FTSE 100 movers: AstraZeneca slumps; Vodafone rallies

by | Nov 16, 2021

London’s FTSE 100 was down 0.3% at 7,327.26 in afternoon trade on Tuesday.
Pharmaceuticals giant AstraZeneca was the worst performer on the index, closely followed by cybersecurity firm Darktrace.

Going the other way, Vodafone rallied as it lifted earnings and cash-flow guidance after reporting a rise in first-half adjusted core profits.

Nicholas Hyett, equity analyst at Hargreaves Lansdown, said: “With pandemic restrictions in retreat, Vodafone is starting to show signs of business returning to normal. Handset sales are up as consumers look to update their phones before venturing back into the world, while lucrative roaming fees are back as international travel resumes.

“While there a whole host of adjustments related to ongoing restructuring muddying the picture, the underlying trend seems to be one of gathering momentum.”

Land Securities gained after saying it swung back to a profit in the first half following a recovery in the Central London office market. Peer British Land was also higher.

FTSE 100 – Risers

Vodafone Group (VOD) 118.64p 5.46%
Land Securities Group (LAND) 743.80p 4.73%
British Land Company (BLND) 534.80p 3.36%
Intertek Group (ITRK) 5,260.00p 2.61%
Aveva Group (AVV) 3,342.00p 2.36%
BT Group (BT.A) 168.20p 1.97%
Johnson Matthey (JMAT) 2,365.00p 1.59%
Royal Dutch Shell ‘A’ (RDSA) 1,701.60p 1.50%
Royal Dutch Shell ‘B’ (RDSB) 1,705.80p 1.49%
NATWEST GROUP PLC ORD 100P (NWG) 222.70p 1.41%

FTSE 100 – Fallers

AstraZeneca (AZN) 8,551.00p -4.65%
Darktrace (DARK) 543.00p -4.49%
Associated British Foods (ABF) 1,978.50p -2.15%
GlaxoSmithKline (GSK) 1,554.80p -2.05%
Sage Group (SGE) 734.20p -2.00%
Tesco (TSCO) 280.90p -1.75%
Ocado Group (OCDO) 1,784.50p -1.73%
Flutter Entertainment (CDI) (FLTR) 11,915.00p -1.69%
Bunzl (BNZL) 2,767.00p -1.53%
Kingfisher (KGF) 335.70p -1.47%

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