing UK retail sales data.
Warehouse property owner and developer Segro was the standout gainer after taking the wraps off a strong set of results for 2017, with a record level of development completions during the period, almost all of which have been leased.
Results were ahead of consensus forecasts on both net asset value and earnings as the company reported good underlying investment and occupational markets, aided by lots of development activity after the £900m fundraising and debt restructure.
Advertising giant WPP was a high riser amid a recent improvement in the ad market.
"Recent advertising trends have been better than expected across the board," said Goldman Sachs in a note to clients. "We expect 2017 to have ended on a more positive note in most TV markets based on our conversations with industry participants, read-across from recent results and comments from large advertisers.
"We see a slightly more positive outlook for 2018 (1H weighted) helped by easy comps and sports events."
Steel producer Evraz racked up healthy gains as Deutsche Bank initiated coverage of the stock at 'buy' as part of an initiation of the Russian steel sector. It said Evraz was its top pick due to its attractive valuation and highest free cash flow yield.
Going the other way, Old Mutual, which has dual listings on the London Stock Exchange and the Johannesburg Securities Exchange, was giving gave back some of the gains made a day earlier as investors welcomed the resignation of Jacob Zuma as South African president.
Risers
SEGRO (SGRO) 590.60p 6.38%
WPP (WPP) 1,469.00p 4.04%
NMC Health (NMC) 3,396.00p 3.60%
Evraz (EVR) 393.80p 2.69%
Coca-Cola HBC AG (CDI) (CCH) 2,455.00p 2.63%
ITV (ITV) 171.90p 2.32%
Pearson (PSON) 697.60p 2.32%
Severn Trent (SVT) 1,739.50p 2.14%
Reckitt Benckiser Group (RB.) 6,522.00p 1.97%
Vodafone Group (VOD) 203.60p 1.87%
Fallers
Randgold Resources Ltd. (RRS) 6,336.00p -1.68%
Old Mutual (OML) 243.30p -1.38%
Antofagasta (ANTO) 919.80p -1.33%
Rolls-Royce Holdings (RR.) 832.80p -0.88%
Rio Tinto (RIO) 4,094.50p -0.75%
Carnival (CCL) 4,831.00p -0.64%
BHP Billiton (BLT) 1,589.00p -0.56%
Burberry Group (BRBY) 1,547.50p -0.48%
Glencore (GLEN) 386.95p -0.27%
Barclays (BARC) 197.98p -0.26%