FTSE 100 movers: Admiral gains on Sabre update; Rightmove retreats

Admiral Group

London’s FTSE 100 was down 1% at 7,511.28 in afternoon trade on Thursday.

19 October 2023 14:45:17

Source: Sharecast

Admiral was the top gainer on the index after motor insurance group Sabre lifted its full-year guidance.

London Stock Exchange Group rose after it said full-year growth was set to be towards the upper end of guidance, as it posted a jump in third-quarter total income.

Rentokil slid after saying that its full-year performance in North America was set to be "marginally below" its previous expectations, citing "near-term market uncertainty".

Rightmove was under the cosh after smaller rival OnTheMarket agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.

Paper and packaging group Mondi slumped as it said that challenging conditions continued into the third quarter, with demand "subdued" and profits much lower.

Hargreaves Lansdown was in the red after it reported a slowdown in first-quarter new net client growth.

FTSE 100 - Risers

Admiral Group (ADM) 2,491.00p 2.47%
Spirax-Sarco Engineering (SPX) 8,372.00p 2.25%
London Stock Exchange Group (LSEG) 8,224.00p 1.86%
Halma (HLMA) 1,863.50p 1.06%
Weir Group (WEIR) 1,779.00p 0.94%
Diageo (DGE) 3,131.50p 0.87%
Endeavour Mining (EDV) 1,692.00p 0.48%
SSE (SSE) 1,589.00p 0.41%
Coca-Cola HBC AG (CDI) (CCH) 2,139.00p 0.38%
Unilever (ULVR) 4,001.00p 0.34%

FTSE 100 - Fallers

Rentokil Initial (RTO) 471.60p -20.71%
Rightmove (RMV) 501.60p -12.83%
Mondi (MNDI) 1,253.50p -5.96%
Hargreaves Lansdown (HL.) 700.60p -4.91%
BAE Systems (BA.) 1,040.00p -3.03%
Experian (EXPN) 2,628.00p -2.52%
Smiths Group (SMIN) 1,549.00p -2.33%
B&M European Value Retail S.A. (DI) (BME) 561.00p -2.26%
Unite Group (UTG) 874.00p -2.18%
Smith (DS) (SMDS) 270.40p -2.17%

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