WINNERS & LOSERS: Kingfisher rises; Melrose falls after chemical scare

Tue, 26th May 2026 10:24

(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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Endeavour Mining PLC, up 2.9% at 4,412.50p

Glencore PLC, up 2.8% at 585.05p, JPMorgan raises price target

Kingfisher PLC, up 2.7% at 300.20p, backs outlook despite lower like-for-like sales

International Consolidated Airlines Group PLC, up 2.5% at 406.65p, airline sector rallies

Metlen Energy & Metals PLC, up 2.3% at EUR39.80

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FTSE 100 losers

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Melrose Industries PLC, down 4.9% at 484.90p, says no injuries from US chemical tank incident

Autotrader Group PLC, down 4.5% at 434.20p

Rightmove PLC, down 3.2% at 426.50p

Vodafone Group PLC, down 2.0% at 109.13p, BofA cuts its rating to 'underperform'

BT Group PLC, down 1.1% at 222.30p

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FTSE 250 winners

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Goodwin PLC, up 6.7% at 14,870.00p

Atalaya Mining Copper SA, up 4.9% at 828.25p, earnings fall after rainfall disruption

CVS Group PLC, up 4.4% at 1,252.00p, launches buyback after refinancing

Funding Circle Holdings PLC, up 4.2% at 147.80p

Pan African Resources PLC, up 3.6% at 139.05p

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FTSE 250 losers

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AEP Plantations PLC, down 5.7% at 1,756.00p, Indonesia probes some palm oil companies

Playtech PLC, down 2.9% at 344.90p

Kainos Group PLC, down 2.2% at 861.50p

Harbour Energy PLC, down 1.9% at 279.10p

Trustpilot Group PLC, down 1.7% at 231.70p

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FTSE 100 & 250 movers in focus:

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Kingfisher PLC, up 2.7% at 300.20p, 12-month range 240.30p-372.30p. The London-based home improvement products retailer says like-for-like sales for its first quarter to the end of April decline against a "soft market backdrop" but adds it is on track to deliver its full year guidance. The firm says first quarter sales rose 1.4% to GBP3.30 billion on a reported basis, but fell 0.9% on a like-for-like basis, as it cites a "strong prior year comparator". Underlying sales, excluding calendar and leap-year impact, decline by 0.7%. It still expects adjusted pretax profit between GBP565 million and GBP625 million for the full financial year to the end of January 2027, higher than GBP560 million it had reported for financial 2026.

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Melrose Industries PLC, down 4.9% at 484.90p, 12-month range 452.00p-685.00p. The aerospace and defence business says the evacuation zone around its facility in California had been downsized, as specialists work to resolve "a thermal issue" at the site. Melrose says an issue was identified on Thursday in a tank storing methyl methacrylate at GKN Aerospace's Garden Grove site. The incident prompted local fire authorities to issue mandatory evacuation orders for the surrounding area. Around 50,000 people were evacuated, AFP reported. The evacuation zone has since been reduced, following consultation with "technical specialists, the emergency services and the relevant authorities". Melrose added that on Monday evening, authorities confirmed no injuries, leaks or contamination had occurred as a result of the incident.

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Vodafone Group PLC, down 2.0% at 109.13p, 12-month range 67.55p-122.05p. The Bank of America cuts its rating on the telecommunications provider to 'underperform' from 'neutral'. It lowers the price target to 98 pence from 115p.

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Atalaya Mining Copper SA, up 4.9% at 828.25p, 12-month range 395.00p-1,094.00p. The owner and operator of Proyecto Riotinto copper mine in southwest Spain reports lower first-quarter earnings and copper production, as heavy rainfall in Spain disrupted mining operations earlier in the year. Revenue in the first quarter to March 31 fell 10% to EUR117.3 million from EUR130.7 million a year earlier. Pretax profit fell 5.6% to EUR35.3 million from EUR37.5 million, while earnings before interest, tax, depreciation, and amortisation declined 8.5% to EUR48.0 million from EUR52.5 million. Chief Executive Officer Alberto Lavandeira says: "We delivered solid financial performance in the first-quarter of 2026 despite our lower production during the quarter. Since April, we have recovered a portion of this shortfall and remain focused on making further progress throughout the year." Atalaya says it remains on track to meet full-year production guidance of 50,000 to 54,000 tonnes of copper, although output is currently trending towards the low end of the range.

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CVS Group PLC, up 4.4% at 1,252.00p, 12-month range 1,062.00p-1,648.00p. The veterinary service provider launches a new GBP50 million share buyback programme alongside two small acquisitions and a refinancing of its bank facilities. The firm says its GBP350 million bank debt facilities, which were repayable on February 21, 2028, have been refinanced on improved terms. The new facilities comprise a GBP125 million term loan repayable on May 20, 2030, a revolving credit facility of GBP225 million repayable on the same date, and the existing GBP5 million overdraft facility, renewable annually. CVS says the margin payable on drawn debt has reduced by 20 basis points. CVS launches a GBP50 million share buyback. The firm said the impact on its shares from macroeconomic and UK political uncertainty has been seen in the company's current rating making a buyback of the shares "attractive".

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By Michael Hennessey, Alliance News reporter

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