News

CATEGORY: RISERS AND FALLERS

FTSE 100 movers: Intertek rallies; Entain and Flutter slide

Wed 24 Nov 2021

LONDON (SHARECAST) - (Sharecast News) - London's FTSE 100 was up 0.1% at 7,273.99 in afternoon trade on Wednesday.
Intertek was the top performer after saying it was on track for solid annual growth as the product testing company reported revenue up 6.7% in the most recent four-month period.

Excluding currency movements, revenue rose to 961.5m from 941m in the four months to the end of October, helped by acquisitions. Including currency swings revenue rose 2.2% and like-for-like revenue was up 0.5%. At constant currency, like-for-like revenue rose 5%.

Landsec was a high riser following a report it is in talks with Lendlease about the acquisition of a 25% stake in the Bluewater Shopping Centre in Kent in a 200m deal. According to Property Week, a deal would see Landsec take majority control of the Dartford shopping mall, lifting its stake to 55%. It cited sources as saying that the two parties are close to agreeing a deal.

Shares of Entain and Flutter slumped after more than 160 UK parliamentarians called for online betting limits to protect children from gambling.

In a letter to the Telegraph, a group of MPs and peers, including former Tory leader Iain Duncan Smith, called for "bold" government action to curb gambling including limiting online bets to 2.

Chemicals company Johnson Matthey fell after it said it had sold its advanced glass technologies business to Fenzi Holdings for 178m as it reported a half-year loss and announced a 200m share buyback.

FTSE 100 - Risers

Intertek Group (ITRK) 5,452.00p 5.66%
Persimmon (PSN) 2,818.00p 1.62%
Rio Tinto (RIO) 4,746.00p 1.62%
Taylor Wimpey (TW.) 160.15p 1.49%
BHP Group (BHP) 2,030.00p 1.45%
British Land Company (BLND) 531.60p 1.41%
Land Securities Group (LAND) 749.60p 1.24%
Vodafone Group (VOD) 117.42p 1.24%
Schroders (SDR) 3,604.00p 1.09%
SEGRO (SGRO) 1,373.50p 1.07%

FTSE 100 - Fallers

Entain (ENT) 1,803.00p -4.35%
Aveva Group (AVV) 3,216.00p -4.26%
Darktrace (DARK) 478.80p -4.01%
Flutter Entertainment (CDI) (FLTR) 10,730.00p -2.81%
JD Sports Fashion (JD.) 1,128.50p -2.51%
Polymetal International (POLY) 1,334.50p -2.16%
Melrose Industries (MRO) 158.15p -2.07%
Rolls-Royce Holdings (RR.) 133.08p -2.05%
Sage Group (SGE) 768.00p -1.94%
Johnson Matthey (JMAT) 2,141.00p -1.88%
 
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