FTSE 100 movers: TUI rises after broker upgrade
TUI Travel was a strong performer on Thursday thanks to an upgrade from Morgan Stanley to 'overweight' following its merger with TUI AG.
Aberdeen Asset Management
317.60p
17:09 11/08/17
Abrdn
155.20p
16:40 03/05/24
easyJet
541.60p
16:45 03/05/24
FTSE 100
8,213.49
16:59 03/05/24
NATWEST GROUP
305.00p
16:35 03/05/24
Scotland-based businesses such as RBS, Lloyds, Standard Life and Aberdeen Asset Management were among the best performers as investors readied themselves for the outcome of the referendum. RBS and Lloyds both said last week that they would redomicile in London if Scotland voted for independence.
Budget airline Easyjet was in demand after deciding to increase its payout ratio and said it will return 40% of its profits to shareholders from next year. The company also reached a discounted deal with Airbus to exercise existing purchase rights over 27 current-generation A320 aircraft.
Precious metals miners, including Randgold and Fresnillo, were in the red as they tracked metal prices lower.
"Gold has taken another dive [...] after the US Fed increased its interest rate projections, spurring US dollar gains which made the safe haven more expensive," explained Mike van Dulken from Accendo Markets.
SABMiller failed to cheer investors with the news its Namibian operations has produced their first brew, meaning it no longer has to import all its beer from South Africa.
Supermarket stocks Sainsbury and Morrison Supermarkets were also in negative territory.
FTSE 100 - Risers
TUI Travel (TT.) 383.90p +4.63%
Barratt Developments (BDEV) 403.40p +2.91%
Smiths Group (SMIN) 1,299.00p +2.44%
Travis Perkins (TPK) 1,689.00p +2.05%
Persimmon (PSN) 1,378.00p +1.92%
Standard Life (SL.) 417.00p +1.86%
Aberdeen Asset Management (ADN) 435.50p +1.85%
Wolseley (WOS) 3,340.00p +1.77%
Prudential (PRU) 1,426.50p +1.75%
Barclays (BARC) 235.75p +1.73%
FTSE 100 - Fallers
Randgold Resources Ltd. (RRS) 4,429.00p -2.57%
Tullow Oil (TLW) 664.50p -2.49%
Fresnillo (FRES) 783.50p -1.82%
SABMiller (SAB) 3,534.50p -1.19%
Anglo American (AAL) 1,482.00p -1.00%
Sainsbury (J) (SBRY) 280.70p -0.88%
G4S (GFS) 255.60p -0.85%
Burberry Group (BRBY) 1,520.00p -0.78%
Morrison (Wm) Supermarkets (MRW) 176.80p -0.67%
United Utilities Group (UU.) 838.50p -0.65%