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FTSE 100 movers: JD Sports surges; Airtel in the red
(Sharecast News) - London's FTSE 100 was up 0.5% at 7,802.40 in afternoon trade on Thursday as investors mulled the latest BoE policy announcement. JD Sports Fashion surged to the top of the index as the company revealed it is aiming to grow revenues and margins by double digits over the next five years alongside a rapid store expansion under a strategy outlined by new chief executive Regis Schultz.
BT Group rose as the telecoms company reiterated its full-year outlook despite seeing third-quarter revenues slip.
Advertising giant WPP also gained as French peer Publicis jumped on the back of its full-year results.
On the downside, Airtel Africa slumped as it said third-quarter pre-tax profits had fallen despite delivering increased revenues in the period.
Centrica shares slid as the British Gas owner suspended the forced instalment of prepayment meters, after an investigation showed the homes of vulnerable customers were being broken into.
Standard Chartered fell after a downgrade to 'neutral' from 'buy' at Goldman Sachs.
GS pointed to the fact the shares have outperformed the European banks sector by 33% since August 2021 on the back of divergent rate hiking paths, and said this has now played out.
It also noted that consensus appears to increasingly reflect the benefit of higher rates with 2023 NII forecasts up 18% over the last year.
FTSE 100 - Risers
JD Sports Fashion (JD.) 179.75p 10.07% Ocado Group (OCDO) 721.40p 9.27% SEGRO (SGRO) 909.40p 6.99% Scottish Mortgage Inv Trust (SMT) 794.40p 6.32% BT Group (BT.A) 131.60p 6.21% Persimmon (PSN) 1,493.00p 5.92% WPP (WPP) 1,014.00p 5.78% Hargreaves Lansdown (HL.) 933.00p 5.73% B&M European Value Retail S.A. (DI) (BME) 477.80p 5.59% Ashtead Group (AHT) 5,656.00p 5.52%
FTSE 100 - Fallers
Airtel Africa (AAF) 108.90p -6.36% Centrica (CNA) 97.64p -3.66% Rio Tinto (RIO) 6,041.00p -2.60% BAE Systems (BA.) 833.40p -2.41% Standard Chartered (STAN) 671.00p -2.39% BP (BP.) 482.30p -2.06% HSBC Holdings (HSBA) 590.20p -1.85% Reckitt Benckiser Group (RKT) 5,602.00p -1.62% Antofagasta (ANTO) 1,709.00p -1.27% Unilever (ULVR) 4,081.50p -1.25%
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