FTSE 100 movers: Phoenix Group boosted by upgrade; Aviva slumps
By Michele Maatouk
Date: Monday 16 May 2022
(Sharecast News) - London's FTSE 100 was up 0.3% at 7,442.61 in afternoon trade on Monday.
Phoenix Group was boosted by a rating upgrade at Goldman Sachs.
Aviva slumped due to a share consolidation and after a downgrade to 'neutral' by Goldman Sachs.
Rolls-Royce was in the red as JPMorgan reiterated its 'underweight' rating on the engine maker. It said the company's capital markets day only focused on the civil aero division. "We have concerns on the strategy RR is pursuing via its 'New Markets' division," JPM said.
"Due to higher customer advances in the EV our sum-of-the-parts-based Dec-23 price target drops to 70p from 75p."
FTSE 100 - Risers
Fresnillo (FRES) 750.20p 3.70%
Glencore (GLEN) 475.25p 3.01%
Phoenix Group Holdings (PHNX) 633.60p 2.72%
Informa (INF) 552.60p 2.14%
Antofagasta (ANTO) 1,377.00p 2.11%
Sainsbury (J) (SBRY) 243.80p 2.09%
Prudential (PRU) 980.00p 2.08%
Anglo American (AAL) 3,373.00p 2.07%
Tesco (TSCO) 286.30p 1.81%
BAE Systems (BA.) 754.40p 1.78%
FTSE 100 - Fallers
Aviva (AV.) 389.30p -27.52%
Smith (DS) (SMDS) 303.70p -3.46%
Scottish Mortgage Inv Trust (SMT) 778.20p -3.43%
Rolls-Royce Holdings (RR.) 81.37p -2.96%
Smurfit Kappa Group (CDI) (SKG) 3,113.00p -2.84%
RS Group (RS1) 898.00p -2.60%
Ashtead Group (AHT) 3,870.00p -2.49%
CRH (CDI) (CRH) 3,120.00p -2.47%
Spirax-Sarco Engineering (SPX) 10,950.00p -2.10%
Halma (HLMA) 2,175.00p -1.94%
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