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FTSE 100 movers: Entain tumbles on CEO departure, housebuilders fall
(Sharecast News) - London's FTSE 100 was down 0.1% at 8,758.24 in afternoon trade on Tuesday. Sports betting and gaming group Entain tumbled as it said chief executive Gavin Isaacs has left the company with immediate effect after just five months.
Entain, which runs brands like Coral, Ladbrokes and Foxy Bingo as well part-owning the BetMGM brand in the US, did not disclose a reason for the abrupt departure, but said that the decision was "by mutual agreement".
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: "Details are scarce, and while Entain used the moment to reassure investors that it's on track to meet 2025 profit expectations, sudden leadership shake-ups rarely go down smoothly - questions will be flying."
Budget airline easyJet flew lower after disappointing results from travel firm Tui.
Barratt Redrow was weaker after FTSE 250 peer Bellway reported strong growth for the first half and reiterated its full-year guidance, but highlighted the "sensitivity of customer demand" amid a rise in mortgage rates over recent months.
Miners Anglo American, Glencore and Antofagasta all fell in tandem with copper prices.
FTSE 100 - Risers
Intertek Group (ITRK) 5,240.00p 2.75% Diploma (DPLM) 4,590.00p 2.09% Games Workshop Group (GAW) 14,790.00p 2.00% Shell (SHEL) 2,679.00p 1.50% Hikma Pharmaceuticals (HIK) 2,342.00p 1.47% Tesco (TSCO) 395.40p 1.44% Haleon (HLN) 391.90p 1.21% Standard Chartered (STAN) 1,117.00p 1.18% NATWEST GROUP (NWG) 446.40p 1.13% Experian (EXPN) 3,992.00p 1.06%
FTSE 100 - Fallers
Entain (ENT) 665.00p -10.40% easyJet (EZJ) 504.80p -3.52% Anglo American (AAL) 2,419.50p -3.32% Glencore (GLEN) 348.70p -2.99% Whitbread (WTB) 2,736.00p -2.67% Antofagasta (ANTO) 1,790.00p -2.48% Barratt Redrow (BTRW) 436.80p -2.22% Vodafone Group (VOD) 67.96p -2.13% Fresnillo (FRES) 785.00p -2.12% Legal & General Group (LGEN) 241.50p -2.07%
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