FTSE 100 movers: Compass gains; property stocks retreat
By Michele Maatouk
Date: Wednesday 30 Nov 2022
(Sharecast News) - London's FTSE 100 was up 0.9% at 7,580.17 in afternoon trade on Wednesday.
Caterer Compass was in the black as Shore Capital reiterated its 'buy' stance on the shares.
"Compass Group FY22A results were strong with H2 profitability having recovered to pre-Covid levels," the broker said.
"We see further momentum in FY23, driven by continued strength in net gains, further LFL recovery and price, with current guidance appearing conservatively set. We previously set out a blue-sky scenario for revenues to build beyond £35bn in the medium term.
"Given the current momentum we now see this as more of a forecast than a pipe dream and reiterate our buy stance."
Miners were also on the rise, with Anglo American and Glencore both up.
Property stocks fell, however, with British Land and Land Securities among the worst performers.
FTSE 100 - Risers
Anglo American (AAL) 3,399.00p 3.33%
Compass Group (CPG) 1,886.50p 3.06%
Antofagasta (ANTO) 1,405.00p 3.01%
Endeavour Mining (EDV) 1,733.00p 2.73%
Halma (HLMA) 2,184.00p 2.63%
Harbour Energy (HBR) 321.60p 2.62%
London Stock Exchange Group (LSEG) 8,254.00p 2.61%
Glencore (GLEN) 564.30p 2.45%
Intertek Group (ITRK) 4,039.00p 2.41%
JD Sports Fashion (JD.) 127.25p 2.25%
FTSE 100 - Fallers
British Land Company (BLND) 392.90p -2.92%
Airtel Africa (AAF) 121.40p -2.25%
Tesco (TSCO) 227.80p -2.23%
Unite Group (UTG) 925.50p -2.22%
Land Securities Group (LAND) 609.80p -1.74%
SEGRO (SGRO) 797.00p -1.41%
Haleon (HLN) 281.45p -1.37%
Phoenix Group Holdings (PHNX) 588.20p -1.31%
Centrica (CNA) 93.82p -1.05%
DCC (CDI) (DCC) 4,433.00p -0.94%
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