News

CATEGORY: RISERS AND FALLERS

FTSE 100 movers: Banks rally on Barclays results; IHG declines

Fri 23 Oct 2020

LONDON (SHARECAST) - (Sharecast News) - London's FTSE 100 was up 1.5% at 5,870.99 in afternoon trade on Friday.
Banks were the standout gainers after Barclays reported better-than-expected third-quarter profits on the back of a strong performance from its consumer businesses as bad loan provisions fell sharply from the previous three months.

The bank posted a pre-tax profit 1.1bn for the three months to September, compared with 200m a year ago and double analysts' forecasts.

Barclays was sitting pretty at the top of the index, with Lloyds, Standard Chartered, HSBC and NatWest also higher.

On the downside, InterContinental Hotels fell even as it posted an improvement in third-quarter trading with the decline in revenue slowing compared with the prior three months.

The company, which also owns the Holiday Inn chain, said comparable revenue per available room (RevPAR) fell 53% for the third quarter, an improvement on the 75% decline in the prior quarter.

London Stock Exchange was weaker as it reported a 2% increase in third-quarter total income to 600m and said its performance has been "resilient" despite "challenging market conditions".

FTSE 100 - Risers

Barclays (BARC) 112.34p 7.73%
Lloyds Banking Group (LLOY) 29.39p 5.28%
Standard Chartered (STAN) 402.00p 4.88%
HSBC Holdings (HSBA) 321.40p 4.71%
Rolls-Royce Holdings (RR.) 237.00p 4.45%
NATWEST GROUP PLC ORD 100P (NWG) 123.80p 3.99%
Melrose Industries (MRO) 133.50p 3.81%
BAE Systems (BA.) 458.60p 3.69%
British Land Company (BLND) 378.80p 3.55%
Royal Dutch Shell 'B' (RDSB) 945.50p 3.38%

FTSE 100 - Fallers

InterContinental Hotels Group (IHG) 4,168.00p -2.23%
Pearson (PSON) 510.20p -2.07%
Just Eat Takeaway.Com N.V. (CDI) (JET) 9,226.00p -1.05%
London Stock Exchange Group (LSE) 8,428.00p -1.03%
Hikma Pharmaceuticals (HIK) 2,564.00p -0.50%
Sage Group (SGE) 696.20p -0.34%
Fresnillo (FRES) 1,227.50p -0.08%
Unilever (ULVR) 4,718.00p -0.06%
Relx plc (REL) 1,637.50p 0.06%
DCC (DCC) 5,010.00p 0.08%
 
Archived Stories

26 Nov FTSE 250 movers: Virgin Money slumps again; gold miners shine
26 Nov FTSE 100 movers: Persimmon goes ex-dividend; Polymetal shines
25 Nov FTSE 250 movers: Genus gains after update; Future slumps
25 Nov FTSE 100 movers: Banks under the cosh; Melrose rallies
24 Nov FTSE 250 movers: Travel & leisure stocks gain; AO World slides



www.bolsamania.com www.sharecast.com http://www.proshareclubs.co.uk/ www.digitallook.com