FTSE 100 movers: Centrica slumps; Coca-Cola HBC fizzes higher
London’s FTSE 100 was down 1.3% at 7,437.66 in afternoon trade on Thursday.
British Gas owner Centrica slumped as it blamed the UK government's price cap, nuclear power station outages and lower gas prices for a 35% slump in annual profits. Operating profits fell to £901m from £1.3bn while turnover fell 2% to £26.8bn. The UK's largest energy supplier reported a pre-tax losses of £1.1bn compared with a profit of £575m.
Food delivery service Just Eat Takeaway.com was weaker even as it said it swung to a full year profit as increased scale offset higher investment in its Scoober business.
On the upside, Coca-Cola HBC fizzed higher after well-received full-year results.
Relx rallied as the provider of information-based analytics and decision tools reported a rise in full-year profit and revenue, hiked its dividend and announced the retirement of chairman Anthony Habgood. In the year to the end of December, adjusted operating profit was up 6% to £2.5bn, with revenue up 5% on an underlying basis to £7.9bn.
Relx said the underlying growth rate reflected "good" growth in electronic and face-to-face revenues - which make up 91% of the total - and the further development of its analytics and decision tools, partially offset by continued print revenue declines.
FTSE 100 - Risers
Coca-Cola HBC AG (CDI) (CCH) 2,836.00p 1.90%
Lloyds Banking Group (LLOY) 57.91p 0.82%
Imperial Brands (IMB) 1,853.20p 0.77%
Berkeley Group Holdings (The) (BKG) 5,370.00p 0.67%
Barratt Developments (BDEV) 862.00p 0.65%
BAE Systems (BA.) 660.00p 0.61%
Kingfisher (KGF) 218.10p 0.55%
Relx plc (REL) 2,049.00p 0.49%
Royal Bank of Scotland Group (RBS) 228.90p 0.39%
Auto Trader Group (AUTO) 588.60p 0.34%
FTSE 100 - Fallers
Centrica (CNA) 69.52p -18.00%
Rolls-Royce Holdings (RR.) 669.40p -4.23%
Ocado Group (OCDO) 1,158.50p -4.22%
Pearson (PSON) 561.80p -3.93%
Informa (INF) 757.00p -3.39%
Royal Dutch Shell 'B' (RDSB) 1,956.60p -3.19%
Royal Dutch Shell 'A' (RDSA) 1,947.80p -3.00%
Just Eat Takeaway.Com N.V. (CDI) (JET) 8,015.00p -2.91%
Mondi (MNDI) 1,676.00p -2.81%
BP (BP.) 461.65p -2.73%