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Latest Share Chat

FTSE 100 movers: Reed Elsevier leads risers

Thu, 24th Jul 2014 16:06

Reed Elsevier was the top riser after it reported a 4% increase in half year revenue at constant currency and a 5% increase in the dividend. Shares in International Airlines Group climbed after an agreement was reached between the group and its main trade unions that could see as many as 1,427 jobs slashed at Iberia. Both pilots and ground staff will be affected, but cabin crew will not, it confirmed. Upbeat comments from Fitch and changes in accounting standards gave the UK-listed banking sector a boost, with HSBC, Barclays and RBS all seeing gains. Ratings agency Fitch said that so-called Viability Ratings (VRs) on banks in European developed markets have improved since the start of 2014, "indicating early signs of recovery in European banks' intrinsic creditworthiness". After a strong start to the year, DIY retailer Kingfisher's like-for-like sales reversed into the red in the second quarter with trading "slower than anticipated", sending shares firmly into the red. Easyjet was another big faller despite the budget airline confirming its full-year profit will rise at least 14%, in line with City forecasts. The group anticipates its profit before tax for the year to September 30th will come in at between £545m and £570m, up from £478m last year. FTSE 100 - RisersReed Elsevier (REL) 977.50p +4.10%International Consolidated Airlines Group SA (CDI) (IAG) 343.40p +2.42%Carnival (CCL) 2,184.00p +2.39%HSBC Holdings (HSBA) 618.70p +1.88%Sainsbury (J) (SBRY) 318.20p +1.66%Mondi (MNDI) 1,050.00p +1.55%Barclays (BARC) 213.85p +1.37%Royal Bank of Scotland Group (RBS) 328.00p +1.36%Antofagasta (ANTO) 845.00p +1.32%Aviva (AV.) 506.50p +1.20%FTSE 100 - FallersKingfisher (KGF) 311.00p -7.44%easyJet (EZJ) 1,332.00p -5.06%Petrofac Ltd. (PFC) 1,152.00p -3.76%Fresnillo (FRES) 918.50p -2.34%Admiral Group (ADM) 1,506.00p -2.21%ARM Holdings (ARM) 864.00p -1.87%Hammerson (HMSO) 605.50p -1.54%Sports Direct International (SPD) 699.50p -1.27%GlaxoSmithKline (GSK) 1,463.00p -1.25%SSE (SSE) 1,480.00p -1.20%NR

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