London’s FTSE 100 was down 0.1% at 7,057.55 in afternoon trade on Friday, largely shrugging off a disappointing US non-farm payrolls report.
Bill Ackman’s Pershing Square Holdings was in the red after it said its special acquisition vehicle Pershing Square Tontine Holdings was in talks to buy a 10% stake in Universal Music Group for $4bn (£2.bn).
CMC Markets analyst Michael Hewson said: “It seems investors aren’t exactly enthused at the prospect of this deal given the thin margins.”
On the upside, online supermarket Ocado and Just Eat Takeaway – both of which have benefitted from Covid restrictions and lockdowns – were among the biggest gainers.
Hewson said: “With airline stocks still under pressure as a result of yesterday’s changes to the travel traffic light system, the likes of Ocado and Just Eat are amongst the best performers on the basis of expectations of a slower relaxation of restrictions.”
FTSE 100 – Risers
Ocado Group (OCDO) 1,879.00p 2.76%
Renishaw (RSW) 5,570.00p 2.39%
Just Eat Takeaway.Com N.V. (CDI) (JET) 6,423.00p 2.20%
Flutter Entertainment (CDI) (FLTR) 13,290.00p 1.76%
Aveva Group (AVV) 3,494.00p 1.54%
Anglo American (AAL) 3,248.00p 1.47%
Entain (ENT) 1,722.00p 1.38%
London Stock Exchange Group (LSEG) 7,540.00p 1.37%
Reckitt Benckiser Group (RKT) 6,485.00p 1.25%
Glencore (GLEN) 328.80p 1.15%
FTSE 100 – Fallers
Weir Group (WEIR) 1,899.50p -2.51%
Associated British Foods (ABF) 2,295.00p -2.17%
Pershing Square Holdings Ltd NPV (PSH) 2,560.00p -1.92%
Standard Chartered (STAN) 495.00p -1.86%
Legal & General Group (LGEN) 278.70p -1.76%
HSBC Holdings (HSBA) 441.85p -1.66%
Sainsbury (J) (SBRY) 265.40p -1.63%
Prudential (PRU) 1,464.50p -1.58%
Phoenix Group Holdings (PHNX) 740.60p -1.52%
Barclays (BARC) 183.64p -1.45%
