FTSE 100 movers: Endeavour rallies; Ocado in the red again

by | Nov 21, 2022

London’s FTSE 100 was down 0.2% at 7,368.90 in afternoon trade on Monday.
Online supermarket Ocado was under the cosh again.

Sports betting and gaming group Entain fell even as it said it has been awarded five-year licences by the State Administrative Office of Saxony-Anhalt, for the operation of its gaming and poker services throughout Germany.

Entain has been granted all five licences it applied for, enabling it to offer gaming under its bwin, Ladbrokes and Sportingbet brands, and poker under bwin and Ladbrokes.

Endeavour Mining rallied after saying it had made a major discovery at its 100%-owned Tanda-Iguela greenfield exploration property in Côte d’Ivoire.

The company said a major maiden resource has been outlined in under 15 months on the Assafou target. It has indicated resource of 14.9m tonnes of ore at 2.33 grams per tonne for 1.1m ounces. There is an inferred resource within this of 32.9m tonnes at 1.80grams per tonne for 1.9m ounces.

Endeavour said “significant exploration” potential exists at the Assafou deposit, which is located over a structural trend extending over 15km and remaining open in all directions with at least 10 additional exploration targets identified nearby.

Berenberg said: “We view this as a material positive for Endeavour as it suggests the presence of a deposit with the scale and grade to be developed as a mine possibly by 2026.”

FTSE 100 – Risers

Endeavour Mining (EDV) 1,682.00p 2.56%
GSK (GSK) 1,398.00p 2.16%
Sage Group (SGE) 814.40p 1.77%
Smiths Group (SMIN) 1,602.00p 1.71%
Bunzl (BNZL) 3,077.00p 1.69%
Rentokil Initial (RTO) 543.40p 1.68%
Centrica (CNA) 94.52p 1.63%
Relx plc (REL) 2,320.00p 1.62%
AstraZeneca (AZN) 11,086.00p 1.52%
RS Group (RS1) 965.50p 1.47%

FTSE 100 – Fallers

Harbour Energy (HBR) 309.60p -5.44%
Ocado Group (OCDO) 648.00p -4.45%
BP (BP.) 461.40p -3.08%
M&G (MNG) 192.75p -2.82%
Intermediate Capital Group (ICP) 1,180.00p -2.52%
Entain (ENT) 1,306.50p -2.50%
Rio Tinto (RIO) 5,257.00p -2.38%
Prudential (PRU) 956.40p -2.27%
Associated British Foods (ABF) 1,499.50p -2.25%
Shell (SHEL) 2,293.50p -2.18%

Related articles

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x