FTSE 100 movers: Ashtead rallies on results; miners fall
By Michele Maatouk
Date: Thursday 16 Sep 2021
(Sharecast News) - London's FTSE 100 was up 0.3% at 7,036.64 in afternoon trade on Thursday.
Ashtead rallied as it said its annual performance would beat its previous expectations as the equipment hire company reported a 53% increase in operating profit for the first quarter. Operating profit for the three months to the end of July rose to $477m from $311m a year earlier at constant currency as revenue increased 21% to $1.85bn. Statutory pre-tax profit rose 74% to $416m.
Revenue rose 13% at constant currency from the first quarter two years earlier when trading was unaffected by the pandemic.
Rolls-Royce was also on the rise, boosted by the Aukus defence pact agreed between the US, UK and Australia.
Mining stocks Anglo American, BHP, Rio, Glencore and Antofagasta all lost ground amid concerns about China.
FTSE 100 - Risers
Ashtead Group (AHT) 6,174.00p 5.47%
Rolls-Royce Holdings (RR.) 110.16p 4.42%
Flutter Entertainment (CDI) (FLTR) 15,085.00p 4.25%
International Consolidated Airlines Group SA (CDI) (IAG) 141.78p 3.40%
Intermediate Capital Group (ICP) 2,224.00p 2.39%
Smith & Nephew (SN.) 1,350.00p 2.20%
Compass Group (CPG) 1,478.00p 2.04%
Whitbread (WTB) 3,254.00p 2.01%
Smurfit Kappa Group (CDI) (SKG) 4,171.00p 1.98%
Entain (ENT) 1,925.00p 1.91%
FTSE 100 - Fallers
Anglo American (AAL) 2,820.50p -4.50%
Fresnillo (FRES) 831.40p -1.96%
BHP Group (BHP) 1,997.80p -1.90%
Rio Tinto (RIO) 5,127.00p -1.76%
Ocado Group (OCDO) 1,778.50p -1.63%
Glencore (GLEN) 335.25p -1.51%
Just Eat Takeaway.Com N.V. (CDI) (JET) 6,236.00p -1.13%
Polymetal International (POLY) 1,333.50p -0.82%
Antofagasta (ANTO) 1,456.50p -0.65%
B&M European Value Retail S.A. (DI) (BME) 589.00p -0.64%
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