FTSE 100 movers: ICG rallies; Shell gushes lower
The London FTSE 100 rose 0.4% in afternoon trading Tuesday to 7,107.71.
Intermediate capital group was the standout winner as he increased his fundraising goal after an exceptional performance by his investment arm resulted in more than quadrupling annual earnings.
Aviva Shares rebounded after activist investor Cevian Capital said it had built a 4.95% stake in the insurer and asked it to raise $ 5 billion over the next year.
B&M European Value Retail was higher after Berenberg raised its buy-rated price target from 600p to 625p. We believe the price decline will create an attractive entry point despite solid results, “the press release said.
Bowl gushed down as oil prices fell while owned by British Airways IAG suffered a blow after being downgraded to neutral at Goldman Sachs.
FTSE 100 – risers
Intermediate Capital Group (ICP) 2,279.00p 5.71%
Flutter Entertainment (CDI) (FLTR) 13.825.00p 4.81%
InterContinental Hotels Group (IHG) 5,176.00p 4.06%
Just Eat Takeaway.Com NV (CDI) (JET) 6,628.00 p 3.77%
Ocado Group (OCDO) 1,946.00 p 3.73%
Included (ENT) 1,793.00 p 3.52%
Aviva (AV.) 422.20p 2.80%
White bread (WTB) 3,318.00p 2.72%
B&M European Value Retail SA (DI) (BME) 539.20p 2.59%
Schröder (SDR) 3,662.00p 2.52%
FTSE 100 – Faller
M&G (MNG) 243.20p -2.17%
Evraz (EVR) 636.80p -1.39%
Royal Dutch Shell ‘B’ (RDSB) 1,310.60p -1.37%
Royal Dutch Shell ‘A’ (RDSA) 1,374.00p -1.34%
Lloyds Banking Group (LLOY) 49.08p -1.12%
Melrose Industries (MRO) 165.30p -0.99%
Taylor Wimpey (TW.) 171.65p -0.98%
International Consolidated Airlines Group SA (CDI) (IAG) 199.94p -0.92%
NATWEST GROUP PLC ORD 100P (NWG) 208.30p -0.76%
Legal & General Group (LGEN) 280.70p -0.74%