Email Facebook Twitter

RNS EXCLUSIVE: Cabot praise 3D seismic mapping after successful winter programme

ShareCast News

FTSE 100 movers: Airlines, housebuilders rally; Imperial hit by broker note

Mon, 2nd Oct 2017 13:33

(ShareCast News) - London's FTSE 100 was up 0.7% to 7,421.26 in afternoon trade on Monday as the pound slipped back on disappointing manufacturing data.

EasyJet and British Airways parent International Consolidated Airlines Group benefited from the collapse of rival Monarch Airlines.

Rebecca O'Keeffe at Interactive Investor said: "Capacity being taken out of the market was always going to be good news for other airline stocks, with easyJet, Ryanair and Tui all enjoying a bounce this morning, but the collapse of Monarch does highlight serious issues for the airline industry.

"The weaker pound has seen UK holidaymakers tighten their budgets and the increased threat of terrorism has reduced target holiday destinations and made these routes more congested and competitive. Less competition is good news for airline share prices in the short term, but if these Monarch's assets are simply repatriated to other carriers, the drop in capacity may not persist for long."

Housebuilders Barratt Developments and Persimmon built strong gains after PM Theresa May said the government will find an extra 10bn for the Help to Buy scheme to let another 135,000 people get on the property ladder.

Luxury brand Burberry was boosted by a note from HSBC as the bank retained its 'reduce' rating on the stock but lifted the price target to 1,680p from 1,580p on slightly better growth and more favourable FX.

Paper and packaging group Mondi also advanced as Jefferies reaffirmed its 'buy' rating on the stock, but Imperial Brands took a hit as Jefferies cut its price target on the buy-rated stock to 3,600p from 4,100p.


easyJet (EZJ) 1,275.00p 4.77%

Barratt Developments (BDEV) 637.00p 3.66%

Persimmon (PSN) 2,674.00p 3.56%

Centrica (CNA) 191.70p 2.51%

Anglo American (AAL) 1,372.00p 2.43%

International Consolidated Airlines Group SA (CDI) (IAG) 606.00p 2.11%

Glencore (GLEN) 348.00p 1.75%

Burberry Group (BRBY) 1,790.00p 1.70%

Mondi (MNDI) 2,036.00p 1.55%

GlaxoSmithKline (GSK) 1,511.50p 1.55%


Smurfit Kappa Group (SKG) 2,301.00p -1.24%

Imperial Brands (IMB) 3,145.50p -1.21%

Aviva (AV.) 509.50p -0.97%

Lloyds Banking Group (LLOY) 67.15p -0.86%

CRH (CRH) 2,813.00p -0.85%

RSA Insurance Group (RSA) 618.00p -0.80%

Barclays (BARC) 192.10p -0.65%

Mediclinic International (MDC) 646.50p -0.54%

Ashtead Group (AHT) 1,791.00p -0.44%

Ferguson (FERG) 4,876.00p -0.41%

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.