FTSE 100 movers: Spirax surges on results; Entain slumps

London’s FTSE 100 was flat at 9,129.73 in afternoon trade on Tuesday.

Spirax Group surged to the top of the index as its first-half-results beat expectations.

Berkeley was also in the black following a well-received update from fellow housebuilder Bellway.

Ladbrokes owner Entain slumped despite lifting its full-year guidance after a better-than-expected first-half performance.

Russ Mould, investment director at AJ Bell, said: "It’s not all good news as the company’s physical outlets are not seeing any growth and the company continues to face potential regulatory and tax headwinds, with a gambling levy being floated ahead of this year’s Budget.

"However, in terms of what it can control Entain seems to be getting more right than it is getting wrong right now."

FTSE 100 - Risers

Spirax Group (SPX) 6,860.00p 13.20%
Airtel Africa (AAF) 217.40p 2.55%
Pershing Square Holdings Ltd NPV (PSH) 4,200.00p 2.34%
Antofagasta (ANTO) 2,075.00p 1.87%
BT Group (BT.A) 211.70p 1.63%
International Consolidated Airlines Group SA (CDI) (IAG) 380.00p 1.63%
Rio Tinto (RIO) 4,656.50p 1.52%
Melrose Industries (MRO) 589.40p 1.38%
Berkeley Group Holdings (The) (BKG) 3,794.00p 1.23%
Ashtead Group (AHT) 5,056.00p 1.20%

FTSE 100 - Fallers

The Sage Group (SGE) 1,103.00p -4.17%
London Stock Exchange Group (LSEG) 9,682.00p -2.22%
Games Workshop Group (GAW) 15,110.00p -1.88%
Entain (ENT) 922.80p -1.45%
Pearson (PSON) 1,067.50p -1.29%
Croda International (CRDA) 2,454.00p -0.97%
National Grid (NG.) 1,048.00p -0.80%
Hikma Pharmaceuticals (HIK) 1,770.00p -0.67%
WPP (WPP) 362.60p -0.66%
BP (BP.) 421.00p -0.59%