FTSE 100 movers: HSBC soars on potential high street spin-off, house builders lower
HSBC surged as reports emerged that it may spin-off its UK high street banking business, ahead of a review of its headquarters' location.
Banks
3,996.57
17:09 24/04/24
Barratt Developments
449.20p
16:40 24/04/24
Food & Drug Retailers
3,798.88
17:09 24/04/24
FTSE 100
8,040.38
16:34 24/04/24
FTSE 350
4,419.71
17:09 24/04/24
FTSE All-Share
4,374.06
16:44 24/04/24
Household Goods & Home Construction
12,474.80
17:09 24/04/24
HSBC Holdings
663.60p
16:35 24/04/24
ITV
70.30p
16:44 24/04/24
Life Insurance
5,833.57
17:09 24/04/24
Media
11,814.38
17:09 24/04/24
Prudential
735.20p
17:15 24/04/24
Standard Chartered
679.20p
16:35 24/04/24
Taylor Wimpey
131.40p
16:34 24/04/24
Tesco
291.40p
16:40 24/04/24
Asia-facing bank Standard Chartered, also situated in London, rose on speculation it could follow suit with a move out of the capital.
Prudential was making gains as analysts at Jeffries lifted their price target from 1964p to 1978p and reiterated their 'buy' rating on the stock.
Tesco topped the fallers in the wake of Friday's credit ratings downgrade from Fitch.
ITV was in the red as Ofcom announced changes to the cost of entering phone-ins, competitions and votes on TV and radio programmes.
Property stocks including Taylor Wimpey and Barratt Developments were trading lower on looming election uncertainty, as Labour's 'mansion tax' threatens to affect the house builders' premium trade.
Risers
Standard Chartered (STAN) 1,114.50p +4.16%
HSBC Holdings (HSBA) 653.30p +3.75%
Hargreaves Lansdown (HL.) 1,221.00p +3.39%
Prudential (PRU) 1,667.00p +2.14%
Sports Direct International (SPD) 625.50p +2.04%
GlaxoSmithKline (GSK) 1,565.50p +2.02%
Whitbread (WTB) 5,435.00p +1.87%
Associated British Foods (ABF) 2,820.00p +1.77%
Anglo American (AAL) 1,101.00p +1.76%
International Consolidated Airlines Group SA (CDI) (IAG) 581.50p +1.66%
Fallers
Aggreko (AGK) 1,647.00p -1.50%
Marks & Spencer Group (MKS) 546.50p -1.44%
Tesco (TSCO) 221.70p -1.38%
Taylor Wimpey (TW.) 167.20p -1.18%
Barratt Developments (BDEV) 535.00p -1.11%
ITV (ITV) 266.80p -1.04%
Smith & Nephew (SN.) 1,173.00p -0.93%
SSE (SSE) 1,593.00p -0.75%
Weir Group (WEIR) 1,742.00p -0.74%
BT Group (BT.A) 464.50p -0.66%