Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 100 movers: Property stocks gain; Burberry in the red

Fri 30 Aug 2024 14:22

(Sharecast News) - London's FTSE 100 was up 0.1% at 8,384.47 in afternoon trade on Friday. Property stocks were on the rise, with LondonMetric, Land Securities and Segro all up.

Luxury fashion brand Burberry was under the cosh ahead of its expected demotion from the top-flight index.

Richard Hunter, head of markets at Interactive Investor, said: "A slowdown in consumer demand for luxury goods has weighed on the sector, with Chinese consumers particularly notable by their absence. Burberry grabbed the headlines in July for the wrong reasons, bringing forward its first quarter update amid some developments which came as a shock to investors.

"An immediate change of the chief executive was accompanied by a suspension of the dividend on the back of what the company itself described as a disappointing start to the year. Indeed, if the current levels of trading persist, the group could slip to an operating loss in the first half of the year.

"The shares have declined by 51% in the year to date and by 68% over the last year, leaving the group at number 144 in the overall market capitalisation rankings, where anything below 110 spells automatic relegation. The demise will see Burberry lose its FTSE 100 status after a run which stretches back to 2009, with a turnaround strategy not yet obviously in place."

Budget airline easyJet was also down amid the prospect of demotion in the next quarterly reshuffle next week.

FTSE 100 - Risers

LondonMetric Property (LMP) 204.40p 2.77% Land Securities Group (LAND) 629.50p 2.03% SEGRO (SGRO) 875.80p 1.81% Vistry Group (VTY) 1,369.00p 1.78% Severn Trent (SVT) 2,575.00p 1.70% Unite Group (UTG) 961.00p 1.69% Entain (ENT) 642.20p 1.61% Haleon (HLN) 383.30p 1.35% Barratt Developments (BDEV) 508.20p 1.19% Sainsbury (J) (SBRY) 293.60p 1.17%

FTSE 100 - Fallers

Smith (DS) (SMDS) 466.00p -1.48% Burberry Group (BRBY) 665.80p -1.48% Whitbread (WTB) 2,896.00p -1.40% easyJet (EZJ) 472.70p -1.36% Relx plc (REL) 3,533.00p -1.26% InterContinental Hotels Group (IHG) 7,560.00p -0.97% Intermediate Capital Group (ICG) 2,144.00p -0.83% BP (BP.) 431.90p -0.66% Rolls-Royce Holdings (RR.) 497.00p -0.64% Associated British Foods (ABF) 2,481.00p -0.60%

Share this article

Related Sharecast Articles

Fri 24 Jul 2026 14:04
FTSE 100 movers: 3i Group rallies again; oil giants gush lower
(Sharecast News) - London's FTSE 100 was 0.7% higher at 10,717.09 in afternoon trade on Friday.
Thu 23 Jul 2026 14:03
FTSE 250 movers: Aston Martin leads risers, Mitchells & Butlers drops
(Sharecast News) - Aston Martin, easyJet and oil stocks were among the day's better performers on the FTSE 250, while Capital Gearing Trust and Mitchells & Butlers fell sharply.
Thu 23 Jul 2026 14:03
FTSE 100 movers: Segro, 3i Group surge; Centrica in the red
(Sharecast News) - London's FTSE 100 was down 0.8% at 10,635.14 in afternoon trade on Thursday.
Wed 22 Jul 2026 14:26
FTSE 100 movers: Segro surges on final Prologis offer; Babcock gains
(Sharecast News) - London's FTSE 100 was 1.5% higher at 10,744.89 in afternoon trade on Wednesday.

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.

Policies and important information
 

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme

 

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026