FTSE 100 movers: CRH rallies on results; easyJet flies lower

Thu 24 Aug 2017

LONDON (SHARECAST) - (ShareCast News) - London's FTSE 100 was up 0.4% to 7,413.51 in afternoon trade on Thursday as investors ignored confirmation of sluggish second-quarter UK growth and some dire retail sales data.
Subprime lender Provident Financial was recouping some of its losses from earlier in the week when it tanked 66% on the back of a quadruple whammy of bad news that included a profit warning.

Building materials group CRH rallied after posting a 27% jump in first-half pre-tax profit as it announced an agreement to sell its Americas distribution division to Beacon Roofing Supply for $2.63bn in cash.

In the six months to the end of June, pre-tax profit rose to €517m from €407m in the first half of 2016, on revenue of €13bn, up 2% from last year. The company said stabilising trends in certain European markets and satisfactory growth in the Americas more than offset reduced activity in Asia due to a challenging market environment in the Philippines.

Advertising giant WPP was also recovering from losses, having fallen sharply on Wednesday after it reported slightly weaker-than-expected top line growth at the half year stage and cut its guidance for full-year like-for like sales on the back of weaker spending by consumer goods firms.

Budget airline easyJet flew lower after a downgrade at Exane BNP Paribas, while Paddy Power was in the red as its stock went ex-dividend.


Provident Financial (PFG) 767.50p 16.11%
CRH (CRH) 2,784.00p 3.49%
British American Tobacco (BATS) 4,843.50p 2.43%
WPP (WPP) 1,451.00p 2.18%
Persimmon (PSN) 2,635.00p 2.13%
BAE Systems (BA.) 603.00p 1.86%
Imperial Brands (IMB) 3,252.00p 1.69%
Old Mutual (OML) 209.10p 1.55%
Taylor Wimpey (TW.) 197.30p 1.54%
Mediclinic International (MDC) 746.50p 1.43%


easyJet (EZJ) 1,225.00p -3.54%
Marks & Spencer Group (MKS) 317.50p -1.58%
Paddy Power Betfair (PPB) 6,930.00p -1.00%
Whitbread (WTB) 3,768.00p -0.87%
TUI AG Reg Shs (DI) (TUI) 1,319.00p -0.83%
Babcock International Group (BAB) 810.00p -0.74%
G4S (GFS) 292.10p -0.65%
Shire Plc (SHP) 3,722.00p -0.51%
Smiths Group (SMIN) 1,559.00p -0.45%
Merlin Entertainments (MERL) 458.60p -0.39%
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