We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

FTSE 100 movers: Sports Direct sinks on Ashley's transaction

Thu, 24th Oct 2013 14:34

Sports Direct, the High Street retailer which impressed the market with its first-half trading update yesterday, sank sharply today. The firm revealed that MASH Holdings, a company wholly owned by founder and Deputy Chairman Mike Ashley, sold 16m shares (a 2.7% stake) at 662.5p each, a 7.5% discount to Wednesday's closing price. The £106m sale reduced MASH's holding to 61.7%.Meanwhile, increased risk appetite helped the share prices of miners Antofagasta and Fresnillo higher.Drugmaker Shire climbed after it increased its full year earnings guidance from 'double digit' to 'mid-to-high teens' after extracting encouraging cost saving in the third quarter. The three months to September 30th saw a 13% increase in product sales lift total revenues 12% to $1.24bn, leading to operating profits and earnings both surging 30% to $422m and $1.77 per share. Aberdeen Asset Management climbed on the news it was in talks with Lloyds for the potential acquisition of Scottish Widows Investment Partnership. Banking stocks in general were higher, rebounding after the announcement of European Central Bank stress tests scared investors yesterday. Lloyds was among the top 10 performers this afternoon. Power systems group Rolls-Royce rose after winning a contract for the supply of thrusters and deck machinery for use in drilling offshore Korea.Advertising giant WPP advanced after reporting a 7.2% rise in revenue to £8.2bn in the first nine months on the back of acquisitions and new business wins. FTSE 100 - RisersShire Plc (SHP) 2,700.00p +6.93%Aberdeen Asset Management (ADN) 453.00p +6.44%Fresnillo (FRES) 1,026.00p +3.22%Lloyds Banking Group (LLOY) 79.59p +2.16%Rolls-Royce Holdings (RR.) 1,168.00p +2.10%Standard Chartered (STAN) 1,531.00p +2.07%British Land Co (BLND) 625.50p +2.04%GlaxoSmithKline (GSK) 1,600.00p +1.88%Petrofac Ltd. (PFC) 1,449.00p +1.76%Coca-Cola HBC AG (CDI) (CCH) 1,818.00p +1.73%FTSE 100 - FallersSports Direct International (SPD) 684.00p -3.93%William Hill (WMH) 390.90p -2.03%Marks & Spencer Group (MKS) 478.30p -1.46%ITV (ITV) 193.00p -1.03%Babcock International Group (BAB) 1,250.00p -0.79%easyJet (EZJ) 1,338.00p -0.74%Severn Trent (SVT) 1,862.00p -0.69%Tullow Oil (TLW) 967.00p -0.62%Sage Group (SGE) 325.00p -0.61%Kingfisher (KGF) 370.80p -0.59%FTSE 250 - RisersOphir Energy (OPHR) 330.60p +10.42%Hochschild Mining (HOC) 168.70p +5.50%Inchcape (INCH) 653.50p +4.98%Kazakhmys (KAZ) 263.80p +4.93%Ferrexpo (FXPO) 192.10p +4.01%Man Group (EMG) 91.35p +3.69%Serco Group (SRP) 559.50p +3.61%TR Property Inv Trust (TRY) 232.50p +2.97%IP Group (IPO) 153.00p +2.68%Essar Energy (ESSR) 123.40p +2.66%FTSE 250 - FallersDebenhams (DEB) 104.00p -6.05%Spirent Communications (SPT) 118.80p -3.81%Genus (GNS) 1,328.00p -3.35%Ocado Group (OCDO) 421.40p -2.90%Petra Diamonds Ltd.(DI) (PDL) 118.90p -2.78%Pace (PIC) 315.80p -2.47%Millennium & Copthorne Hotels (MLC) 600.50p -2.44%AZ Electronic Materials SA (DI) (AZEM) 280.40p -2.27%Moneysupermarket.com Group (MONY) 151.10p -2.20%UDG Healthcare Public Limited Company (UDG) 307.90p -2.19%FTSE TechMARK - RisersPromethean World (PRW) 18.50p +8.03%Ricardo (RCDO) 658.00p +3.95%Antisoma (ASM) 1.51p +3.78%Optos (OPTS) 158.25p +3.43%Torotrak (TRK) 28.25p +2.73%RM (RM.) 119.00p +2.59%Innovation Group (TIG) 32.00p +1.59%Skyepharma (SKP) 92.50p +1.09%E2V Technologies (E2V) 146.75p +0.51%IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 178.65 +0.04%FTSE TechMARK - FallersWolfson Microelectronics (WLF) 146.50p -2.01%XP Power Ltd. (DI) (XPP) 1,570.00p -1.57%Filtronic (FTC) 65.50p -1.13%Anite (AIE) 84.75p -0.88%Sepura (SEPU) 146.00p -0.68%Vectura Group (VEC) 114.25p -0.65%Vislink (VLK) 44.88p -0.55%SDL (SDL) 255.25p -0.29%Kofax (KFX) 353.00p -0.28%Consort Medical (CSRT) 891.00p -0.28%

Related Shares

More News
29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results f...

26 Apr 2024 16:19

European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015 *

26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market *

26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.