FTSE 100 movers: AstraZeneca gets a shot in the arm; Barratt boosted by Bovis

Thu 07 Sep 2017

LONDON (SHARECAST) - (ShareCast News) - London's FTSE 100 was up 0.7% to 7,406.64 in afternoon trade on Thursday.
AstraZeneca rose after putting out a pair of positive respiratory updates from Phase III trials of combined treatment Duaklir and Phase IIb trials of tezepelumab.

Imperial Brands was up after agreeing to sell 13.275m ordinary shares of 20 euro cents each in Compañía De Distribución Integral Logista Holdings on the Madrid Stock Exchange, raising gross proceeds of £230.8m through the placing.

Insurer Direct Line was on the front foot amid news that the government might be backtracking on its changes to the Ogden rate, which was cut to -0.75% from 2.5% in February, forcing most insurers into sizeable write-downs as the new rate meant they had to pay out more to personal injury claimants. The proposed changes would mean a rate of 0% to -1%.

Barratt Developments got a boost from well-received results from FTSE 250 peer Bovis, a day after its own full-year results

Admiral, BHP Billiton and Land Securities retreated as their stock went ex-dividend.

Market Movers

FTSE 100 (UKX) 7,409.36 0.75%
FTSE 250 (MCX) 19,721.80 0.35%
techMARK (TASX) 3,455.18 1.03%

FTSE 100 - Risers

Micro Focus International (MCRO) 2,432.00p 3.80%
AstraZeneca (AZN) 4,746.00p 3.70%
GKN (GKN) 331.20p 3.11%
Shire Plc (SHP) 4,070.50p 2.89%
Imperial Brands (IMB) 3,300.50p 2.82%
Direct Line Insurance Group (DLG) 380.90p 2.50%
Fresnillo (FRES) 1,646.00p 2.36%
British American Tobacco (BATS) 4,905.00p 1.93%
Barratt Developments (BDEV) 606.50p 1.85%
Johnson Matthey (JMAT) 2,884.00p 1.76%

FTSE 100 - Fallers

BHP Billiton (BLT) 1,455.50p -1.95%
Admiral Group (ADM) 1,851.00p -1.28%
Paddy Power Betfair (PPB) 7,155.00p -0.76%
Rolls-Royce Holdings (RR.) 886.00p -0.67%
Standard Chartered (STAN) 745.70p -0.48%
Coca-Cola HBC AG (CDI) (CCH) 2,623.00p -0.46%
Land Securities Group (LAND) 1,002.00p -0.40%
Mondi (MNDI) 2,030.00p -0.39%
Royal Mail (RMG) 380.80p -0.39%
Centrica (CNA) 196.10p -0.36%

FTSE 250 - Risers

Bovis Homes Group (BVS) 1,156.00p 9.89%
Nostrum Oil & Gas (NOG) 392.40p 4.64%
Rank Group (RNK) 232.10p 3.80%
Hochschild Mining (HOC) 289.10p 3.73%
Genus (GNS) 1,975.00p 3.29%
IP Group (IPO) 117.50p 3.07%
Indivior (INDV) 301.60p 3.01%
Acacia Mining (ACA) 193.80p 2.92%
Grafton Group Units (GFTU) 808.50p 2.54%
LondonMetric Property (LMP) 169.40p 2.48%

FTSE 250 - Fallers

Go-Ahead Group (GOG) 1,587.00p -9.47%
Ashmore Group (ASHM) 342.20p -6.30%
Vectura Group (VEC) 90.05p -5.21%
Pagegroup (PAGE) 480.80p -4.13%
Sirius Minerals (SXX) 25.29p -2.77%
Phoenix Group Holdings (DI) (PHNX) 739.50p -2.76%
Capita (CPI) 627.00p -2.64%
TalkTalk Telecom Group (TALK) 209.20p -2.61%
Redefine International (RDI) 38.75p -2.22%
FirstGroup (FGP) 113.70p -2.07%
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