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FTSE 100 movers: BT Group rallies again; Burberry slumps

By Michele Maatouk

Date: Friday 14 Jun 2024

FTSE 100 movers: BT Group rallies again; Burberry slumps

(Sharecast News) - London's FTSE 100 was down 0.4% at 8,129.32 in afternoon trade on Friday.
BT Group rallied for the second day in a row after Mexican billionaire Carlos Slim took a 3.2% stake in the company earlier in the week.

Supermarket chain Tesco jumped as it reported a 3.4% jump in group first-quarter sales, driven by strong volume growth across the UK, Republic of Ireland and Central Europe supported by easing inflation.

Retail sales on a like-for-like basis for the 13 weeks to May 25 came in at £15.3bn as the company said UK market share had increased 52 basis points to 27.6% against its main competitors.

Vodafone was higher following a report it is looking to sell its whole $2.3bn stake in India's Indus Towers through stock market block deals next week.

Burberry was under the cosh as European luxury shares slumped amid worries about the health of demand following a report that some brands are heavily discounting their products in China.

FTSE 100 - Risers

BT Group (BT.A) 139.15p 3.07%
Airtel Africa (AAF) 118.70p 2.42%
Tesco (TSCO) 309.70p 2.38%
Ocado Group (OCDO) 359.40p 2.36%
Sage Group (SGE) 1,053.00p 2.13%
RS Group (RS1) 715.00p 1.35%
Vodafone Group (VOD) 69.54p 1.22%
Fresnillo (FRES) 545.50p 1.21%
National Grid (NG.) 882.20p 1.08%
Diageo (DGE) 2,599.50p 0.97%

FTSE 100 - Fallers

Burberry Group (BRBY) 989.20p -3.35%
Melrose Industries (MRO) 606.80p -3.22%
Barclays (BARC) 198.76p -3.11%
BAE Systems (BA.) 1,340.00p -3.11%
Intertek Group (ITRK) 4,746.00p -2.94%
Kingfisher (KGF) 249.10p -2.62%
Rolls-Royce Holdings (RR.) 458.40p -2.01%
Barratt Developments (BDEV) 490.40p -1.96%
Antofagasta (ANTO) 2,024.00p -1.89%
Flutter Entertainment (DI) (FLTR) 13,920.00p -1.76%

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