FTSE 100 movers: Gold miners shine; CRH gives back gains

Tue 29 Aug 2017

LONDON (SHARECAST) - (ShareCast News) - London's FTSE 100 was down 1% to 7,328.80 in afternoon trade on Tuesday as geopolitical tensions sparked a 'risk-off' session.
Precious metals miners Randgold Resources and Fresnillo shone, boosted by a rally in gold prices as North Korea's missile strike over Japan prompted a flight to safe havens.

CRH was in the red despite a positive note from JPMorgan Cazenove, which reiterated its 'overweight' stance on the stock. Last Thursday, shares in the building materials group rallied after it posted 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.

Broadcaster ITV was under the cosh after a revenue warning from German peer ProSiebenSat.1, which cut its third-quarter guidance on Tuesday as it cautioned that ad revenues in German-language markets were set to drop. ProSiebenSat shares were down just over 13%.

Morrisons was weaker as Deutsche Bank reiterated its 'hold' rating on the stock, saying the valuation is full, but lifted its price target to 235p from 225p.


Randgold Resources Ltd. (RRS) 7,935.00p 4.82%
Fresnillo (FRES) 1,628.00p 3.04%
Coca-Cola HBC AG (CDI) (CCH) 2,623.00p 0.88%
SEGRO (SGRO) 529.00p 0.28%
Mediclinic International (MDC) 755.00p 0.27%
Associated British Foods (ABF) 3,191.00p 0.22%
Land Securities Group (LAND) 990.50p 0.20%
Intertek Group (ITRK) 4,958.00p 0.20%
Anglo American (AAL) 1,341.50p 0.15%
Rentokil Initial (RTO) 294.60p 0.07%


ITV (ITV) 154.50p -3.98%
Morrison (Wm) Supermarkets (MRW) 242.60p -3.50%
CRH (CRH) 2,642.00p -2.87%
Smurfit Kappa Group (SKG) 2,285.00p -2.72%
Smiths Group (SMIN) 1,524.00p -2.62%
Standard Life Aberdeen (SLA) 430.30p -2.56%
Barclays (BARC) 189.95p -2.24%
Standard Chartered (STAN) 760.60p -2.12%
Next (NXT) 4,056.00p -2.10%
Lloyds Banking Group (LLOY) 63.55p -2.10%
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