London’s FTSE 100 was down 3% at 7,059.14 in afternoon trade on Thursday at 7,059.14.
Harbour Energy rallied after it launched a share buyback programme of up to $200m.
The oil and gas group said in a brief statement: “As set out at the company’s Capital Markets Day in December 2021, the company continues to employ a disciplined and prudent approach to capital allocation, balancing its three priorities of safeguarding the balance sheet, ensuring a robust and diverse portfolio and shareholder returns.”
The programme will start immediately, and will end no later than 31 December 2022.
Persimmon, Intermediate Capital and 3i Group all fell as they traded without entitlement to the dividend.
JD Sports Fashion was also in the red following disappointing updates from Halfords, Asos and Boohoo.
FTSE 100 – Risers
London Stock Exchange Group (LSEG) 7,250.00p 2.03%
Harbour Energy (HBR) 371.30p 1.33%
Reckitt Benckiser Group (RKT) 6,002.00p 0.97%
Meggitt (MGGT) 772.40p 0.23%
B&M European Value Retail S.A. (DI) (BME) 376.90p 0.19%
SEGRO (SGRO) 962.20p 0.04%
Coca-Cola HBC AG (CDI) (CCH) 1,767.50p 0.03%
United Utilities Group (UU.) 1,044.50p -0.10%
Severn Trent (SVT) 2,863.00p -0.21%
BT Group (BT.A) 181.45p -0.25%
FTSE 100 – Fallers
Persimmon (PSN) 1,966.50p -10.50%
Intermediate Capital Group (ICP) 1,359.00p -7.46%
Scottish Mortgage Inv Trust (SMT) 681.80p -7.19%
JD Sports Fashion (JD.) 104.05p -6.74%
3i Group (III) 1,055.50p -6.22%
RS Group (RS1) 828.50p -6.08%
Ocado Group (OCDO) 788.00p -5.88%
BP (BP.) 402.20p -5.57%
Shell (SHEL) 2,140.00p -5.39%
ITV (ITV) 65.88p -5.34%
