FTSE 100 movers: Anglo rallies on Reuters report; IHG slumps

By Michele Maatouk

Date: Friday 03 May 2024

(Sharecast News) - London's FTSE 100 was up 0.5% at 8,209.34 in afternoon trade on Friday.
Online supermarket Ocado and property portal Rightmove were the top two performers on the index.

Anglo American was also a high riser following a Reuters report that Glencore is studying an approach for the miner after it rejected a £31bn proposal from BHP.

Glencore was in the red.

Intercontinental Hotels slumped as the hotels giant reported a substantial easing in revenue per available room (RevPAR) growth in the first quarter as weakness in the Americas and a big slowdown in China limited progress.

However, IHG also announced that it would see a $25m uplift to profits this year after a change in its System Fund arrangements, lowering the fees it pays to franchisees to deliver its loyalty programme. The change will "improve economics for our owners", the company said.

FTSE 100 - Risers

Ocado Group (OCDO) 367.20p 4.91%
Rightmove (RMV) 549.00p 4.21%
Convatec Group (CTEC) 258.40p 3.61%
Anglo American (AAL) 2,752.50p 3.42%
Scottish Mortgage Inv Trust (SMT) 883.40p 3.01%
Burberry Group (BRBY) 1,181.00p 2.70%
RS Group (RS1) 765.50p 2.55%
Croda International (CRDA) 4,794.00p 2.52%
Antofagasta (ANTO) 2,185.00p 2.49%
BAE Systems (BA.) 1,362.50p 2.48%

FTSE 100 - Fallers

InterContinental Hotels Group (IHG) 7,684.00p -2.59%
Glencore (GLEN) 451.20p -1.64%
BP (BP.) 509.90p -1.14%
Beazley (BEZ) 634.50p -0.78%
Standard Chartered (STAN) 750.20p -0.77%
Coca-Cola HBC AG (CDI) (CCH) 2,624.00p -0.46%
Imperial Brands (IMB) 1,836.50p -0.38%
Barclays (BARC) 200.30p -0.35%
AstraZeneca (AZN) 12,122.00p -0.28%
Shell (SHEL) 2,865.00p -0.28%

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