FTSE 100 movers: Big Oil, Compass pace declines
London's top-flight index ended the third quarter on a down note, slipping 0.53% to 5,866.1, partly due to a late sprint higher in Sterling of 0.3% to 1.2901 against the US dollar.
Another headwind for the FTSE 100 was continued selling pressure in crude oil futures amid reports that Libyan oil production was slowly recovering.
Brent crude oil futures were thus 0.46% weaker at the session close, with investors for the moment looking past the violent clashes between Armenian and Azeri forces in the contested Nagorno Karabakh region.
Also weighing on Big Oil was a pre-quarter update for the three months to September from Shell, with the company predicting that both its upstream and downstream operations would be under pressure.
But it was Compass that was at the bottom of the pile after the food services group said that annual revenues would fall by almost a fifth and that it would take a £100m impairment charge as it reviewed contracts in response to the Covid-19 pandemic's impact.
Market Movers
FTSE 100 (UKX) 5,866.10 -0.53%
FTSE 100 - Risers
International Consolidated Airlines Group SA (CDI) (IAG) 93.88p 4.42%
Taylor Wimpey (TW.) 108.70p 3.04%
Land Securities Group (LAND) 522.60p 1.97%
British Land Company (BLND) 336.30p 1.90%
3i Group (III) 999.60p 1.88%
JD Sports Fashion (JD.) 809.40p 1.81%
Legal & General Group (LGEN) 188.90p 1.73%
Smith & Nephew (SN.) 1,516.50p 1.57%
M&G (MNG) 159.50p 1.56%
Evraz (EVR) 344.60p 1.41%
FTSE 100 - Fallers
Rolls-Royce Holdings (RR.) 130.00p -7.41%
Ocado Group (OCDO) 2,748.00p -5.22%
GVC Holdings (GVC) 974.00p -3.94%
Compass Group (CPG) 1,169.00p -3.23%
B&M European Value Retail S.A. (DI) (BME) 496.10p -3.04%
Prudential (PRU) 1,107.50p -2.38%
Burberry Group (BRBY) 1,554.00p -2.36%
United Utilities Group (UU.) 860.40p -2.33%
Rentokil Initial (RTO) 535.60p -2.23%
Avast (AVST) 527.00p -2.14%