By Benjamin Chiou
Date: Tuesday 22 Jul 2025
(Sharecast News) - The FTSE 100 was holding steady on Tuesday as strong gains from Compass, Centrica and utility stocks were offset by falls in the airline and housebuilding sectors.
Food services business Compass Group jumped 5% after upgrading full-year profit guidance due to strong organic growth and a better-than-expected M&A performance. Compass Group also announced it has agreed to acquire Vermaat Groep, a leading premium food services business in Europe, for approximately €1.5bn.
British Gas-owner Centrica was also outperforming after taking a 15% stake in nuclear power station Sizewell C, one of a number of new private investors to inject funds into the £38bn project.
Other utility stocks were also putting in a decent performance, with United Utilities and Severn Trent both on the rise.
Drugmaker AstraZeneca was also higher as investors digested plans to invest $50bn in the US for medicines manufacturing and R&D by 2030. AstraZeneca said its investment will support its ambition to reach $80bn in revenues by 2030, with 50% generated in the US.
British Airways owner IAG was leading the fallers as the stock pulled back from a record high reached over the past few days, with easyJet falling in sympathy.
Barratt Redrow and Taylor Wimpey were both in the red as rising bond yields hit the housebuilding sector. "Housebuilders were knocked by the public sector finance figures as the rise in gilt yields suggests the market believes interest rates could stay higher for longer. Housebuilders are desperately waiting for rates to come down as that could make mortgages more affordable and help more people get on the property ladder," said Russ Mould, investment director at AJ Bell.
FTSE 100 - Risers
Compass Group (CPG) 2,636.00p 4.44%
Centrica (CNA) 163.20p 4.18%
Glencore (GLEN) 323.90p 3.57%
Entain (ENT) 989.60p 3.19%
Rentokil Initial (RTO) 365.30p 2.73%
SSE (SSE) 1,977.50p 2.51%
United Utilities Group (UU.) 1,165.00p 2.24%
Rio Tinto (RIO) 4,700.00p 1.95%
Antofagasta (ANTO) 1,989.50p 1.69%
Severn Trent (SVT) 2,764.00p 1.54%
FTSE 100 - Fallers
International Consolidated Airlines Group SA (CDI) (IAG) 370.40p -2.47%
Melrose Industries (MRO) 523.20p -2.39%
easyJet (EZJ) 496.00p -2.09%
Babcock International Group (BAB) 1,047.00p -2.06%
BAE Systems (BA.) 1,864.00p -1.92%
Legal & General Group (LGEN) 255.30p -1.88%
Ashtead Group (AHT) 4,719.00p -1.87%
Barratt Redrow (BTRW) 378.30p -1.84%
Games Workshop Group (GAW) 15,940.00p -1.60%
Smurfit Westrock (DI) (SWR) 3,338.00p -1.59%
Email this article to a friend
or share it with one of these popular networks:
You are here: news