FTSE 100 movers: Airtel Africa rises; Royal Mail under pressure
By Michele Maatouk
Date: Thursday 19 May 2022
(Sharecast News) - London's FTSE 100 was down 2.4% to 7,262.03 in afternoon trade on Thursday.
Airtel Africa rose after saying that its subsidiary SmartCash PSB had started operations in Nigeria.
Royal Mail was under the cosh as it warned of price increases and £350m in cost cuts to combat soaring inflation after reporting a rise in full-year profits. The company on said underlying operating profits rose 8% to £758m for the year to March 31. On a reported basis, pre-tax profits fell 8.8% to £662m.
Elsewhere, Bunzl and Unilever were in the red as they traded without entitlement to the dividend.
Tech-heavy investment trust Scottish Mortgage was on the back foot after the release of its full-year results.
FTSE 100 - Risers
Fresnillo (FRES) 763.80p 2.17%
Dechra Pharmaceuticals (DPH) 3,332.00p 2.08%
Hikma Pharmaceuticals (HIK) 1,694.50p 0.95%
Endeavour Mining (EDV) 1,763.00p 0.23%
Airtel Africa (AAF) 143.30p 0.21%
Aveva Group (AVV) 2,072.00p -0.05%
Aviva (AV.) 413.60p -0.10%
Burberry Group (BRBY) 1,582.00p -0.13%
Meggitt (MGGT) 774.20p -0.49%
Severn Trent (SVT) 3,120.00p -0.54%
FTSE 100 - Fallers
Royal Mail (RMG) 295.10p -13.81%
3i Group (III) 1,191.00p -10.05%
DCC (CDI) (DCC) 5,656.00p -6.51%
Intermediate Capital Group (ICP) 1,356.00p -5.27%
Bunzl (BNZL) 2,771.00p -5.07%
Pershing Square Holdings Ltd NPV (PSH) 2,435.00p -5.07%
Scottish Mortgage Inv Trust (SMT) 739.60p -4.98%
Hargreaves Lansdown (HL.) 845.20p -4.95%
Unilever (ULVR) 3,447.00p -4.94%
Diageo (DGE) 3,578.00p -4.87%
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