WINNERS & LOSERS: Energy stocks up; UK banks hit by gilt spikes

Tue, 12th May 2026 10:30

(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Tuesday.

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FTSE 100 winners

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Intertek Group PLC, up 5.8% at 5,267.50 pence, EQT makes GBP9.4 billion "final" bid proposal

British American Tobacco PLC, up 2.5% at 4,489.00p

BP PLC, up 2.4% at 552.00p, supported by higher oil prices

Shell PLC, up 1.7% at 3,181.00p

London Stock Exchange Group PLC, up 1.6% at 9,161.00p

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FTSE 100 losers

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Barclays PLC, down 4.3% at 410.80p, UK political turmoil spills over into equity markets, with UK banks among the biggest fallers

NatWest Group PLC, down 4.1% at 557.90p

Lloyds Banking Group PLC, down 4.0% at 94.45p

Entain PLC, down 3.6% at 507.60p

Airtel Africa PLC, down 3.5% at 405.60p

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FTSE 250 winners

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Greggs PLC, up 4.3% at 1,588.00 pence, sales growth picks up despite "challenging market"

Goodwin PLC, up 4.1% at 12,680.00p

Ithaca Energy PLC, up 3.0% at 278.10p

Harbour Energy PLC, up 2.8% at 289.90p

Man Group PLC, up 1.8% at 274.90p, launches USD50 million buyback programme

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FTSE 250 losers

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Wickes Group PLC, down 11% at 180.70p, wet weather dampens outdoor retail sales

Trustpilot Group PLC, down 5.9% at 245.60p

B&M European Value Retail SA, down 5.7% at 157.90p

Ocado Group PLC, down 5.3% at 185.25p

Kainos Group Ltd, down 4.6% at 773.25p

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FTSE 100 & 250 movers in focus:

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Intertek Group PLC, up 5.8% at 5,267.50 pence, 12-month range 3,519.42p-5,331.91p. Suitor EQT Fund Management Sarl makes what it describes as its "final possible offer" for the assurance, inspection, product testing and certification firm. EQT's final proposal values Intertek at GBP60 per share in cash, or GBP61.077 including a final dividend. Including the dividend, the offer values the company at GBP9.40 billion. The proposal follows a GBP58.00 per share bid made on Friday, which valued Intertek at around GBP8.93 billion. Intertek responded, saying it is reviewing the final proposal with its advisers and will make a further announcement in due course.

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Vodafone Group PLC, down 3.4% at 116.30 pence, 12-month range 67.55p-120.95p. Swings to a pretax profit of EUR1.86 billion in the year ended March 31 from a EUR1.48 billion loss a year earlier, helped by higher revenue and the absence of impairment charges. In financial 2025, Vodafone booked a EUR4.52 billion impairment charge, compared with none in financial 2026. Revenue rises 8.0% to EUR40.46 billion from EUR37.45 billion, driven by service revenue growth and the consolidation of Three UK, partly offset by foreign exchange movements. Service revenue increases 8.8% to EUR33.48 billion, or 5.4% organically, with growth across all segments except Germany. Adjusted Ebitda after leases rises 3.8% to EUR11.35 billion from EUR10.93 billion, and by 4.5% organically. Operating profit improves to EUR2.84 billion from a EUR411 million loss. Vodafone says it achieved the top end of its financial 2026 guidance, with adjusted Ebitda after leases of EUR11.6 billion and adjusted free cash flow of EUR2.6 billion on a guidance basis. It declares total dividends of 4.6125 euro cents per share, up 2.5% from 4.5 cents a year earlier. Chief Executive Margherita Della Valle says: "After the transformation of the last three years, we are now a simpler company with a stronger growth outlook. Our strategic progress has generated good group service revenue momentum for the year, together with profit and cash flow at the upper end of our guidance range...We are now well set for mid-term growth."

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LondonMetric Property PLC, down 2.0% at 183.90 pence, 12-month range 175.30p-216.20p. LondonMetric Property and Schroder Real Estate Investment Trust say they have reached agreement in principle on a non-binding all-share takeover offer for Picton Property Income valuing the company at GBP403.4 million. Under the proposed terms, Picton shareholders would receive 0.190 LondonMetric shares and 0.881 Schroder Real Estate shares per Picton share, implying a value of 78.2p each, a 7.0% premium to Monday's closing price. LondonMetric would acquire 46% of Picton's assets, with Schroder Real Estate taking the remaining 54%. The consortium says the deal is expected to be earnings accretive for both buyers and deliver a material increase in dividend income for Picton shareholders. Picton's board says it would be minded unanimously to recommend the offer, subject to due diligence and agreement on final terms.

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Wickes Group PLC, down 11% at 180.70 pence, 12-month range 178.60p-255.00p. Reports mixed trading as wet weather weighs on retail demand at the start of 2026. The home improvement retailer says revenue in the 17 weeks to April 25 rises 1.3% to GBP537 million, though like-for-like sales fall 0.1%, with weaker outdoor project demand offsetting growth in Design & Installation. Adds it remains comfortable with full-year market expectations for adjusted pretax profit despite continued uncertainty in the trading environment.

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Greggs PLC, up 4.3% at 1,588.00 pence, 12-month range 1,407.20p-2,237.88p. Reports higher sales in the opening weeks of 2026 and maintains full-year expectations. The bakery chain says total sales in the first 19 weeks of the year rise 7.5% to GBP800 million from GBP744 million, while like-for-like sales increase 2.5%, improving to 3.3% growth in the most recent 10 weeks. Adds profit performance has been supported by operational cost control and says its outlook for cost inflation and full-year expectations remains unchanged.

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By Eva Castanedo, Alliance News reporter

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