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CATEGORY: RISERS AND FALLERS

FTSE 100 movers: Rolls-Royce rallies; Whitbread slumps on rights issue

Thu 21 May 2020

LONDON (SHARECAST) - (Sharecast News) - London's FTSE 100 was up 0.3% at 6,086.90 in afternoon trade on Thursday.
Rolls-Royce was the standout gainer, just days after saying it intends to cut at least 9,000 jobs as part of a plan to save more than 1.3bn a year in response to the "unprecedented" impact of the Covid-19 crisis on the aviation industry.

Intertek gained as the inspection and product testing company said it would pay its final dividend and reported a 4.6% fall in revenue for the first four months of 2020.

AstraZeneca was in the black as the pharmaceuticals giant said it was working on further agreements supported by several parallel supply chains, which would expand capacity in coming months to ensure the delivery of a globally accessible Covid-19 vaccine.

Whitbread was under the cosh after the pub and hotel operator said it was raising 1bn in a rights issue to bolster its balance sheet against the impact of the pandemic as it warned of a potential loss in 2021.

FTSE 100 - Risers

Rolls-Royce Holdings (RR.) 293.40p 7.20%
Intertek Group (ITRK) 5,266.00p 6.64%
Ocado Group (OCDO) 2,091.00p 4.73%
AstraZeneca (AZN) 9,287.00p 4.56%
International Consolidated Airlines Group SA (CDI) (IAG) 206.70p 3.95%
BT Group (BT.A) 114.05p 3.12%
Land Securities Group (LAND) 550.80p 2.57%
Spirax-Sarco Engineering (SPX) 9,758.00p 2.46%
Vodafone Group (VOD) 129.60p 2.31%
Next (NXT) 4,612.00p 2.22%

FTSE 100 - Fallers

Whitbread (WTB) 2,477.00p -12.87%
Standard Chartered (STAN) 394.10p -4.69%
Tesco (TSCO) 227.50p -2.94%
Lloyds Banking Group (LLOY) 29.01p -2.88%
HSBC Holdings (HSBA) 400.90p -2.87%
Meggitt (MGGT) 266.40p -2.81%
Centrica (CNA) 36.62p -2.48%
Fresnillo (FRES) 789.00p -2.23%
Legal & General Group (LGEN) 188.85p -2.15%
Morrison (Wm) Supermarkets (MRW) 181.90p -1.89%
 
Archived Stories

28 May FTSE 250 movers: Cineworld surges; Signature Aviation hit by downgrade
28 May FTSE 100 movers: M&G rallies; Rolls-Royce retreats on stake sale
27 May FTSE 250 movers: TUI travels higher again; Marston's fizzes lower
27 May FTSE 100 movers: Travel stocks rally; Pearson hit by downgrade
26 May FTSE 250 movers: TUI surges; Marston's gives back some gains



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