FTSE 100 movers: Shell rallies again; housebuilders head lower

London's FTSE 100 was up 0.9% at 7,893.62 in afternoon trade on Friday as investors mulled a much stronger than expected US non-farm payrolls report.

Oil giant Shell was the standout gainer on the index, rising for the second day in a row after it posted record annual profits on Thursday.

Discount retailer B&M European Value Retail was also in the black after an upgrade to ‘buy’ from ‘hold’ at Deutsche Bank, which lifted its price target to 580p from 460p.

BT Group gained after Ofcom said it was minded to back the company’s planned Openreach wholesale prices, arguing they were not anti-competitive.

Housebuilders were on the back foot, with Persimmon, Berkeley, Barratt and Taylor Wimpey all weaker.

FTSE 100 - Risers

Shell (SHEL) 2,422.50p 3.34%
Reckitt Benckiser Group (RKT) 5,788.00p 2.81%
B&M European Value Retail S.A. (DI) (BME) 488.80p 2.56%
Smith & Nephew (SN.) 1,179.00p 2.44%
Glencore (GLEN) 556.70p 2.07%
Haleon (HLN) 324.80p 1.90%
JD Sports Fashion (JD.) 184.90p 1.76%
BP (BP.) 488.05p 1.67%
BT Group (BT.A) 134.35p 1.62%
Airtel Africa (AAF) 112.90p 1.53%

FTSE 100 - Fallers

SEGRO (SGRO) 883.20p -3.78%
Persimmon (PSN) 1,477.50p -3.56%
Berkeley Group Holdings (The) (BKG) 4,315.00p -2.88%
Vodafone Group (VOD) 92.18p -2.68%
Ocado Group (OCDO) 720.80p -2.40%
Barratt Developments (BDEV) 471.70p -2.27%
Taylor Wimpey (TW.) 123.65p -2.13%
NATWEST GROUP (NWG) 304.40p -1.81%
Experian (EXPN) 3,108.00p -1.58%
St James's Place (STJ) 1,284.00p -1.49%