FTSE 100 movers: LSE recovers some ground; Rightmove retreats
London’s FTSE 100 was up 0.3% at 7,162.67 in afternoon trade on Wednesday amid renewed hopes over a Sino-US trade deal.
London Stock Exchange was the standout gainer, having fallen sharply on Tuesday after Hong Kong Exchanges and Clearing said it was ditching its £32bn offer for the company.
JPMorgan resumed coverage of LSE shares at ‘overweight’. It said the combination with Refinitiv "complements the existing LSEG business by increasing geographical exposure/recurring revenue streams and elevates the LSEG’s position in the global market infrastructure space".
Hargreaves Lansdown was also on the rise after a re-initiation at ‘buy’ by Liberum.
BT was also on the front foot as it outlined a series of upgrades and new initiatives and a major update to its broadband service.
On the downside, shares of online property portal Rightmove were under pressure, with some traders attributing the move lower to Brexit worries.
FTSE 100 - Risers
London Stock Exchange Group (LSE) 7,186.00p 2.36%
Hargreaves Lansdown (HL.) 1,805.00p 1.89%
Anglo American (AAL) 1,849.00p 1.79%
Imperial Brands (IMB) 1,869.80p 1.54%
BT Group (BT.A) 178.72p 1.46%
CRH (CRH) 2,641.00p 1.38%
Land Securities Group (LAND) 831.80p 1.36%
Carnival (CCL) 3,119.00p 1.23%
Rolls-Royce Holdings (RR.) 735.20p 1.21%
BP (BP.) 507.30p 1.14%
FTSE 100 - Fallers
Rightmove (RMV) 525.60p -2.27%
Centrica (CNA) 67.82p -2.25%
Halma (HLMA) 1,892.00p -2.17%
Next (NXT) 5,866.00p -1.68%
Pearson (PSON) 697.60p -1.44%
Fresnillo (FRES) 679.80p -1.31%
Taylor Wimpey (TW.) 144.00p -1.30%
United Utilities Group (UU.) 790.80p -1.20%
Sainsbury (J) (SBRY) 204.40p -1.16%
Phoenix Group Holdings (PHNX) 656.60p -1.14%