FTSE 100 movers: Tui shares travel higher; WPP hit by Publicis results
By Michele Maatouk
Date: Friday 19 Jul 2019
(Sharecast News) - London's FTSE 100 was up 0.2% at 7,504.67 in afternoon trade on Friday.
Tui was among the top gainers as analysts suggested that Boeing's planned second-quarter charge for 737 Max plane groundings could increase the possibility of compensation for the tour operator.
Miners Antofagasta, Anglo American, Rio Tinto and BHP were all on the rise as copper prices advanced.
Going the other way, advertising giant WPP was the standout loser after French peer Publicis cut its revenue target for the year. Publicis warned that traditional marketing trends were declining, with the US business feeling the effects of this more than most.
CMC Markets analyst Michael Hewson said: "For companies that rely on this traditional method of growth this is unwelcome news."
Paper and packaging group DS Smith fell as the Competition and Markets Authority said Liqui-Box's proposed takeover of its rigid and flexible packaging business could leave food and drink suppliers worse off. The two companies will now need to address the CMA's concerns or the deal will be referred for an in-depth investigation.
FTSE 100 - Risers
Ocado Group (OCDO) 1,201.00p 5.30%
TUI AG Reg Shs (DI) (TUI) 796.60p 4.16%
Antofagasta (ANTO) 922.40p 2.65%
Anglo American (AAL) 2,231.50p 2.15%
Johnson Matthey (JMAT) 3,100.00p 1.77%
Rio Tinto (RIO) 4,862.10p 1.72%
BHP Group (BHP) 2,030.50p 1.67%
Sainsbury (J) (SBRY) 204.50p 1.64%
United Utilities Group (UU.) 776.60p 1.60%
Experian (EXPN) 2,415.00p 1.47%
FTSE 100 - Fallers
WPP (WPP) 911.40p -2.82%
Berkeley Group Holdings (The) (BKG) 3,764.00p -1.70%
St James's Place (STJ) 1,096.50p -1.35%
Fresnillo (FRES) 803.00p -1.28%
Smith (DS) (SMDS) 359.20p -1.16%
Kingfisher (KGF) 218.80p -1.13%
Royal Bank of Scotland Group (RBS) 228.10p -1.13%
Lloyds Banking Group (LLOY) 56.77p -1.08%
Schroders (SDR) 2,938.00p -1.01%
Legal & General Group (LGEN) 268.81p -0.95%
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