FTSE 100 movers: Airline stocks take off; Rentokil disappoints

IAG shares were in demand in London as oil prices continued to retreat, providing lift to the airline sector.

Budget airline easyJet was a high riser, gaining 2% after reporting that its winter losses narrowed by more than £50m over the six months through March despite challenges like fuel cost inflation and Middle East tensions impacting results.

Meanwhile, financial stocks such as Prudential, Phoenix, St James's Place, Beazley and Standard Chartered were also among the best performers on the FTSE 100.

Leading the fallers was Rentokil Initial after underwhelming investors with a 4.9% increase in first-quarter revenue. Shares fell 3%.

Market Movers

FTSE 100 - Risers

International Consolidated Airlines Group SA (CDI) (IAG) 167.95p 4.51%
easyJet (EZJ) 536.60p 3.55%
Prudential (PRU) 710.60p 2.66%
Beazley (BEZ) 667.00p 2.38%
Standard Chartered (STAN) 657.40p 2.21%
SSE (SSE) 1,647.50p 1.73%
National Grid (NG.) 1,030.00p 1.68%
Diageo (DGE) 2,844.50p 1.63%
B&M European Value Retail S.A. (DI) (BME) 519.60p 1.37%
Coca-Cola HBC AG (CDI) (CCH) 2,418.00p 1.26%

FTSE 100 - Fallers

Rentokil Initial (RTO) 417.20p -6.65%
BAE Systems (BA.) 1,284.00p -2.73%
Ocado Group (OCDO) 339.00p -2.64%
Experian (EXPN) 3,206.00p -2.29%
Spirax-Sarco Engineering (SPX) 9,235.00p -2.28%
Unite Group (UTG) 917.50p -2.24%
Croda International (CRDA) 4,809.00p -2.00%
Burberry Group (BRBY) 1,123.50p -1.96%
Intermediate Capital Group (ICG) 2,016.00p -1.66%
Scottish Mortgage Inv Trust (SMT) 813.80p -1.64%