FTSE 100 movers: TUI drops on results; NMC Health retreats again
London's FTSE 100 was up 0.4% at 7,252.86 in afternoon trade on Tuesday, moving into the green on news that the US is delaying a 10% tariff on some Chinese imports that was due to kick in next month and removing some items from the list altogether.
UAE-based healthcare operator NMC Health was under pressure again. The company put out statement last week to reassure investors after its shares fell sharply. It insisted that it was trading in line with management expectations and backed its full-year guidance.
The company said on Thursday that following a "good" performance in the first half of the year, the business remains in line with management expectations on all key metrics including revenue, EBITDA, net income, leverage, cash flow conversion and working capital.
Travel and tourism operator TUI was also in the red, having gained earlier in the day after the release of its third-quarter results.
Underlying third-quarter core earnings fell 46% year-on-year to €100.9m (£93.7m), with a charge of €144m relating to costs from groundings of Boeing's 737 MAX jet after two fatal crashes this year. The company said it expected the full year impact of the groundings would be €300m.
TUI maintained its outlook for the full year and said it would focus on emerging economies "with growing middle classes".
FTSE 100 - Risers
Vodafone Group (VOD) 150.58p 1.52%
ITV (ITV) 107.85p 1.17%
British Land Company (BLND) 479.50p 1.03%
Mondi (MNDI) 1,604.00p 0.75%
SSE (SSE) 1,117.50p 0.72%
Flutter Entertainment (FLTR) 6,642.00p 0.64%
United Utilities Group (UU.) 764.40p 0.61%
Reckitt Benckiser Group (RB.) 6,164.00p 0.60%
GlaxoSmithKline (GSK) 1,678.40p 0.55%
CRH (CRH) 2,665.00p 0.53%
FTSE 100 - Fallers
NMC Health (NMC) 1,808.00p -5.34%
Auto Trader Group (AUTO) 517.20p -3.87%
TUI AG Reg Shs (DI) (TUI) 781.40p -3.60%
Hargreaves Lansdown (HL.) 1,930.50p -3.28%
Schroders (SDR) 2,702.00p -3.05%
Ashtead Group (AHT) 2,113.00p -2.90%
Evraz (EVR) 550.00p -2.52%
International Consolidated Airlines Group SA (CDI) (IAG) 437.70p -2.47%
Micro Focus International (MCRO) 1,601.20p -2.46%
Spirax-Sarco Engineering (SPX) 7,735.00p -2.34%