FTSE 100 movers: IHG boosted by broker note; Vodafone goes ex-div
London’s FTSE 100 was up 0.1% at 7,294.27 in afternoon trade on Thursday.
InterContinental Hotels was boosted by an upgrade to ‘buy’ from ‘underperform’ at Jefferies, which said it was its preferred US play.
Premier Inn owner Whitbread was also on the rise. Jefferies cut its price target on the shares to 3,600p from 4,000p but maintained a ‘buy’ recommendation.
Jefferies said that after a lacklustre 2021, European hotel shares are likely to perform well in 2022.
On the downside, Vodafone and Imperial Brands were weaker as they traded without entitlement to the dividend .
FTSE 100 - Risers
InterContinental Hotels Group (IHG) 5,046.00p 2.83%
Compass Group (CPG) 1,572.00p 2.41%
Whitbread (WTB) 3,092.00p 2.25%
St James's Place (STJ) 1,584.00p 2.16%
Ashtead Group (AHT) 6,270.00p 1.79%
Polymetal International (POLY) 1,363.50p 1.72%
B&M European Value Retail S.A. (DI) (BME) 623.60p 1.56%
Scottish Mortgage Inv Trust (SMT) 1,492.50p 1.39%
Hargreaves Lansdown (HL.) 1,460.50p 1.35%
Coca-Cola HBC AG (CDI) (CCH) 2,483.00p 1.35%
FTSE 100 - Fallers
Vodafone Group (VOD) 113.14p -3.94%
Ocado Group (OCDO) 1,737.50p -2.06%
Imperial Brands (IMB) 1,586.00p -1.92%
Rightmove (RMV) 744.20p -1.61%
Evraz (EVR) 585.60p -1.45%
Glencore (GLEN) 370.10p -1.44%
Rio Tinto (RIO) 4,652.50p -1.39%
Kingfisher (KGF) 324.50p -1.19%
DCC (CDI) (DCC) 5,740.00p -0.90%
Anglo American (AAL) 2,840.50p -0.89%