FTSE 100 movers: Melrose rallies on results; Barratt falls
London’s FTSE 100 was flat at 7,153.10 in afternoon trade on Thursday.
GKN owner Melrose Industries was the standout gainer after saying it was trading ahead of expectations as the turnaround company reported a narrower loss for the first half of 2021. The company reported a statutory pre-tax loss of £151m for the six months to the end of June compared with a £585m loss a year earlier as revenue rose to £3.54bn from £3.39bn.
On the downside, BHP and Admiral both lost ground as they traded without entitlement to the dividend.
Barratt Developments was also weaker despite reporting a 65% jump in full-year profit amid "strong" demand. In the year to 30 June, pre-tax profit rose to £812.2m from £491.8m the year before, with revenues up 40.7% at £4.8bn. Meanwhile, total completions were 36.8% higher at 17,243.
FTSE 100 - Risers
Melrose Industries (MRO) 183.72p 6.89%
Prudential (PRU) 1,529.00p 3.24%
Weir Group (WEIR) 1,778.00p 2.69%
Evraz (EVR) 598.80p 2.25%
Royal Mail (RMG) 493.30p 1.56%
Pershing Square Holdings Ltd NPV (PSH) 2,680.00p 1.52%
Spirax-Sarco Engineering (SPX) 16,530.00p 1.44%
Royal Dutch Shell 'B' (RDSB) 1,443.00p 1.36%
BP (BP.) 298.15p 1.33%
Royal Dutch Shell 'A' (RDSA) 1,445.60p 1.22%
FTSE 100 - Fallers
BHP Group (BHP) 2,096.00p -6.05%
Barratt Developments (BDEV) 705.20p -5.06%
Admiral Group (ADM) 3,470.00p -4.33%
BT Group (BT.A) 163.75p -2.91%
B&M European Value Retail S.A. (DI) (BME) 543.60p -2.05%
Unilever (ULVR) 3,968.50p -1.87%
Taylor Wimpey (TW.) 179.45p -1.54%
Berkeley Group Holdings (The) (BKG) 4,781.00p -1.38%
M&G (MNG) 205.60p -1.34%
Abrdn (ABDN) 262.60p -1.32%