FTSE 100 movers: Kingfisher surges as French acquisition falls through, miners higher
Kingfisher surged after revealing its deal to acquire French rival Mr Bricolage will not go ahead as a result of shareholder and board opposition to the terms of the deal. Some Mr Bricolage franchisees are thought to fear the store closures that would be necessary for Kingfisher to win regulatory approval of the takeover.
Aerospace and Defence
10,798.84
16:59 23/04/24
Anglo American
2,111.00p
16:40 23/04/24
Antofagasta
2,155.00p
16:55 23/04/24
ARM Holdings
1,700.00p
17:09 02/09/16
Construction & Materials
9,923.42
16:59 23/04/24
CRH (CDI)
6,294.00p
16:40 23/04/24
Food & Drug Retailers
3,784.33
16:59 23/04/24
FTSE 100
8,044.81
16:49 23/04/24
FTSE 350
4,424.29
16:59 23/04/24
FTSE All-Share
4,378.75
17:14 23/04/24
General Retailers
3,912.01
16:59 23/04/24
Glencore
468.50p
16:40 23/04/24
Kingfisher
249.30p
16:40 23/04/24
Mining
10,339.98
16:59 23/04/24
Morrison (Wm) Supermarkets
286.40p
16:55 26/10/21
Rolls-Royce Holdings
417.20p
17:15 23/04/24
Technology Hardware & Equipment
1,920.18
16:30 11/04/24
ARM Holdings rebounded from last week's losses, tracking a wider recovery among semiconductor stocks as Intel Crop. confirmed it was in talks to buy rival Altera Corp.
Rolls-Royce was in demand after its Trent 1000 engines and aftercare support package were selected by Air China to power 15 new Boeing 787-9 Dreamliner aircraft.
Miners Glencore, Antofagasta and Anglo American advanced, tracking a gain in key industrial metals prices. That came after China's central bank hinted at possible rate cuts.
Supermarket group Morrisons was hit with a downgrade to 'neutral' by Goldman Sachs who said that the stock had reached its target price.
CRH was in the red on concerns that investors in Holcim were mot satisfied with the revised deal to merge with Lafarge. The cement maker has agreed to buy assets from Holcim-Lafarge, buy the deal is contingent on the completion of the merger.
Risers
Antofagasta (ANTO) 734.50p +2.73%
Ashtead Group (AHT) 1,099.00p +2.71%
Kingfisher (KGF) 365.70p +2.21%
RSA Insurance Group (RSA) 430.60p +1.75%
Anglo American (AAL) 1,061.00p +1.63%
Glencore (GLEN) 292.75p +1.60%
Royal Dutch Shell 'B' (RDSB) 2,165.00p +1.57%
Standard Chartered (STAN) 1,119.50p +1.50%
Coca-Cola HBC AG (CDI) (CCH) 1,214.00p +1.50%
ARM Holdings (ARM) 1,095.00p +1.48%
Fallers
Smiths Group (SMIN) 1,127.00p -3.01%
Barratt Developments (BDEV) 521.50p -2.71%
BG Group (BG.) 854.70p -2.13%
Persimmon (PSN) 1,632.00p -2.10%
Capita (CPI) 1,119.00p -1.93%
Morrison (Wm) Supermarkets (MRW) 195.30p -1.61%
SSE (SSE) 1,527.00p -1.36%
Taylor Wimpey (TW.) 152.50p -1.36%
Sports Direct International (SPD) 613.50p -1.29%
Imperial Tobacco Group (IMT) 3,067.00p -1.13%