FTSE 100 movers: Tui tumbles and Coca-Cola loses its fizz
By Michele Maatouk
Date: Tuesday 21 May 2019
(Sharecast News) - London's FTSE 100 was down 0.7% at 7,299.01 in afternoon trade on Monday, with housebuilders proving a drag.
Tui was the biggest faller on the top-flight index as small-cap peer Thomas Cook tumbled again after reports over the weekend that one of its payment intermediaries wants to extend the period for which it retains holidaymakers' payments for trips.
Last week, Tui reported a widening of its losses for the first half as it pointed to weak demand in its markets and airlines segment, but reaffirmed its outlook for FY19.
Coca-Cola HBC suffered heavy losses after Coca-Cola announced that it will keep its majority stake in Coca-Cola beverages Africa "for the foreseeable future". The company had previously announced its intention to refranchise the business, which is the largest bottler of Coca-Cola beverages in Africa.
Housebuilders Barratt Developments and Taylor Wimpey retreated as the latest survey from Rightmove highlighted weakness in the London market. According to the survey, house prices rose 0.9% on the month in May compared to a 1.1% increase in April. On the year, prices were 0.1% higher, versus a 0.1% drop the month before.
Rightmove said four out of 11 regions were "bucking the Brexit blues", with Wales, the West and East Midlands and the North West all setting new asking price records for newly-market property.
However, in the capital, just two of the 32 boroughs - Barking and Dagenham and Bexley - saw prices increase.
A trading update from Foxtons added to the downbeat tone as it said revenue in the first quarter declined as Brexit uncertainty continued to dent the London market, which remains "very challenging".
EasyJet flew lower after Ryanair posted a 29% drop in full-year profit due to falling fares and issued a cautious outlook.
There wasn't much going on in terms of the risers, with even the biggest gainer, Next, up just 0.7%.
FTSE 100 - Risers
Next (NXT) 5,820.00p 0.69%
Evraz (EVR) 572.60p 0.63%
DCC (DCC) 7,022.00p 0.49%
Reckitt Benckiser Group (RB.) 6,279.00p 0.38%
Imperial Brands (IMB) 2,168.50p 0.30%
Intertek Group (ITRK) 5,094.00p 0.16%
BP (BP.) 556.40p 0.07%
WPP (WPP) 963.20p 0.04%
National Grid (NG.) 818.30p 0.02%
SEGRO (SGRO) 712.60p 0.00%
FTSE 100 - Fallers
TUI AG Reg Shs (DI) (TUI) 764.00p -7.75%
Coca-Cola HBC AG (CDI) (CCH) 2,701.00p -5.69%
Barratt Developments (BDEV) 589.20p -3.98%
Smith (DS) (SMDS) 316.50p -3.21%
Mondi (MNDI) 1,653.00p -3.02%
Johnson Matthey (JMAT) 3,098.00p -2.94%
Taylor Wimpey (TW.) 172.50p -2.87%
easyJet (EZJ) 995.60p -2.87%
NMC Health (NMC) 2,422.00p -2.85%
Hikma Pharmaceuticals (HIK) 1,690.50p -2.79%
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