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FTSE 100 movers: Whitbread rallies; Ashtead slumps after results

By Michele Maatouk

Date: Tuesday 18 Jun 2024

FTSE 100 movers: Whitbread rallies; Ashtead slumps after results

(Sharecast News) - London's FTSE 100 was up 0.6% at 8,192.18 in afternoon trade on Tuesday.
Premier Inn owner Whitbread rallied as it said it was confident on its full-year outlook despite flat first-quarter sales. Hotel sales were boosted by a strong performance in Germany, where they rose 15%, offsetting zero growth in the UK.

Ocado was also in the black after Kantar data showed it was the fastest-growing grocer for the fourth month, increasing sales by 10.7% over the 12 weeks to 9 June. This was ahead of the total online market, which saw sales rise 4%.

Ashtead fell as the equipment rental firm broadly met consensus estimates with double-digit annual revenue growth, but profits came in shy of expectations, as the company pointed to a further moderation of growth in the coming year.

FTSE 100 - Risers

Whitbread (WTB) 2,998.00p 3.27%
SSE (SSE) 1,793.00p 3.11%
Hikma Pharmaceuticals (HIK) 2,026.00p 3.10%
St James's Place (STJ) 543.50p 2.55%
Ocado Group (OCDO) 355.50p 2.30%
DCC (CDI) (DCC) 5,645.00p 2.26%
Bunzl (BNZL) 2,960.00p 2.14%
RS Group (RS1) 720.00p 2.13%
Beazley (BEZ) 687.00p 2.00%
Schroders (SDR) 377.20p 1.95%

FTSE 100 - Fallers

Ashtead Group (AHT) 5,326.00p -3.34%
B&M European Value Retail S.A. (DI) (BME) 470.30p -0.89%
JD Sports Fashion (JD.) 119.70p -0.66%
Entain (ENT) 666.40p -0.42%
Airtel Africa (AAF) 119.90p -0.42%
Berkeley Group Holdings (The) (BKG) 5,010.00p -0.40%
Burberry Group (BRBY) 982.00p -0.39%
Admiral Group (ADM) 2,576.00p -0.35%
Reckitt Benckiser Group (RKT) 4,392.00p -0.34%
Flutter Entertainment (DI) (FLTR) 14,445.00p -0.28%

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