FTSE 100 movers: LSE gains as it names new CFO; Rigntmove hit by downgrade
By Michele Maatouk
Date: Thursday 25 Jun 2020
(Sharecast News) - London's FTSE 100 was up 0.1% at 6,129.49 in afternoon trade on Thursday.
Investment platform Hargreaves Lansdown was the standout gainer on the index.
London Stock Exchange was a high riser as it appointed Anna Manz - currently chief financial officer of Johnson Matthey - as its new CFO with effect from 21 November.
Manz succeeds David Warren, who announced in October last year that he was planning to retire and to step down from the board by the end of 2020. He will remain with the group until his retirement date of 24 June to ensure "a seamless transition".
Distribution and outsourcing group Bunzl was up as Berenberg lifted its price target on the stock to 2,250p from 1,550p to reflect upgraded estimates.
"Bunzl is rarely exciting, but it is almost always resilient," Berenberg said. "It seems this resilience was once again in evidence through H1, as last week's trading statement confirmed."
On the downside, United Utilities was the biggest faller as its stock went ex-dividend.
Rightmove slumped after Berenberg downgraded its rating on shares of the property portal to 'sell' from 'hold' and cut the price target to 385p from 400p as it argued that the current valuation does not reflect the risks.
FTSE 100 - Risers
Hargreaves Lansdown (HL.) 1,668.50p 3.15%
JD Sports Fashion (JD.) 630.00p 2.94%
Schroders (SDR) 2,939.00p 2.69%
Bunzl (BNZL) 2,113.00p 2.47%
Standard Life Aberdeen (SLA) 260.70p 2.36%
London Stock Exchange Group (LSE) 8,142.00p 1.60%
Halma (HLMA) 2,278.00p 1.56%
Pearson (PSON) 566.60p 1.54%
Intermediate Capital Group (ICP) 1,279.00p 1.51%
Smiths Group (SMIN) 1,264.00p 1.49%
FTSE 100 - Fallers
United Utilities Group (UU.) 914.80p -4.23%
Compass Group (CPG) 1,068.00p -4.04%
Rightmove (RMV) 534.40p -3.40%
ITV (ITV) 72.12p -2.80%
Rolls-Royce Holdings (RR.) 291.90p -2.76%
Polymetal International (POLY) 1,546.50p -2.31%
Morrison (Wm) Supermarkets (MRW) 186.70p -2.23%
Fresnillo (FRES) 820.60p -2.03%
Mondi (MNDI) 1,476.50p -1.89%
Smith (DS) (SMDS) 318.00p -1.88%
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN