Stock Market News
FTSE 100 movers: Segro rallies on results; Old Mutual gives back gains
London's FTSE 100 was up 0.6% to 7,274.91 in afternoon trade on Friday as the pound lost ground against the dollar after disappointing UK retail sales data.
Warehouse property owner and developer Segro was the standout gainer after taking the wraps off a strong set of results for 2017, with a record level of development completions during the period, almost all of which have been leased.
Results were ahead of consensus forecasts on both net asset value and earnings as the company reported good underlying investment and occupational markets, aided by lots of development activity after the £900m fundraising and debt restructure.
Advertising giant WPP was a high riser amid a recent improvement in the ad market.
"Recent advertising trends have been better than expected across the board," said Goldman Sachs in a note to clients. "We expect 2017 to have ended on a more positive note in most TV markets based on our conversations with industry participants, read-across from recent results and comments from large advertisers.
"We see a slightly more positive outlook for 2018 (1H weighted) helped by easy comps and sports events."
Steel producer Evraz racked up healthy gains as Deutsche Bank initiated coverage of the stock at 'buy' as part of an initiation of the Russian steel sector. It said Evraz was its top pick due to its attractive valuation and highest free cash flow yield.
Going the other way, Old Mutual, which has dual listings on the London Stock Exchange and the Johannesburg Securities Exchange, was giving gave back some of the gains made a day earlier as investors welcomed the resignation of Jacob Zuma as South African president.
Risers
SEGRO (SGRO) 590.60p 6.38%
WPP (WPP) 1,469.00p 4.04%
NMC Health (NMC) 3,396.00p 3.60%
Evraz (EVR) 393.80p 2.69%
Coca-Cola HBC AG (CDI) (CCH) 2,455.00p 2.63%
ITV (ITV) 171.90p 2.32%
Pearson (PSON) 697.60p 2.32%
Severn Trent (SVT) 1,739.50p 2.14%
Reckitt Benckiser Group (RB.) 6,522.00p 1.97%
Vodafone Group (VOD) 203.60p 1.87%
Fallers
Randgold Resources Ltd. (RRS) 6,336.00p -1.68%
Old Mutual (OML) 243.30p -1.38%
Antofagasta (ANTO) 919.80p -1.33%
Rolls-Royce Holdings (RR.) 832.80p -0.88%
Rio Tinto (RIO) 4,094.50p -0.75%
Carnival (CCL) 4,831.00p -0.64%
BHP Billiton (BLT) 1,589.00p -0.56%
Burberry Group (BRBY) 1,547.50p -0.48%
Glencore (GLEN) 386.95p -0.27%
Barclays (BARC) 197.98p -0.26%
Warehouse property owner and developer Segro was the standout gainer after taking the wraps off a strong set of results for 2017, with a record level of development completions during the period, almost all of which have been leased.
Results were ahead of consensus forecasts on both net asset value and earnings as the company reported good underlying investment and occupational markets, aided by lots of development activity after the £900m fundraising and debt restructure.
Advertising giant WPP was a high riser amid a recent improvement in the ad market.
"Recent advertising trends have been better than expected across the board," said Goldman Sachs in a note to clients. "We expect 2017 to have ended on a more positive note in most TV markets based on our conversations with industry participants, read-across from recent results and comments from large advertisers.
"We see a slightly more positive outlook for 2018 (1H weighted) helped by easy comps and sports events."
Steel producer Evraz racked up healthy gains as Deutsche Bank initiated coverage of the stock at 'buy' as part of an initiation of the Russian steel sector. It said Evraz was its top pick due to its attractive valuation and highest free cash flow yield.
Going the other way, Old Mutual, which has dual listings on the London Stock Exchange and the Johannesburg Securities Exchange, was giving gave back some of the gains made a day earlier as investors welcomed the resignation of Jacob Zuma as South African president.
Risers
SEGRO (SGRO) 590.60p 6.38%
WPP (WPP) 1,469.00p 4.04%
NMC Health (NMC) 3,396.00p 3.60%
Evraz (EVR) 393.80p 2.69%
Coca-Cola HBC AG (CDI) (CCH) 2,455.00p 2.63%
ITV (ITV) 171.90p 2.32%
Pearson (PSON) 697.60p 2.32%
Severn Trent (SVT) 1,739.50p 2.14%
Reckitt Benckiser Group (RB.) 6,522.00p 1.97%
Vodafone Group (VOD) 203.60p 1.87%
Fallers
Randgold Resources Ltd. (RRS) 6,336.00p -1.68%
Old Mutual (OML) 243.30p -1.38%
Antofagasta (ANTO) 919.80p -1.33%
Rolls-Royce Holdings (RR.) 832.80p -0.88%
Rio Tinto (RIO) 4,094.50p -0.75%
Carnival (CCL) 4,831.00p -0.64%
BHP Billiton (BLT) 1,589.00p -0.56%
Burberry Group (BRBY) 1,547.50p -0.48%
Glencore (GLEN) 386.95p -0.27%
Barclays (BARC) 197.98p -0.26%
Related share prices |
---|
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price