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FTSE 100 movers: Utilities in the red; Coca-Cola HBC fizzes higher
(Sharecast News) - London's FTSE 100 was down 0.2% at 7,263.44 in afternoon trade on Friday. United Utilities, Severn Trent, National Grid and SSE all fell, having risen sharply on Thursday.
On the upside, Coca-Cola HBC rallied as it upgraded full-year earnings guidance after a stronger-than-anticipated finish to the first half of the year.
The soft-drink bottler said performance in June, "one of our most significant months, was very good overall". As a result, it expects to deliver strong organic earnings before interest and tax growth for 2023 of 9-12%, from prior guidance of the top end of a -3 to +3% range.
"Our mid-term guidance from 2024 onwards is unchanged. We expect average annual organic revenue growth of 6-7% and average annual organic EBIT margin expansion of 20-40 basis points per annum," Coca-Cola HBC said.
FTSE 100 - Risers
Ocado Group (OCDO) 577.40p 4.37% Coca-Cola HBC AG (CDI) (CCH) 2,352.00p 4.21% Rolls-Royce Holdings (RR.) 148.55p 2.31% Kingfisher (KGF) 222.00p 1.79% Melrose Industries (MRO) 488.90p 1.71% International Consolidated Airlines Group SA (CDI) (IAG) 157.30p 1.55% Johnson Matthey (JMAT) 1,683.50p 1.39% JD Sports Fashion (JD.) 139.80p 1.30% Smurfit Kappa Group (CDI) (SKG) 2,646.00p 1.30% Anglo American (AAL) 2,195.50p 1.25%
FTSE 100 - Fallers
Relx plc (REL) 2,474.00p -2.48% Intertek Group (ITRK) 4,023.00p -1.88% United Utilities Group (UU.) 931.40p -1.67% Spirax-Sarco Engineering (SPX) 9,894.00p -1.65% Severn Trent (SVT) 2,412.00p -1.59% National Grid (NG.) 1,004.50p -1.52% Halma (HLMA) 2,145.00p -1.52% SSE (SSE) 1,738.50p -1.28% Reckitt Benckiser Group (RKT) 5,740.00p -1.20% Unite Group (UTG) 847.00p -1.11%
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