Boris Johnson – FTSE 100 movers: Informa hit by downgrade; Sage on the rise
London’s FTSE 100 was down 0.3% at 6,720.11 in afternoon commerce on Thursday.
Simply Eat Takeaway – which has benefited from Covid-19 restrictions and lockdowns – was the highest performer after Prime Minister Boris Johnson mentioned it was too early to say whether or not lockdown will finish by summer season.
Informa was knocked decrease by a downgrade to ‘neutral’ from ‘buy’ at UBS.
Going the opposite method, software program group Sage was the highest gainer on the index after saying it traded consistent with expectations within the first quarter as recurring income grew strongly. Complete income rose 1.4% to £447m within the three months to the top of December from a yr earlier as recurring income elevated 4.7% to £408m.
Ocado was additionally on the rise as Berenberg upped its price goal on shares of the web grocery store to 2,900p from 2,525p. The bank mentioned Ocado is a long-term winner.
“Covid-19 has accelerated the web channel shift and highlighted the significance of automation as a long-term answer for on-line grocery,” it mentioned.
“Ocado is primed to capitalise. As soon as journey restrictions ease, we count on extra offers with each present and new companions and enhance our base-case variety of buyer fulfilment centres (CFCs) to 190 (from 178). We additionally consider issues concerning the patent infringement claims are overdone; the group is assured that no legitimate patents have been infringed.”
Like Simply Eat, it is probably the shares have been additionally being boosted by Johnson’s feedback about lockdown.
FTSE 100 – Risers
Simply Eat Takeaway.Com N.V. (CDI) (JET) 8,334.00p 4.04%
Sage Group (SGE) 592.40p 3.39%
Ocado Group (OCDO) 2,643.00p 2.76%
Intermediate Capital Group (ICP) 1,767.00p 2.61%
Ferguson (FERG) 9,226.00p 2.28%
HSBC Holdings (HS(BA)) 417.10p 2.23%
Commonplace Chartered (STAN) 479.60p 2.22%
Aveva Group (AVV) 3,861.00p 2.14%
Hargreaves Lansdown (HL.) 1,666.50p 2.05%
M&G (MNG) 197.00p 2.02%
FTSE 100 – Fallers
British Land Firm (BLND) 435.50p -2.81%
WPP (WPP) 788.20p -2.79%
Burberry Group (BRBY) 1,756.50p -2.69%
Informa (INF) 528.60p -2.44%
Pearson (PSON) 719.40p -2.41%
Worldwide Consolidated Airlines Group SA (CDI) (IAG) 158.35p -2.16%
BT Group (BT.A) 135.30p -2.03%
Rolls-Royce Holdings (RR.) 105.35p -1.91%
Land Securities Group (LAND) 644.50p -1.41%
Smiths Group (SMIN) 1,498.50p -1.32%