FTSE 100 movers: Intertek gains on results; Vodafone goes ex-div
By Michele Maatouk
Date: Thursday 23 Nov 2023
(Sharecast News) - London's FTSE 100 was up 0.1% at 7,479.78 in afternoon trade on Thursday.
Product inspection, testing and certification company Intertek gained as it said it's on track to deliver on targets for 2023 after a solid third quarter, though currency movements were limiting growth more than expected.
BP and Shell were also on the rise as oil prices recovered.
BAE Systems advanced as JPMorgan Cazenove lifted its price target on the shares to 1,300p from 1,150p, after hosting the company's chief executive and chief financial officer at its UK Leaders Conference.
The bank said it came away from the event "incrementally positive" on BAE's investment case.
"BAE faces a decade of growth and visibility," JPM said. "It has strong free cash flow, which should mean it continues to pay an attractive dividend and buy back stock every year (which we assume in our forecast through to 2027)."
On the downside, Vodafone, National Grid, Imperial Brands and Land Securities all fell as they traded without entitlement to the dividend.
FTSE 100 - Risers
Intertek Group (ITRK) 3,962.00p 3.47%
BP (BP.) 474.15p 1.72%
Standard Chartered (STAN) 664.20p 1.03%
Shell (SHEL) 2,581.00p 0.96%
Ashtead Group (AHT) 4,769.00p 0.93%
BAE Systems (BA.) 1,070.50p 0.90%
Compass Group (CPG) 2,096.00p 0.87%
Sainsbury (J) (SBRY) 269.30p 0.82%
HSBC Holdings (HSBA) 611.40p 0.77%
Rightmove (RMV) 506.40p 0.72%
FTSE 100 - Fallers
Vodafone Group (VOD) 70.86p -5.42%
National Grid (NG.) 997.60p -3.47%
Whitbread (WTB) 3,230.00p -3.41%
International Consolidated Airlines Group SA (CDI) (IAG) 153.65p -3.24%
Imperial Brands (IMB) 1,829.00p -2.64%
JD Sports Fashion (JD.) 146.50p -2.56%
Ocado Group (OCDO) 553.80p -2.43%
Land Securities Group (LAND) 630.80p -2.20%
Entain (ENT) 865.40p -1.75%
Burberry Group (BRBY) 1,515.50p -1.56%
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