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FTSE 100 movers: Lion Finance boosted by broker note; housebuilders fall

Mon 29 Jun 2026 14:14

(Sharecast News) - London's FTSE 100 was flat at 10,504.08 in afternoon trade on Monday. Lion Finance was a high riser after JPMorgan hiked its price target on the stock.

Babcock International was under the cosh on news the UK has abandoned plans to replace its ageing warships with a new destroyer and instead announced that it will procure at least six so-called common combat vessels.

Housebuilders Barratt Redrow and Persimmon were in the red after data from the Bank of England showed that mortgage approvals fell in May to the lowest level since December 2023.

The latest Money and Credit report showed that mortgage approvals declined to 56,200 from 66,000 in April, coming in below the average of 63,300 over the previous six months. Approvals for remortgaging - which only capture remortgaging with a different lender - also declined, to 33,300 in May, from 51,200 in April.

British American Tobacco slumped as it revealed plans to cut 5,500 jobs as part of its Fit2Win transformation programme that aims to save £600m in costs each year. The plan, which was first launched in 2025, was designed to make the tobacco, cigarettes and smokeless products group "more agile, cost disciplined and innovative".

BAT said it wants to reduce complexity, build closer partnerships with tech and business services companies, and streamline the business to deliver targeted cost savings by the end of 2028.

FTSE 100 - Risers

Flutter Entertainment (DI) (FLTR) 7,922.00p 3.75% Lion Finance Group (BGEO) 11,260.00p 3.68% ICG (ICG) 1,682.00p 1.81% Computacenter (CCC) 4,322.00p 1.60% Entain (ENT) 585.80p 1.45% Scottish Mortgage Inv Trust (SMT) 1,431.50p 1.45% Coca-Cola HBC AG (CDI) (CCH) 4,942.00p 1.27% Pearson (PSON) 1,189.00p 1.15% Tesco (TSCO) 465.20p 1.11% SSE (SSE) 2,447.00p 1.07%

FTSE 100 - Fallers

Babcock International Group (BAB) 939.40p -3.19% Smiths Group (SMIN) 2,508.00p -2.22% International Consolidated Airlines Group SA (CDI) (IAG) 473.80p -1.82% Fresnillo (FRES) 2,814.00p -1.75% Barratt Redrow (BTRW) 285.50p -1.52% Persimmon (PSN) 1,091.00p -1.49% British American Tobacco (BATS) 4,703.00p -1.43% 3i Group (III) 2,500.00p -1.30% Melrose Industries (MRO) 462.30p -1.24% British Land Company (BLND) 417.00p -1.14%

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