London’s FTSE 100 was up 0.8% at 7,097.95 in afternoon trade on Friday, ending a turbulent week in a pretty quiet fashion, with traders most likely opting to enjoy a few beers in the blazing hot sunshine.
Intermediate Capital Group was the standout gainer on the index, closely followed by online supermarket Ocado.
On the downside, heavily-weighted miners – which are cyclical – were the worst performers amid worries about a recession after a spate of central bank rate hikes. Rio Tinto and Antofagasta were both weaker.
LSE and Harbour Energy were both in the red following strong gains earlier in the week. On Thursday, Harbour Energy rallied after announcing a $200m share buyback programme, while LSE was boosted on Wednesday by an upgrade to ‘buy’ at UBS.
FTSE 100 – Risers
Intermediate Capital Group (ICP) 1,408.00p 3.83%
Ocado Group (OCDO) 816.60p 3.71%
Scottish Mortgage Inv Trust (SMT) 694.80p 3.61%
Endeavour Mining (EDV) 1,822.00p 3.58%
Rolls-Royce Holdings (RR.) 90.05p 3.40%
Sage Group (SGE) 614.80p 3.22%
Informa (INF) 534.00p 3.17%
ITV (ITV) 67.30p 3.16%
Pearson (PSON) 756.00p 2.91%
Diageo (DGE) 3,529.50p 2.90%
FTSE 100 – Fallers
Fresnillo (FRES) 800.60p -2.06%
Rio Tinto (RIO) 5,350.00p -1.73%
Antofagasta (ANTO) 1,308.00p -1.32%
BP (BP.) 400.85p -0.88%
London Stock Exchange Group (LSEG) 7,192.00p -0.85%
Harbour Energy (HBR) 361.50p -0.60%
Shell (SHEL) 2,131.50p -0.58%
United Utilities Group (UU.) 1,040.00p -0.48%
Entain (ENT) 1,285.00p -0.46%
Hikma Pharmaceuticals (HIK) 1,481.00p -0.27%
