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FTSE 100 movers: Banks rally; housebuilders slump
(Sharecast News) - London's FTSE 100 was up 1.3% at 7,110.32 in afternoon trade on Monday. Banks HSBC and Lloyds were on the front foot, possibly benefitting from expectations of higher interest rates.
BA and Iberia owner IAG was among the standout performers despite the latest raft of cancellations.
Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: "Capacity problems affecting airlines show little sign of easing any time soon, with fresh cancellations due to baggage handling faults now appearing on screens at Heathrow.
"As the update from easyJet shows, the headwinds now constraining summer operations will be another delay to long awaited recovery for the industry."
On the downside, housebuilders Barratt Developments, Berkeley, Persimmon and Taylor Wimpey lost ground after the latest survey from Rightmove indicated that house prices were likely to start falling in the next five months.
FTSE 100 - Risers
HSBC Holdings (HSBA) 540.00p 6.15% International Consolidated Airlines Group SA (CDI) (IAG) 117.28p 4.30% BT Group (BT.A) 187.90p 4.27% Standard Chartered (STAN) 607.80p 4.22% Centrica (CNA) 80.66p 4.16% Shell (SHEL) 2,128.00p 4.11% Melrose Industries (MRO) 151.35p 3.95% Lloyds Banking Group (LLOY) 43.88p 3.85% Glencore (GLEN) 478.90p 3.84% Ocado Group (OCDO) 861.20p 3.63%
FTSE 100 - Fallers
Barratt Developments (BDEV) 452.90p -4.03% Berkeley Group Holdings (The) (BKG) 3,743.00p -3.80% Persimmon (PSN) 1,866.00p -3.69% Intermediate Capital Group (ICP) 1,359.00p -3.58% Howden Joinery Group (HWDN) 589.40p -2.96% Ashtead Group (AHT) 3,409.00p -2.96% Taylor Wimpey (TW.) 117.85p -2.48% CRH (CDI) (CRH) 2,836.00p -2.39% Coca-Cola HBC AG (CDI) (CCH) 1,792.00p -2.08% RS Group (RS1) 815.50p -1.75%
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