FTSE 100 movers: Just Eat rallies again; housebuilders under pressure
London's FTSE 100 was up 0.6% at 7,258.51 in afternoon trade on Wednesday as investors digested the latest Brexit-related shenanigans.
Premier Inn owner Whitbread was up a day after the release of its interim results.
Just Eat was also in the green a day after announcing that it had rejected an unsolicited £4.9bn cash offer from Prosus as it "significantly undervalues" the company. Just Eat said the all-share merger agreed with Takeaway.com in August provides shareholders with greater value creation than the terms of the Prosus offer.
On the downside, housebuilders were under the cosh amid worries about Brexit, with Barratt Developments and Berkeley Group both lower.
Shore Capital analyst Robin Hardy said: "Uncertainty is a killer in the housing market and after the second vote yesterday, we have it now in spades.
"A likely delay past the end of the calendar year and the growing risk of an election now risks many potential buyers deferring until the start (or later) of 2020. This leaves all house builders with a potential hole in their sales, either contributing to FY2019 profits for calendar year end business this year or leaving order books potentially short for next year."
FTSE 100 - Risers
Evraz (EVR) 387.90p 2.03%
CRH (CRH) 2,769.00p 1.95%
Whitbread (WTB) 4,198.00p 1.77%
Standard Life Aberdeen (SLA) 296.60p 1.75%
Sainsbury (J) (SBRY) 215.40p 1.75%
Just Eat (JE.) 744.60p 1.72%
Johnson Matthey (JMAT) 3,056.00p 1.60%
British American Tobacco (BATS) 2,708.60p 1.52%
Kingfisher (KGF) 220.10p 1.43%
Prudential (PRU) 1,423.50p 1.43%
FTSE 100 - Fallers
Hiscox Limited (DI) (HSX) 1,483.00p -2.69%
Hargreaves Lansdown (HL.) 1,725.50p -2.35%
London Stock Exchange Group (LSE) 6,970.00p -2.30%
Fresnillo (FRES) 635.20p -2.28%
Barratt Developments (BDEV) 654.80p -2.09%
St James's Place (STJ) 1,024.00p -2.01%
Rentokil Initial (RTO) 437.00p -1.97%
Berkeley Group Holdings (The) (BKG) 4,454.00p -1.92%
Aveva Group (AVV) 3,882.00p -1.82%
Halma (HLMA) 1,809.00p -1.68%