Portfolio

FTSE 100 movers: Just Eat rallies; banks retreat

By Michele Maatouk

Date: Wednesday 14 Oct 2020

FTSE 100 movers: Just Eat rallies; banks retreat

(Sharecast News) - London's FTSE 100 was down 0.5% at 5,942.26 in afternoon trade on Wednesday.
Asia-focused banks Standard Chartered and HSBC were in the red, along with engine maker Rolls-Royce.

On the upside, Just Eat was the standout riser after the food-ordering firm reported a 46% year-on-year rise in orders during the third quarter, driven by continuing coronavirus curbs.

Barratt Developments was also trading higher after the housebuilder said it continued to see strong demand for homes after the easing of coronavirus lockdown measures in June with an increase in its sales rate from July 1 to October 11.

The company reported a 24% rise in home completions to 4,032 with total forward sales of 15,135 homes compared with 12,963 last year at a value of £3.64bn versus £3.07bn in 2019.

"Our sales rate in the period was 0.87 net private reservations per active outlet per average week, up 20.8% on last year," Barratt said.

Peers Berkeley, Persimmon and Taylor Wimpey also gained.

FTSE 100 - Risers

Just Eat Takeaway.Com N.V. (CDI) (JET) 9,330.00p 5.52%
Barratt Developments (BDEV) 562.00p 3.35%
JD Sports Fashion (JD.) 810.00p 3.34%
Berkeley Group Holdings (The) (BKG) 4,460.00p 3.19%
Persimmon (PSN) 2,614.00p 2.79%
Taylor Wimpey (TW.) 120.65p 2.72%
DCC (DCC) 5,532.00p 2.67%
Kingfisher (KGF) 315.60p 2.57%
Polymetal International (POLY) 1,769.50p 2.55%
Aveva Group (AVV) 4,647.00p 2.47%

FTSE 100 - Fallers

Standard Chartered (STAN) 357.50p -3.74%
AstraZeneca (AZN) 8,270.00p -2.20%
Rolls-Royce Holdings (RR.) 179.15p -2.16%
Vodafone Group (VOD) 109.84p -1.93%
Rentokil Initial (RTO) 539.00p -1.89%
HSBC Holdings (HSBA) 299.55p -1.85%
British American Tobacco (BATS) 2,671.50p -1.57%
Compass Group (CPG) 1,196.50p -1.52%
Burberry Group (BRBY) 1,554.00p -1.46%
Associated British Foods (ABF) 1,802.50p -1.29%

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