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FTSE 100 movers: BP gushes higher; JD Sports drops after guidance downgrade

(Sharecast News) - London's FTSE 100 was flat at 10,742.93 in afternoon trade on Thursday. BP was among the top risers as oil prices pushed up after US President Donald Trump ramped up his rhetoric against Iran.

JD Sports Fashion tumbled as it cut its FY27 profit guidance following weaker trading in the second quarter. It now expects profit before tax and adjusting items of £700m to £800m, down from previous guidance of £750m to £850m.

Chief executive Regis Schultz said: "Trading in the second quarter remained tough. The market stayed highly promotional, reflecting the consumer and footwear product cycle headwinds our industry has faced in recent quarters, whilst our core consumer was impacted by incremental cost-of-living pressures.

"North America saw the most acute impact, also reflecting a slower quarter for high-heat footwear product and the timing of 'back-to-school' demand. The UK delivered a good quarter, with strong football replica kit sales and an improved performance in our Outdoor business. Europe's trend improved slightly versus Q1 against a still-subdued backdrop, supported by resilient Sporting Goods trading."

Anglo American and Legal & General both lost ground as they traded without entitlement to the dividend.

FTSE 100 - Risers

Weir (WEIR) 2,702.00p 2.27% Diageo (DGE) 1,710.00p 1.86% BP (BP.) 547.60p 1.58% The Sage Group (SGE) 1,089.00p 1.40% Severn Trent (SVT) 3,096.00p 0.98% Fresnillo (FRES) 3,140.00p 0.91% Computacenter (CCC) 5,070.00p 0.80% Games Workshop Group (GAW) 18,790.00p 0.75% Experian (EXPN) 2,953.00p 0.72% Babcock International Group (BAB) 1,138.00p 0.66%

FTSE 100 - Fallers

JD Sports Fashion (JD.) 79.94p -14.83% Investec (INVP) 634.00p -4.59% Anglo American (AAL) 3,872.00p -3.51% Legal & General Group (LGEN) 287.80p -3.42% Marks & Spencer Group (MKS) 372.80p -2.96% Antofagasta (ANTO) 3,591.00p -2.94% Coca-Cola HBC AG (CDI) (CCH) 4,382.00p -2.88% Convatec Group (CTEC) 226.80p -2.33% Spirax Group (SPX) 6,850.00p -2.00% International Consolidated Airlines Group SA (CDI) (IAG) 418.80p -1.82%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.