FTSE 100 movers: Burberry bounces on Kering results; Tui slumps
London's FTSE 100 was up 0.1% to 7,132.70 in afternoon trade on Tuesday.
Luxury fashion brand Burberry was on the rise as fourth-quarter results from Gucci and YSL owner Kering impressed, defying worries about a slowdown in demand from China
Going the other way, Tui was the worst performer as it said losses widened in the first quarter, just days after the tour operator downgraded its full-year earnings outlook on the back of warm weather and the weak pound.
Underlying losses for the group widened to €83.6m in the three months to the end of December 2018 from €36.7m in the same period a year ago. However, revenue for the period rose 4.4% to €3.70bn.
Property investment and development company Segro was under pressure as RBC Capital Markets initiated coverage of the stock at 'sector perform' with a 625p price target.
"We believe the transformation of Segro's business and markets has been dramatic, leaving it very well placed to benefit. However, a 3.5% earnings yield already reflects these improvements in our view, particularly given the lags in landlords typically being able to capture market rent growth."
FTSE 100 - Risers
NMC Health (NMC) 2,694.00p 1.66%
Centrica (CNA) 138.55p 1.32%
Schroders (SDR) 2,690.00p 1.20%
Royal Dutch Shell 'A' (RDSA) 2,454.50p 1.13%
DCC (DCC) 6,581.05p 1.09%
Fresnillo (FRES) 956.80p 1.08%
Royal Dutch Shell 'B' (RDSB) 2,485.50p 1.04%
Hiscox Limited (DI) (HSX) 1,521.00p 0.93%
Burberry Group (BRBY) 1,925.00p 0.86%
SSE (SSE) 1,184.00p 0.85%
FTSE 100 - Fallers
TUI AG Reg Shs (DI) (TUI) 915.20p -4.49%
Sainsbury (J) (SBRY) 286.70p -2.45%
Whitbread (WTB) 4,770.00p -1.79%
Sage Group (SGE) 636.00p -1.79%
SEGRO (SGRO) 640.80p -1.75%
Micro Focus International (MCRO) 1,511.50p -1.69%
United Utilities Group (UU.) 809.60p -1.68%
Barratt Developments (BDEV) 564.60p -1.67%
Morrison (Wm) Supermarkets (MRW) 239.95p -1.54%
Severn Trent (SVT) 1,963.50p -1.48%