London close: FTSE mixed as Unilever flies after rebuffed Kraft Heinz bid

Digital Look Sharecast | 17 Feb, 2017 17:49 | | |

0cb1153
  • 474.55
  • 0.31%1.45
  • Max: 475.70
  • Min: 469.03
  • Volume: 29,843,954
  • MM 200 : n/a
17:20 26/05/17
  • 1,643.50
  • 1.58%25.50
  • Max: 1,649.50
  • Min: 1,626.50
  • Volume: 9,179,023
  • MM 200 : n/a
17:20 26/05/17
  • 3,680.50
  • 0.63%23.00
  • Max: 3,693.00
  • Min: 3,648.00
  • Volume: 1,206,410
  • MM 200 : n/a
17:25 26/05/17
  • 1,052.50
  • -0.47%-5.00
  • Max: 1,066.00
  • Min: 1,049.05
  • Volume: 5,048,416
  • MM 200 : n/a
17:20 26/05/17
  • 824.50
  • -0.12%-1.00
  • Max: 827.50
  • Min: 811.50
  • Volume: 2,603,790
  • MM 200 : n/a
17:18 26/05/17
  • 2,950.00
  • -0.64%-19.00
  • Max: 2,972.00
  • Min: 2,937.00
  • Volume: 777,089
  • MM 200 : n/a
17:18 26/05/17
  • 7,869.00
  • 0.92%72.00
  • Max: 7,869.00
  • Min: 7,750.00
  • Volume: 1,130,168
  • MM 200 : n/a
17:20 26/05/17
  • 4,651.50
  • -1.83%-86.50
  • Max: 4,734.00
  • Min: 4,642.00
  • Volume: 3,658,827
  • MM 200 : n/a
17:20 26/05/17
  • 2,118.00
  • 0.31%6.50
  • Max: 2,128.81
  • Min: 2,100.10
  • Volume: 4,954,659
  • MM 200 : n/a
17:20 26/05/17
  • 4,310.50
  • 0.96%41.00
  • Max: 4,317.00
  • Min: 4,275.50
  • Volume: 3,915,601
  • MM 200 : n/a
17:20 26/05/17
  • 2,166.50
  • 0.25%5.50
  • Max: 2,174.50
  • Min: 2,147.00
  • Volume: 4,193,103
  • MM 200 : n/a
17:20 26/05/17
  • 2,415.82
  • 0.48%11.43
  • Max: 2,416.68
  • Min: 2,412.20
  • Volume: 0
  • MM 200 : n/a
21:27 26/05/17
  • 7,547.63
  • 0.40%29.92
  • Max: 7,554.21
  • Min: 7,514.39
  • Volume: 0
  • MM 200 : n/a
17:25 26/05/17
  • 5,788.36
  • 0.17%9.98
  • Max: 5,790.19
  • Min: 5,771.71
  • Volume: 0
  • MM 200 : n/a
23:26 26/05/17
  • 3,630.91
  • 0.68%24.36
  • Max: 3,634.02
  • Min: 3,606.55
  • Volume: 0
  • MM 200 : n/a
17:30 26/05/17
  • 1,537.41
  • -0.19%-2.89
  • Max: 1,538.29
  • Min: 1,529.24
  • Volume: 0
  • MM 200 : n/a
17:30 26/05/17
  • 14,949.45
  • 0.34%50.71
  • Max: 15,017.74
  • Min: 14,843.00
  • Volume: 0
  • MM 200 : n/a
17:30 26/05/17
  • 7,910.23
  • 0.27%21.41
  • Max: 7,933.37
  • Min: 7,843.85
  • Volume: 0
  • MM 200 : n/a
17:30 26/05/17
  • 8,548.79
  • -0.87%-75.02
  • Max: 8,627.50
  • Min: 8,499.59
  • Volume: 0
  • MM 200 : n/a
17:30 26/05/17
  • 14,493.87
  • 0.41%58.75
  • Max: 14,561.99
  • Min: 14,435.12
  • Volume: 0
  • MM 200 : n/a
17:30 26/05/17
  • 61,335.30
  • 1.46%883.10
  • Max: 61,467.64
  • Min: 60,427.64
  • Volume: 0
  • MM 200 : n/a
17:30 26/05/17
  • 4,187.61
  • 0.38%15.81
  • Max: 4,190.68
  • Min: 4,170.95
  • Volume: 0
  • MM 200 : n/a
17:30 26/05/17
  • 4,130.15
  • 0.38%15.47
  • Max: 4,132.82
  • Min: 4,113.86
  • Volume: 0
  • MM 200 : n/a
17:19 26/05/17
  • 4,673.33
  • 0.55%25.67
  • Max: 4,676.22
  • Min: 4,645.02
  • Volume: 0
  • MM 200 : n/a
17:30 26/05/17
  • 19,025.51
  • 0.19%36.92
  • Max: 19,036.59
  • Min: 18,937.47
  • Volume: 0
  • MM 200 : n/a
17:30 26/05/17
  • 92.99
  • 0.19%0.18
  • Max: 93.09
  • Min: 92.52
  • Volume: 1,305,592
  • MM 200 : n/a
23:26 26/05/17
  • 1,718.10
  • 0.61%10.40
  • Max: 1,718.10
  • Min: 1,717.00
  • Volume: n/a
  • MM 200 : n/a
22:12 25/05/17

London stocks closed mixed after a Friday session that saw blue-chip consumer goods giant Unilever fly higher after it slapped away a $143bn offer from Kraft Heinz, which has indicated it will return to the table.

The rebuffed offer -- $50 a share in a mix of cash and shares -- was at an 18% premium to Unilever's closing price on Thursday. The Dove soap owner's shares bubbled up more than 13%, which helped pull UK blue chips higher overall.

"Big ticket M&A has enlivened up an otherwise relatively dull afternoon," said IG chief market analyst Chris Beauchamp, referring to the Unilever-Kraft story.

"Backed by Warren Buffett, Kraft is likely to return for another tilt at the prize, with a bid of this size unlikely to have been made without careful consideration."

It was the jewel in an otherwise bland session that saw the FTSE 100 close up 0.19% to 7,291.54, and the FTSE 250 end down 0.16% to 18,675.47.

The FTSE 350 index for personal goods, which included Unilever, rose by more than 11%.

Other 350 indices figuring higher included household goods, food producers, fixed-line telecommunications and pharmaceuticals & biotechnology.

Reckitt Benckiser got a boost from the Unilever story, with Associated British Foods and Imperial Brands also advancing. Shire and Glaxosmithkline also rose, as did property stocks.

However, those for mining, industrial metals and oil & gas producers were notably lower, as were those for food & drug retailers and general retailers.

The latter sectors suffered after official data revealed UK retail sales fell unexpectedly in January, suggesting consumers were reining in spending in the face of rising inflation.

"Mining and oil and gas stocks have been the major losers today as slightly weaker copper and oil prices weigh on both sectors," said Michael Hewson, chief market analyst at CMC Markets UK.

Miners were softening after Anglo American and Antofagasta; Shell led the oil majors lower and was followed by BP; lowest of all was Standard Chartered, a week away from its annual results, as it headed a band of retreating banks and other financials.

All of this as European indices the Euro Stoxx 50, DAX and CAC 40 plotted a dreary course south, with political unease a key contributory factor.

"French bond yields continue their recent rise on reports that French socialist candidate Benoit Hamon is considering merging his campaign with far left candidate Jean-Luc Melenchon under a single banner," said Hewson.

"The markets are interpreting this as making a (euro-sceptic Marine) Le Pen victory much more likely."

Meantime, on Wall St, key equities ladders were heading south ahead of the long Presidents Day weekend.

"US markets are trading broadly lower ahead of their long weekend, with particular signs of weakness in energy and financial stocks," observed IG's Beauchamp.

He said next week's slightly uninspiring economic calendar offered little hope for a re-invigoration of the equity bounce.

"It will likely be the middle of next week before we can tell whether today’s drop was just a blip or the beginning of something bigger."

Market Movers

FTSE 100 (UKX) 7,291.54 0.19%
FTSE 250 (MCX) 18,675.47 -0.16%
techMARK (TASX) 3,349.58 0.39%

FTSE 100 - Risers

Unilever (ULVR) 3,797.00p 13.43%
Coca-Cola HBC AG (CDI) (CCH) 1,991.00p 4.13%
Imperial Brands (IMB) 3,786.50p 3.32%
Reckitt Benckiser Group (RB.) 7,100.00p 2.88%
Compass Group (CPG) 1,473.00p 1.73%
Shire Plc (SHP) 4,836.00p 1.53%
Associated British Foods (ABF) 2,606.00p 1.48%
AstraZeneca (AZN) 4,591.00p 1.47%
Pearson (PSON) 669.50p 1.44%
Fresnillo (FRES) 1,525.00p 1.40%

FTSE 100 - Fallers

Standard Chartered (STAN) 773.00p -4.36%
Rolls-Royce Holdings (RR.) 666.00p -3.97%
Anglo American (AAL) 1,339.50p -2.19%
Royal Dutch Shell 'B' (RDSB) 2,186.50p -1.75%
Glencore (GLEN) 319.45p -1.56%
Rio Tinto (RIO) 3,593.00p -1.48%
Antofagasta (ANTO) 836.00p -1.47%
BHP Billiton (BLT) 1,394.50p -1.38%
Royal Dutch Shell 'A' (RDSA) 2,094.00p -1.37%
Marks & Spencer Group (MKS) 325.50p -1.36%

FTSE 250 - Risers

Essentra (ESNT) 484.40p 14.92%
SEGRO (SGRO) 498.50p 3.21%
CLS Holdings (CLI) 1,660.00p 2.85%
PZ Cussons (PZC) 320.80p 2.75%
Fidessa Group (FDSA) 2,411.00p 2.64%
Ultra Electronics Holdings (ULE) 1,954.00p 2.57%
Wizz Air Holdings (WIZZ) 1,702.00p 2.41%
IP Group (IPO) 171.80p 1.90%
OneSavings Bank (OSB) 385.30p 1.80%
Finsbury Growth & Income Trust (FGT) 676.00p 1.65%

FTSE 250 - Fallers

Inmarsat (ISAT) 615.00p -5.46%
Drax Group (DRX) 342.10p -4.71%
Weir Group (WEIR) 1,947.00p -3.33%
Vedanta Resources (VED) 1,037.00p -2.90%
Lancashire Holdings Limited (LRE) 719.00p -2.84%
Cairn Energy (CNE) 222.80p -2.75%
Nostrum Oil & Gas (NOG) 459.20p -2.28%
Clarkson (CKN) 2,512.00p -2.26%
Rank Group (RNK) 203.60p -2.16%
Kaz Minerals (KAZ) 559.50p -2.01%

More news

26 May Europe close: Markets slip as uncertainty around Brexit ramps up

European stocks limped into the weekend, weighed down by an overnight drop in the price of oil and with investors carefully monitoring events ahead of the UK elections.

26 May Director dealings: DMGT trio buy after results disappointment

Daily Mail and General Trust chairman Lord Rothermere and his new CEO and CFO bought £0.3m of shares on Friday, following disappointing interim results the day before.

26 May FX round-up: Sterling takes big slides lower on UK election uncertainty

Sterling took big slides lower on most major crosses Friday as political uncertainty surrounding the upcoming UK general election sparked a wave of selling.

26 May Avingtrans' Hayward Tyler takeover talks extended until June

Talks about a potential takeover of Hayward Tyler by Avingtrans will continue after the pair further pushed back the official deadline.

26 May Acacia Mining fights back against Tanzania discrepancy claims

Firing back a response to Tanzanian accusations that it under-declared gold exports, Acacia Mining has called for an independent review and said "we are considering all of our options".

26 May Europe midday: Oil price drop, currency volatility dampens sentiment

European stocks are under pressure heading into the end of the week, weighed down by an overnight drop in the price of oil and with investors carefully monitoring events ahead of the UK elections.

26 May Plastics Capital raises £3.7m in placing

Niche plastics products group Plastics Capital announced a conditional placing to raise approximately £3.74m before expenses on Friday, by way of a placing of 3,194,445 new ordinary shares at 117p per placing share.

26 May SafeCharge partners with Chase for US payments

Payments technology company SafeCharge announced a partnership to process payments in the United States through Chase on Friday.

26 May US GDP grows more quickly than expected in the first quarter

America's economy grew more quickly than expected at the start of the year amid a large increase in investment, revised data showed.

26 May RBS shareholders refuse to accept settlement

Royal Bank of Scotland was further frustrated in its attempts to settle with a shareholder action group claiming compensation over its 2008 rights issue, following several delays to the start of its High Court trial.