FTSE 100 movers: CRH surges on Holcim offer, Weir Group hit by downgrade
UK stocks rebounded from the previous session's sell-off as gains made by tobacco, construction, electronics and utilities stocks outweighed weakness in mining and industrial metals.
Ashtead Group
5,558.00p
16:40 19/04/24
Construction & Materials
9,482.73
17:10 19/04/24
CRH (CDI)
6,252.00p
16:59 19/04/24
Electricity
9,964.26
17:10 19/04/24
Ferguson
16,920.00p
16:54 19/04/24
FTSE 100
7,895.85
16:59 19/04/24
FTSE 250
19,391.30
17:09 19/04/24
FTSE 350
4,341.08
17:09 19/04/24
FTSE All-Share
4,296.41
17:08 19/04/24
Harbour Energy
280.40p
16:40 19/04/24
Household Goods & Home Construction
12,287.29
17:10 19/04/24
Imperial Brands
1,774.00p
16:40 19/04/24
Industrial Engineering
13,663.38
17:10 19/04/24
International Consolidated Airlines Group SA (CDI)
169.50p
16:40 19/04/24
Oil & Gas Producers
9,468.77
17:10 19/04/24
Persimmon
1,286.00p
16:35 19/04/24
Support Services
10,465.25
17:10 19/04/24
Tobacco
26,231.59
17:10 19/04/24
Travel & Leisure
7,521.61
17:10 19/04/24
Travis Perkins
716.00p
16:40 19/04/24
Weir Group
1,980.00p
17:15 19/04/24
As of 13:45, the FTSE 100 was trading points 47.1 points higher at 6,996.
Shares in building materials group CRH surged after finally entering into a binding offer with European cement giants Holcim and Lafarge to buy assets worth €6.5bn as part of their proposed merger.
Others in the building and construction sectors were also in demand, including Ashtead, Travis Perkins, Wolseley and Persimmon.
Imperial Tobacco gained after being given the green light by US trade regulators for its $4.7bn asset purchase from the merging Lorillard and Reynolds. The deal, which still must clear some smaller legal hurdles, is expected to complete within weeks.
IAG was lifted by news that the Irish government agreed to sell its 25% stake in Aer Lingus, allowing the British Airways owner to officially launch its €1.36bn bid for the Irish airline.
Engineer Weir Group was in the red after being hit with a downgrade to 'hold' by analysts at Deutsche Bank.
Risers
Ashtead Group (AHT) 1,216.00p +2.70%
CRH (CRH) 1,823.00p +2.65%
Imperial Tobacco Group (IMT) 3,359.00p +2.28%
Wolseley (WOS) 4,088.00p +2.15%
SSE (SSE) 1,680.00p +2.13%
Travis Perkins (TPK) 2,238.00p +2.10%
easyJet (EZJ) 1,648.00p +1.98%
Smiths Group (SMIN) 1,216.00p +1.93%
G4S (GFS) 303.00p +1.92%
InterContinental Hotels Group (IHG) 2,774.00p +1.80%
Fallers
Old Mutual (OML) 226.80p -1.82%
Glencore (GLEN) 285.60p -1.43%
Weir Group (WEIR) 1,979.00p -1.15%
SABMiller (SAB) 3,528.00p -0.83%
Anglo American (AAL) 1,028.00p -0.82%
BHP Billiton (BLT) 1,364.50p -0.76%
Fresnillo (FRES) 730.50p -0.75%
Mondi (MNDI) 1,492.00p -0.67%
Sainsbury (J) (SBRY) 255.80p -0.20%
Hikma Pharmaceuticals (HIK) 2,080.00p -0.14%