FTSE 100 movers: Smiths Group rallies on update; Flutter in the red

London’s FTSE 100 was flat at 7,303.67 in afternoon trade on Wednesday.

Engineer Smiths Group was the standout gainer on the FTSE 100 after it backed its full-year expectations as it said growth had accelerated in the first quarter.

Insurer Admiral was in the black, having fallen a day earlier after results from peer Direct Line.

Associated British Foods was on the rise for the second day in a row, after reporting a jump in full-year sales and profits on Tuesday despite surging input cost inflation, following a bumper performance at its budget fashion brand Primark.

Flutter Entertainment was down despite boosting its forecasts for annual US revenues after a strong third quarter.

Aviva was also weaker even as the insurer posted a 10% rise in third-quarter gross written premiums and backed its dividend and capital returns guidance.

Vodafone fell after agreeing agreed a joint venture deal with infrastructure fund manager GIP and private equity firm KKR to hold its 81.7% stake in Vantage Towers, valuing the mobile towers business at โ‚ฌ16.2bn.

FTSE 100 – Risers

Smiths Group (SMIN) 1,608.00p 3.64%
Admiral Group (ADM) 1,983.00p 2.77%
Associated British Foods (ABF) 1,497.00p 2.67%
Haleon (HLN) 284.80p 2.37%
Fresnillo (FRES) 823.80p 2.08%
BAE Systems (BA.) 800.40p 1.73%
RS Group (RS1) 897.00p 1.70%
London Stock Exchange Group (LSEG) 7,912.00p 1.62%
British American Tobacco (BATS) 3,399.50p 1.36%
SSE (SSE) 1,607.50p 1.36%

FTSE 100 – Fallers

Informa (INF) 547.60p -4.27%
Flutter Entertainment (CDI) (FLTR) 11,385.00p -3.39%
Harbour Energy (HBR) 376.20p -3.29%
Intermediate Capital Group (ICP) 1,125.00p -2.51%
Whitbread (WTB) 2,503.00p -2.49%
BT Group (BT.A) 114.55p -2.47%
Aviva (AV.) 424.00p -2.28%
Vodafone Group (VOD) 103.96p -2.15%
Smurfit Kappa Group (CDI) (SKG) 2,968.00p -2.08%
Melrose Industries (MRO) 120.85p -1.87%

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