Register
Login:
Share:
Email Facebook Twitter

RNS VIDEO: Reabold Resources #RBD raise £6 million and take stake in Danube Petroleum Watch here

EXCLUSIVE: HemoGenyx are creating blood cancer treatments with US$9 billion market potential


ShareCast News


FTSE 100 movers: Sky gains on Comcast report; Babcock goes ex-div

Thu, 7th Dec 2017 14:44


(ShareCast News) - London's FTSE 100 was down 0.3% to 7,329.93 in afternoon trade on Thursday.

Hammerson was clawing back some of its losses from Wednesday, when shares fell after it announced that it had agreed to buy rival Intu Properties in a 3.4bn all-share deal that will create a 21bn portfolio across Europe.

Sky gained following reports that Comcast Corp is interested in taking full control of the broadcaster and other assets of major shareholder 21st Century Fox, which is already in advanced sale talks with Disney.

Ashtead was up as Numis upgraded the stock to 'buy' from 'add' and lifted the price target to 2,500p from 2,000p, while educational publisher Pearson, which is currently down almost 10 per cent since the turn of the year, was lifted as JP Morgan Cazenove hiked its target price for the stock to 740p from 671p.

"A strong economic environment and a boost from hurricane clear-up activity provide the backdrop to Ashtead's Q2/H1 results. Management continues to execute a clear strategy and the business is supported by a strong balance sheet providing significant flexibility. Additionally, US tax cuts now appear closer to becoming a reality, providing a potential boost to earnings and economic stimulus."

Going the other way, Babcock International was on the back foot as it went ex-dividend, while miners Rio Tinto and BHP Billiton retreated as copper and iron prices fell.

Costa and Premier Inn owner Whitbread slipped, giving back some gains made in the previous session when it emerged that US activist investor Sachem Capital had bought a stake in the group.

Risers

BT Group (BT.A) 263.35p 2.39%

Pearson (PSON) 737.50p 2.29%

Vodafone Group (VOD) 228.40p 1.60%

Reckitt Benckiser Group (RB.) 6,649.00p 1.50%

Mediclinic International (MDC) 590.50p 1.46%

Hammerson (HMSO) 507.50p 1.20%

Sky (SKY) 999.00p 1.11%

Ashtead Group (AHT) 1,990.00p 0.96%

International Consolidated Airlines Group SA (CDI) (IAG) 625.00p 0.81%

DCC (DCC) 6,940.00p 0.80%

Fallers

Babcock International Group (BAB) 656.50p -3.17%

Admiral Group (ADM) 1,851.00p -2.22%

Direct Line Insurance Group (DLG) 358.80p -1.70%

Rio Tinto (RIO) 3,439.50p -1.69%

Associated British Foods (ABF) 2,872.00p -1.64%

BAE Systems (BA.) 552.50p -1.52%

GKN (GKN) 293.80p -1.51%

Whitbread (WTB) 3,933.00p -1.43%

BHP Billiton (BLT) 1,323.00p -1.05%

British American Tobacco (BATS) 4,975.50p -1.04%




Back to ShareCast News


Share Price, Share Chat, Stock Market news at lse.co.uk
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 lse.co.uk




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.