FTSE 100 movers: BAE rallies on defence spending news; Sage slumps

Fri 20 Nov 2020

LONDON (SHARECAST) - (Sharecast News) - London's FTSE 100 was up 0.3% at 6,354.44 in afternoon trade on Friday.
Miners Antofagasta and Glencore were both higher as copper prices rose.

BAE Systems rallied, boosted by news of a 16.5bn increase in defence spending.

Pearson was on the up after FIL lifted its stake in the education publisher, while Intertek was a high riser after an initiation at 'buy' by Stifel.

Hargreaves Lansdown was also in the black after Barclays said in a note that it was one of its favoured names in the investment platform sector.

Accounting software firm Sage slumped even after it lifted its dividend as it reported an 8.5% rise in organic recurring revenue rose to 1.6bn, driven by growth from existing and new customers, principally in North America and Northern Europe. Micro Focus also lost ground.

Smurfit Kappa was in the red after raising €660m in a share placing to accelerate its investments and capitalise on the trends towards e-commerce and sustainable packaging for products. The company said it had identified between €1.2-1.4bn of investment opportunities to boost the group's competitive advantage.

Speciality chemicals company Johnson Matthey was weaker after a downgrade to 'reduce' at AlphaValue.

FTSE 100 - Risers

Antofagasta (ANTO) 1,133.50p 3.33%
Smiths Group (SMIN) 1,570.50p 2.61%
BAE Systems (BA.) 521.00p 2.60%
Glencore (GLEN) 194.88p 2.33%
Pearson (PSON) 652.60p 2.13%
JD Sports Fashion (JD.) 818.60p 2.12%
Intertek Group (ITRK) 6,156.00p 2.06%
Hargreaves Lansdown (HL.) 1,498.00p 2.01%
Bunzl (BNZL) 2,427.00p 1.97%
Royal Dutch Shell 'A' (RDSA) 1,247.80p 1.78%

FTSE 100 - Fallers

Sage Group (SGE) 588.40p -13.45%
Smurfit Kappa Group (SKG) 3,124.00p -3.04%
Intermediate Capital Group (ICP) 1,673.00p -2.73%
Johnson Matthey (JMAT) 2,344.00p -2.66%
BT Group (BT.A) 124.65p -2.62%
Halma (HLMA) 2,383.00p -1.65%
British Land Company (BLND) 472.30p -1.62%
Kingfisher (KGF) 286.90p -1.51%
Imperial Brands (IMB) 1,482.50p -1.50%
Tesco (TSCO) 232.60p -1.48%
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