FTSE 100 movers: Persimmon goes ex-dividend; Polymetal shines
London’s FTSE 100 was down 0.4% at 6,365.50 in quiet afternoon trade on Thursday, with US markets closed for Thanksgiving.
Persimmon, Imperial Brands, Land Securities and National Grid were all weaker as their stock went ex-dividend.
On the upside, precious metals miner Polymetal International rallied after it acquired a stake in copper and gold exploration group Chesterfield Resources.
The blue chip is investing £2.1m in Chesterfield in return for a 22.5% strategic stake, with 23.33m shares issued at a price of 9p per share, a 16% discount to Wednesday’s closing price.
The deal will make Polymetal - one of the world’s ten largest gold miners - Chesterfield’s largest shareholder and a strategic partner. A representative is expected to take a seat on Chesterfield’s board.
Sales, marketing and support services group DCC was boosted by an upgrade to ‘overweight’ at Morgan Stanley
FTSE 100 - Risers
Flutter Entertainment (FLTR) 13,825.00p 3.95%
Polymetal International (POLY) 1,618.00p 3.52%
DCC (DCC) 5,814.00p 2.83%
Reckitt Benckiser Group (RB.) 6,626.00p 2.82%
B&M European Value Retail S.A. (DI) (BME) 472.80p 2.45%
Fresnillo (FRES) 1,107.50p 1.84%
Avast (AVST) 498.40p 1.71%
London Stock Exchange Group (LSE) 7,848.00p 1.58%
Bunzl (BNZL) 2,337.00p 1.52%
Smith (DS) (SMDS) 331.60p 1.44%
FTSE 100 - Fallers
Persimmon (PSN) 2,702.00p -4.66%
Imperial Brands (IMB) 1,423.50p -4.53%
Intermediate Capital Group (ICP) 1,659.00p -4.49%
International Consolidated Airlines Group SA (CDI) (IAG) 165.10p -3.31%
Land Securities Group (LAND) 671.60p -3.21%
Lloyds Banking Group (LLOY) 36.92p -3.19%
NATWEST GROUP PLC ORD 100P (NWG) 158.30p -3.15%
National Grid (NG.) 883.80p -2.75%
BT Group (BT.A) 122.25p -2.59%
Rolls-Royce Holdings (RR.) 108.05p -2.57%