FTSE 100 movers: NatWest gains; Dechra in the red
London’s FTSE 100 was up 0.2% at 6,939.02 in afternoon trade on Thursday as prime minister Liz Truss bit the dust.
NatWest was up after saying it had entered into a strategic partnership with the Vodeno Group to create a banking-as-a-service business in the UK.
The partnership will enable businesses to embed financial services products such as payments, deposits, point-of-sale credit and merchant cash advances directly in their ecosystem by leveraging Vodeno’s BaaS technology, and NatWest’s banking technology and UK banking licenses.
Bunzl was weaker despite saying that third-quarter revenue rose 18.8% at actual exchange rates and 8.7% at constant exchange rates.
Anglo American fell after saying it had signed a memorandum of understanding with Thyssenkrupp Steel to collaborate on developing new ways to decarbonise steelmaking.
Dechra Pharmaceuticals was also on the back foot after saying it remained on course to meet full-year expectations, despite a slower start to the year.
The veterinary drugs specialist said first quarter trading had, as expected, been below the same period a year earlier. The firm attributed the weaker performance to tough comparatives, after it saw notable growth during the pandemic - when pet ownership boomed - and prices increased.
FTSE 100 - Risers
Harbour Energy (HBR) 385.90p 3.79%
Lloyds Banking Group (LLOY) 42.02p 3.47%
Barratt Developments (BDEV) 351.50p 2.12%
Shell (SHEL) 2,321.00p 2.11%
Pershing Square Holdings Ltd NPV (PSH) 2,775.00p 2.02%
Land Securities Group (LAND) 526.00p 2.02%
Convatec Group (CTEC) 215.80p 1.98%
NATWEST GROUP (NWG) 235.60p 1.95%
Rightmove (RMV) 468.70p 1.85%
BP (BP.) 462.00p 1.48%
FTSE 100 - Fallers
Bunzl (BNZL) 2,698.00p -2.88%
AstraZeneca (AZN) 9,529.00p -2.85%
International Consolidated Airlines Group SA (CDI) (IAG) 114.76p -2.83%
Anglo American (AAL) 2,562.50p -2.57%
Auto Trader Group (AUTO) 504.60p -2.55%
BT Group (BT.A) 124.55p -2.47%
Coca-Cola HBC AG (CDI) (CCH) 1,912.50p -2.40%
Dechra Pharmaceuticals (DPH) 2,546.00p -2.38%
Rio Tinto (RIO) 4,623.50p -2.31%
Vodafone Group (VOD) 98.93p -2.20%