FTSE 100 movers: Aveva boosted by upgrade; British Land hit by downgrade
The London FTSE 100 rose 0.3% to 6,590.75 in afternoon trading on Tuesday.
Should have was the top winner after upgrading to “Buy” from “Neutral” at UBS.
Next was also significantly higher after the retailer reported a smaller-than-expected drop in sales over Christmas, saying online sales made up for almost all sales lost in retail stores.
In the nine weeks ending December 26, full-price sales were down 1.1% year over year, ahead of the retailer’s key forecast for an 8% decline in the October retail update.
Online sales increased 38% over the reporting period while UK online sales increased 36% while retail sales decreased 43%.
Oil giants BP and Bowl The oil price rose in tandem.
Go the other way British country was brought down to “underweight” by a downgrade from “balance” at Morgan Stanley when a look at European office stocks was taken.
Paper and packaging group Smurfite Kappa and educational publisher Pearson also lost ground.
FTSE 100 riser
Aveva Group (AVV) 3,523.00p 7.57%
Next (NXT) 7,320.00 p 5.90%
Royal Dutch Shell ‘A’ (RDSA) 1,350,40p 3.70%
BP (BP.) 262.85p 3.28%
Royal Dutch Shell ‘B’ (RDSB) 1,299.00 p 3.21%
Glencore (GLEN) 250.00p 1.87%
Kingfisher (KGF) 280.70p 1.81%
Rolls-Royce Holdings (RR.) 105.05p 1.79%
B&M European Value Retail SA (DI) (BME) 531.60p 1.57%
Compass Group (CPG) 1,390,50p 1.39%
FTSE 100 – Faller
Smurfit Kappa Group (SKG) 3,462.00p -3.35%
Pearson (PSON) 662.60p -2.82%
WPP (WPP) 776.20p -2.61%
London Stock Exchange Group (LSE) 9,052.00p -2.27%
Spirax-Sarco Engineering (SPX) 11,425.00p -2.23%
Burberry Group (BRBY) 1,780,50p -2.14%
NATWEST GROUP PLC ORD 100P (NWG) 155.60p -2.02%
Ferguson (FERG) 8,680.00p -1.90%
British Land Company (BLND) 467.10p -1.83%
Informed (INF) 531.20p -1.81%