FTSE 100 risers: IAG paces losses after Heathrow caps daily passenger numbers

by | Jul 13, 2022

IAG was among the top fallers on London’s top-flight index a day after Heathrow airport capped the number of travellers per day to 100,000 due to staff shortages, forcing the cancellation of 1,000 summer flights.
Going the other way, Fresnillo and Endeavour Mining caught a bid off of a dip in the US dollar following the release of the June consumer price report.

The annual rate of change in headline consumer price inflation in the US picked up by five tenths of a percentage point in June to reach 9.1% – its fastest clip since 1981 – up from 8.6% in May.

In response, Fed funds futures were left pricing-in roughly even odds of a 100 basis point interest rate hike to short-term official interest rates for when the US central bank met at the end of July.

And yet, the Greenback dipped in response, with the US dollar spot index trading down by 0.32% to 107.73.

Miners Rio Tinto and oil outfits BP and Shell were also a tad higher in an overall down day for the stock market.

Market Movers

FTSE 100 (UKX) 7,165.84 -0.61%

FTSE 100 – Risers

Fresnillo (FRES) 687.60p 4.31%
Endeavour Mining (EDV) 1,669.00p 2.46%
SEGRO (SGRO) 1,035.00p 1.82%
Harbour Energy (HBR) 328.30p 1.26%
United Utilities Group (UU.) 1,054.00p 1.20%
Severn Trent (SVT) 2,859.00p 1.10%
Land Securities Group (LAND) 669.20p 1.03%
Diageo (DGE) 3,628.00p 0.85%
British Land Company (BLND) 458.10p 0.79%
Bunzl (BNZL) 2,907.00p 0.69%

FTSE 100 – Fallers

Abrdn (ABDN) 155.05p -4.47%
International Consolidated Airlines Group SA (CDI) (IAG) 106.24p -3.79%
Mondi (MNDI) 1,434.00p -3.73%
Smith (DS) (SMDS) 277.80p -3.37%
Auto Trader Group (AUTO) 570.20p -2.70%
Antofagasta (ANTO) 1,034.50p -2.64%
GSK (GSK) 1,698.40p -2.54%
Ashtead Group (AHT) 3,723.00p -2.10%
Prudential (PRU) 988.00p -2.08%
Ocado Group (OCDO) 814.80p -2.02%

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