FTSE 100 movers: Weir Group up on bid speculation, Miners lower on weak precious metal prices
Shares in British engineering giant Weir Group rose on the back of market chatter that a cash-rich private equity consortium in the US is looking to table a 2,500p per share break-up offer for the group, compared with current prices at around 1,800p.
Fresnillo
562.50p
12:34 08/05/24
Friends Life Group Limited
429.40p
15:24 10/04/15
FTSE 100
8,334.73
12:35 08/05/24
FTSE 350
4,580.65
12:35 08/05/24
FTSE All-Share
4,532.89
12:35 08/05/24
Industrial Engineering
13,994.12
12:29 08/05/24
ITV
73.10p
12:29 08/05/24
Life Insurance
5,985.45
12:34 08/05/24
Media
12,287.21
12:34 08/05/24
Mining
10,308.16
12:25 08/05/24
Mobile Telecommunications
1,820.97
16:59 24/01/22
Randgold Resources Ltd.
6,546.00p
17:00 28/12/18
Vodafone Group
67.14p
12:35 08/05/24
Weir Group
2,096.00p
12:35 08/05/24
ITV continued higher on Thursday’s raised price targets from Berenberg, JP Morgan Cazenove and Nomura.
Precious metal miners such as Fresnillo and Randgold were in the red as gold and silver prices weakened.
Friends Life declined a reversal from yesterday’s gains on the back of strong full year results ahead of a planned merger with Aviva next month.
Vodafone, who today announced a minimum global maternity policy of 16 weeks with full pay, was also trading lower.
Risers
Weir Group (WEIR) 1,823.00p +4.83%
Sports Direct International (SPD) 682.00p +1.56%
BG Group (BG.) 935.10p +1.40%
Standard Chartered (STAN) 1,028.50p +1.38%
Hargreaves Lansdown (HL.) 1,166.00p +1.30%
ITV (ITV) 244.10p +1.29%
Shire Plc (SHP) 5,250.00p +0.96%
WPP (WPP) 1,547.00p +0.78%
Legal & General Group (LGEN) 279.90p +0.76%
Rolls-Royce Holdings (RR.) 990.50p +0.56%
Fallers
Randgold Resources Ltd. (RRS) 4,635.00p -4.16%
Intu Properties (INTU) 348.50p -3.78%
Fresnillo (FRES) 709.00p -3.73%
Hammerson (HMSO) 669.00p -2.76%
British Land Co (BLND) 841.50p -2.43%
Anglo American (AAL) 1,138.00p -2.28%
International Consolidated Airlines Group SA (CDI) (IAG) 550.00p -2.14%
Land Securities Group (LAND) 1,264.00p -2.09%
Vodafone Group (VOD) 221.85p -1.94%
Imperial Tobacco Group (IMT) 3,225.00p -1.83%