FTSE 100 movers: Micro Focus benefits from Wall St tech bounce; shine off Randgold
Micro Focus was the top gainer on the FTSE 100 on Friday following a tech sector rally on Wall Street.
DCC was sitting pretty after saying that first-quarter group operating profit was "well ahead" year-on-year and announcing two acquisitions.
“DCC's profits are significantly weighted towards the second half of its financial year. At what is still a very early stage in the financial year, the group reiterates its belief that the year ending 31 March 2019 will be another year of profit growth and development,” the company said in a trading statement.
DCC said it had bought Stampede Global Holdings, a US specialist distributor of professional audio-visual products and and Kondor of the UK, which provides category management services for audio and mobile accessory products to retailers across Europe.
House builder Barratt Developments remained popular after the company this week said expected pre-tax profits to come in at a record £835m, up from £765.1m in 2017 after reaching its highest level of completions for a decade.
The company completed 17,579 homes, fairly flat compared to the 17,395 in 2017.
Evraz shares rose after an upgrade by Renaissance Capital.
There were a handful of fallers on Friday, led by Randgold, TUI and Whitbread.
Market Movers
FTSE 100 (UKX) 7,680.51 0.38%
FTSE 100 - Risers
Micro Focus International (MCRO) 1,277.00p 4.54%
DCC (DCC) 7,210.00p 4.49%
Burberry Group (BRBY) 2,104.00p 2.33%
WPP (WPP) 1,252.50p 2.16%
Evraz (EVR) 522.60p 2.15%
Barratt Developments (BDEV) 518.60p 1.69%
Intertek Group (ITRK) 5,800.00p 1.68%
Ferguson (FERG) 6,246.00p 1.59%
Melrose Industries (MRO) 220.00p 1.57%
InterContinental Hotels Group (IHG) 4,892.00p 1.54%
FTSE 100 - Fallers
Randgold Resources Ltd. (RRS) 5,504.00p -1.22%
TUI AG Reg Shs (DI) (TUI) 1,638.50p -0.88%
Whitbread (WTB) 4,005.00p -0.87%
Associated British Foods (ABF) 2,467.00p -0.60%
Imperial Brands (IMB) 2,885.50p -0.59%
Experian (EXPN) 1,910.00p -0.55%
RSA Insurance Group (RSA) 645.60p -0.52%
BP (BP.) 568.80p -0.46%
Sky (SKY) 1,538.00p -0.45%
Persimmon (PSN) 2,474.50p -0.38%