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FTSE 100 movers: Kingfisher retreats; Sainsbury's rallies after Kantar data

By Michele Maatouk

Date: Tuesday 20 Aug 2019

FTSE 100 movers: Kingfisher retreats; Sainsbury's rallies after Kantar data

(Sharecast News) - London's FTSE 100 was down 0.7% at 7,136.85 in afternoon trade on Tuesday.
B&Q owner Kingfisher was also in the red, with traders pointing to results from US peer Home Depot, which cut its sales outlook due to tariffs and lumber prices.

Miner BHP retreated as it posted its best full-year figures for five years and handed out a record dividend as it cashed in on higher commodity prices, but results still fell short of expectations.

Underlying profit rose to $9.12bn from $8.93bn year on year, but was still lower than expectations of $9.4bn.The company announced a dividend of 78 cents a share, meaning that it will hand back $3.9bn to investors in addition to $17bn already announced.

Supermarket retailers were in focus after the latest data from research firm Kantar showed that sales at the 'big four' fell in the 12 weeks to 11 August. Sainsbury's shares rose as it fared the best of the bunch, with sales there down just 0.6%, versus a 2.7% drop at Morrisons, a 1.6% decline at Tesco and a 1.5% fall at Walmart-owned Asda.

Tesco was on the back foot.

On the upside, AstraZeneca was the standout gainer as the pharmaceuticals giant said results from a clinical trial of its Farxiga drug for the treatment of patients with heart failure met its primary objective.

FTSE 100 - Risers

Sainsbury (J) (SBRY) 193.30p 2.63%
3i Group (III) 1,097.50p 1.43%
Spirax-Sarco Engineering (SPX) 7,925.00p 1.41%
Hargreaves Lansdown (HL.) 1,940.50p 1.31%
Prudential (PRU) 1,415.50p 1.18%
AstraZeneca (AZN) 7,366.00p 1.17%
Burberry Group (BRBY) 2,139.00p 1.04%
Antofagasta (ANTO) 823.60p 1.01%
Rolls-Royce Holdings (RR.) 770.20p 0.97%
Aveva Group (AVV) 3,830.00p 0.95%

FTSE 100 - Fallers

Kingfisher (KGF) 187.70p -3.35%
BHP Group (BHP) 1,739.00p -2.38%
United Utilities Group (UU.) 779.00p -2.31%
Rentokil Initial (RTO) 449.50p -1.98%
Melrose Industries (MRO) 164.20p -1.88%
Severn Trent (SVT) 2,004.35p -1.84%
BT Group (BT.A) 164.38p -1.79%
Ferguson (FERG) 5,928.00p -1.69%
Tesco (TSCO) 216.09p -1.64%
Centrica (CNA) 65.22p -1.63%

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