Email Facebook Twitter

EXCLUSIVE: Robin Young, CEO, Amur Minerals #AMC talks long-term strategy

ShareCast News

FTSE 100 movers: AB Foods boosted by upgrade; Hikma hit by downgrade

Mon, 20th Mar 2017 14:09

(ShareCast News) - London's FTSE 100 was flat at 7,424.87 in afternoon trade as investors digested news that Prime Minister Theresa May will trigger the UK's exit from the European Union next Wednesday.

Primark owner Associated British Foods was on the front foot after Goldman Sachs upped its stance on the stock to 'buy' from 'neutral' and lifted the price target to 3,000p from 2,750p.

Insurers Admiral Group and Direct Line advanced as the change to the Ogden discount rate - which is used to calculate compensation payouts for serious personal injuries - took effect.

Admiral said earlier this month that the change had hit its 2016 earnings by ?105m, while Direct Line's full-year profit took a ?175m hit.

Last month, the government cut the Ogden discount rate to -0.75% from 2.5%, with Lord Chancellor Liz Truss saying the move reflected the fall in index-linked gilt yields, which are used in the calculation.

Hikma Pharmaceuticals retreated as Bank of America Merrill Lynch downgraded the stock to 'neutral', saying the risk/reward from Advair is balanced.


Dixons Carphone (DC.) 308.10p 2.12%

Associated British Foods (ABF) 2,661.00p 1.72%

Old Mutual (OML) 224.80p 1.58%

Admiral Group (ADM) 1,973.00p 1.44%

Direct Line Insurance Group (DLG) 339.00p 1.38%

Reckitt Benckiser Group (RB.) 7,489.00p 1.31%

Sainsbury (J) (SBRY) 273.20p 1.30%

CRH (CRH) 2,855.00p 0.99%

Hammerson (HMSO) 583.00p 0.78%

Informa (INF) 640.50p 0.63%


Hikma Pharmaceuticals (HIK) 2,130.00p -1.75%

Royal Bank of Scotland Group (RBS) 240.30p -1.48%

Antofagasta (ANTO) 840.50p -1.41%

Smurfit Kappa Group (SKG) 2,206.00p -1.16%

Convatec Group (CTEC) 257.90p -1.11%

Anglo American (AAL) 1,278.50p -1.08%

Taylor Wimpey (TW.) 193.00p -0.87%

BP (BP.) 459.50p -0.76%

Morrison (Wm) Supermarkets (MRW) 236.70p -0.71%

Coca-Cola HBC AG (CDI) (CCH) 1,992.00p -0.70%

Back to ShareCast News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.