(Sharecast News) – London’s FTSE 100 was down 0.2% at 7,263.44 in afternoon trade on Friday.
United Utilities, Severn Trent, National Grid and SSE all fell, having risen sharply on Thursday.
On the upside, Coca-Cola HBC rallied as it upgraded full-year earnings guidance after a stronger-than-anticipated finish to the first half of the year.
The soft-drink bottler said performance in June, “one of our most significant months, was very good overall”. As a result, it expects to deliver strong organic earnings before interest and tax growth for 2023 of 9-12%, from prior guidance of the top end of a -3 to +3% range.
“Our mid-term guidance from 2024 onwards is unchanged. We expect average annual organic revenue growth of 6-7% and average annual organic EBIT margin expansion of 20-40 basis points per annum,” Coca-Cola HBC said.
FTSE 100 – Risers
Ocado Group (OCDO) 577.40p 4.37%
Coca-Cola HBC AG (CDI) (CCH) 2,352.00p 4.21%
Rolls-Royce Holdings (RR.) 148.55p 2.31%
Kingfisher (KGF) 222.00p 1.79%
Melrose Industries (MRO) 488.90p 1.71%
International Consolidated Airlines Group SA (CDI) (IAG) 157.30p 1.55%
Johnson Matthey (JMAT) 1,683.50p 1.39%
JD Sports Fashion (JD.) 139.80p 1.30%
Smurfit Kappa Group (CDI) (SKG) 2,646.00p 1.30%
Anglo American (AAL) 2,195.50p 1.25%
FTSE 100 – Fallers
Relx plc (REL) 2,474.00p -2.48%
Intertek Group (ITRK) 4,023.00p -1.88%
United Utilities Group (UU.) 931.40p -1.67%
Spirax-Sarco Engineering (SPX) 9,894.00p -1.65%
Severn Trent (SVT) 2,412.00p -1.59%
National Grid (NG.) 1,004.50p -1.52%
Halma (HLMA) 2,145.00p -1.52%
SSE (SSE) 1,738.50p -1.28%
Reckitt Benckiser Group (RKT) 5,740.00p -1.20%
Unite Group (UTG) 847.00p -1.11%
