FTSE 100 movers: Endeavour Mining rallies; Ocado in the red
By Michele Maatouk
Date: Thursday 05 May 2022
(Sharecast News) - London's FTSE 100 was up 1.1% at 7,571.91 in afternoon trade on Thursday, while sterling slid after the Bank of England hiked rates to the highest level in 13 years.
Endeavour Mining surged as it reported a strong start to the year and said both production and all-in sustaining costs were well positioned to meet full-year guidance.
Paper and packaging group Mondi also rose after reporting a strong first-quarter performance late on Wednesday and announcing plans to sell its Russian assets.
On the downside, Hikma Pharmaceuticals tumbled after it cut guidance for its generics business, citing a delay to the launch of a narcolepsy treatment.
Banks were under the cosh, with NatWest and Lloyds both lower. CMC Markets analyst Michael Hewson said: "Banking stocks are under pressure on concerns over the economic outlook in the UK after the Bank of England's gloomy economic forecasts."
Online supermarket Ocado was on the back foot despite an upgrade to 'hold' at HSBC.
FTSE 100 - Risers
Endeavour Mining (EDV) 2,086.00p 7.47%
Mondi (MNDI) 1,597.50p 6.36%
Avast (AVST) 539.80p 6.18%
Aveva Group (AVV) 2,298.00p 5.08%
Anglo American (AAL) 3,650.50p 4.08%
Glencore (GLEN) 501.30p 3.94%
SEGRO (SGRO) 1,205.50p 3.70%
Ashtead Group (AHT) 4,227.00p 3.60%
Pershing Square Holdings Ltd NPV (PSH) 2,785.00p 3.53%
Fresnillo (FRES) 793.00p 3.44%
FTSE 100 - Fallers
Hikma Pharmaceuticals (HIK) 1,703.50p -8.04%
Admiral Group (ADM) 2,363.00p -5.21%
NATWEST GROUP PLC ORD 100P (NWG) 213.20p -3.09%
Lloyds Banking Group (LLOY) 44.48p -2.56%
ITV (ITV) 73.24p -2.22%
Ocado Group (OCDO) 873.00p -2.11%
Aviva (AV.) 429.10p -1.22%
Whitbread (WTB) 2,812.00p -0.99%
Entain (ENT) 1,441.50p -0.93%
Prudential (PRU) 978.20p -0.87%
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