FTSE 100 movers: Ex-divs weigh; Spirax-Sarco bounces back

Thu 13 Aug 2020

LONDON (SHARECAST) - (Sharecast News) - London's FTSE was down 1.3% at 6,198.71 in afternoon trade on Thursday.
ITV was under pressure, with traders pointing to the fact the broadcaster is being deleted from the MSCI large cap index.

Ex-dividends accounted for most of the fallers, with Phoenix Group, Legal & General, Shell, Smurfit Kappa and BP all in the frame.

Bucking the trend, Spirax-Sarco Engineering was the standout gainer, having fallen on Wednesday on the back of its first-half results as it said it now anticipates a lower rate of economic activity in the fourth quarter and that organic revenue growth in H2 will be lower than it expected in May.

Housebuilder Persimmon was also on the rise, along with Paddy Power owner Flutter Entertainment.

FTSE 100 - Risers

Spirax-Sarco Engineering (SPX) 11,090.00p 3.07%
Persimmon (PSN) 2,526.00p 2.47%
Flutter Entertainment (FLTR) 12,200.00p 1.75%
Vodafone Group (VOD) 121.52p 1.44%
M&G (MNG) 184.05p 1.38%
InterContinental Hotels Group (IHG) 4,236.00p 1.32%
Ocado Group (OCDO) 2,325.00p 1.09%
Whitbread (WTB) 2,542.00p 0.83%
Bunzl (BNZL) 2,439.00p 0.83%
Land Securities Group (LAND) 578.80p 0.77%

FTSE 100 - Fallers

ITV (ITV) 62.80p -4.88%
Phoenix Group Holdings (PHNX) 696.00p -3.66%
Pennon Group (PNN) 1,062.50p -3.41%
Legal & General Group (LGEN) 230.00p -3.21%
Royal Dutch Shell 'A' (RDSA) 1,213.20p -3.12%
Smurfit Kappa Group (SKG) 2,700.00p -3.02%
Standard Chartered (STAN) 427.40p -3.01%
Royal Dutch Shell 'B' (RDSB) 1,171.20p -2.94%
BP (BP.) 303.05p -2.91%
Hikma Pharmaceuticals (HIK) 2,278.00p -2.69%
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