FTSE 100 movers: Kingfisher surges on store closures, tobacco stocks lower
DIY retailer Kingfisher soared as it impressed investors with plans to close 60 stores, as new chief executive Véronique Laury announced full-year results and set out her plans for a "very different" company. The company announced a £200m cash return for the coming financial year as it revealed adjusted annual profits fell 7.5% to £675m last year.
Aerospace and Defence
10,383.65
17:10 19/04/24
Antofagasta
2,250.00p
16:35 19/04/24
Babcock International Group
502.00p
16:40 19/04/24
British American Tobacco
2,310.00p
17:15 19/04/24
Experian
3,198.00p
16:34 19/04/24
FTSE 100
7,895.85
16:59 19/04/24
FTSE 350
4,341.08
17:09 19/04/24
FTSE All-Share
4,296.41
17:08 19/04/24
General Retailers
3,864.64
17:09 19/04/24
Imperial Brands
1,774.00p
16:40 19/04/24
Kingfisher
245.60p
16:45 19/04/24
Meggitt
798.80p
16:52 12/09/22
Mining
10,765.51
17:10 19/04/24
Support Services
10,465.25
17:10 19/04/24
Tobacco
26,231.59
17:10 19/04/24
Experian was boosted as it bought back 200,000 ordinary shares on Monday, to be held in treasury.
Babcock continued higher on Monday's announcement that full year results are expected to be in line with guidance offered in February.
Antofagasta made losses among other miners as it quashed rumours that it was looking to merge with copper producing peer Teck Resources.
British American Tobacco and Imperial Tobacco were in the red on concerns that the Lorrillard-Reynolds merger will fall apart. Reynolds shareholder BAT had agreed to invest $4.7bn and was hoping to keep a 42% stake in the enlarged business, while Imperial was set to spend $7.1bn on a number of assets that the two US groups were selling.
Meggitt was out of favour after Exane BNP Paribas initiated coverage of the stock with an 'underperform' rating, saying it sees downside at current prices despite ongoing bid speculation.
Risers
Kingfisher (KGF) 377.40p +3.45%
Babcock International Group (BAB) 985.00p +2.28%
Carnival (CCL) 3,302.00p +0.86%
Tesco (TSCO) 243.00p +0.85%
Experian (EXPN) 1,128.00p +0.62%
Persimmon (PSN) 1,657.00p +0.61%
Marks & Spencer Group (MKS) 540.50p +0.46%
Travis Perkins (TPK) 1,946.00p +0.31%
Weir Group (WEIR) 1,715.00p +0.18%
G4S (GFS) 294.50p +0.14%
Fallers
Imperial Tobacco Group (IMT) 2,947.00p -3.94%
Meggitt (MGGT) 545.50p -3.11%
Anglo American (AAL) 1,028.50p -2.97%
Standard Chartered (STAN) 1,087.00p -2.95%
British American Tobacco (BATS) 3,493.00p -2.82%
Unilever (ULVR) 2,816.00p -2.46%
SABMiller (SAB) 3,524.50p -2.25%
Diageo (DGE) 1,859.50p -2.23%
BT Group (BT.A) 438.45p -2.19%
BHP Billiton (BLT) 1,479.50p -2.15%