FTSE 100 movers: IAG soars on higher operating earnings, Intu properties drops on lower rents
British Airways owner International Consolidated Airlines flew to the top of the risers after reporting operating earnings 80.5% higher at £1.4bn for 2014, thanks partly to cheaper fuel, while its Iberia division swung from a loss to a profit. Chief executive Willie Walsh said the Spanish unit’s “turnaround has been remarkable”.
Banks
4,215.47
16:54 03/05/24
FTSE 100
8,213.49
16:59 03/05/24
FTSE 350
4,515.50
16:54 03/05/24
FTSE All-Share
4,469.09
17:14 03/05/24
General Retailers
3,936.57
16:54 03/05/24
International Consolidated Airlines Group SA (CDI)
178.65p
16:40 03/05/24
Intu Properties
1.78p
13:56 29/06/20
Kingfisher
248.70p
16:35 03/05/24
Media
11,969.28
16:54 03/05/24
NATWEST GROUP
305.00p
16:35 03/05/24
Pearson
987.40p
16:40 03/05/24
Real Estate Investment Trusts
2,309.39
16:54 03/05/24
Standard Chartered
755.00p
16:49 03/05/24
Travel & Leisure
7,674.56
16:54 03/05/24
Standard Chartered continued to rise after unveiling a boardroom shake-up, prompting Canaccord Genuity to lift its rating on the stock from ’sell’ to ‘hold’.
Kingfisher was boosted by rumours the B&Q owner could be a bid target, as well as weak results from overseas rivals Saint-Gobain and Loew.
Closing out a two-year restructuring programme, Pearson delivered results broadly in line with expectations and expressed confidence about returning to earnings growth in 2015 as its markets stabilise, helping shares higher.
UK shopping centre owner Intu Properties was trading lower after a fall in rents led to a 2.9% fall in underlying earnings per share, disappointing the City which had expected no change.
RBS declined after missing forecasts with its annual results on Thursday, prompting JP Morgan Cazenove to cut its price target on the stock from 400p to 385p.
Risers
International Consolidated Airlines Group SA (CDI) (IAG) 579.00p +3.49%
Standard Chartered (STAN) 1,007.50p +3.23%
InterContinental Hotels Group (IHG) 2,662.00p +2.58%
Associated British Foods (ABF) 3,122.00p +2.39%
Pearson (PSON) 1,426.00p +2.15%
Imperial Tobacco Group (IMT) 3,187.00p +1.89%
Kingfisher (KGF) 366.10p +1.61%
Intertek Group (ITRK) 2,508.00p +1.54%
Coca-Cola HBC AG (CDI) (CCH) 1,165.00p +1.30%
Reckitt Benckiser Group (RB.) 5,865.00p +1.30%
Fallers
Intu Properties (INTU) 356.30p -4.35%
Royal Bank of Scotland Group (RBS) 370.70p -4.11%
Weir Group (WEIR) 1,703.00p -1.79%
Fresnillo (FRES) 811.00p -1.58%
Barclays (BARC) 258.35p -1.43%
Meggitt (MGGT) 545.50p -1.36%
Reed Elsevier (REL) 1,117.00p -1.15%
Sainsbury (J) (SBRY) 272.00p -1.13%
Royal Mail (RMG) 422.10p -1.12%
GKN (GKN) 364.10p -1.11%