FTSE 100 movers: Airlines, BP in the red

(Sharecast News) - London's FTSE 100 was up 1.2% at 8,313.67 in afternoon trade on Tuesday. EasyJet and BA and Iberia owner IAG both flew lower after Ryanair chief executive Michael O'Leary told reporters in Brussels that ticket fare prices this summer were likely going to be lower than previously expected.

BP was also in the red after it reported a fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins. It also started a $1.75bn share buyback.

Underlying replacement cost profit for the quarter was $2.7bn, compared with $5bn a year earlier and $3bn for the final three months of 2023, BP said.

FTSE 100 - Risers

DCC (CDI) (DCC) 5,715.00p 4.00% Persimmon (PSN) 1,420.00p 3.92% SSE (SSE) 1,775.50p 3.86% Barclays (BARC) 209.85p 3.71% Land Securities Group (LAND) 688.50p 3.22% Flutter Entertainment (DI) (FLTR) 16,205.00p 3.18% Lloyds Banking Group (LLOY) 53.72p 2.95% Fresnillo (FRES) 565.50p 2.91% Experian (EXPN) 3,372.00p 2.90% Rentokil Initial (RTO) 419.20p 2.82%

FTSE 100 - Fallers

easyJet (EZJ) 511.60p -5.54% Melrose Industries (MRO) 593.00p -1.76% Burberry Group (BRBY) 1,160.50p -1.65% BP (BP.) 502.90p -1.47% Haleon (HLN) 326.40p -1.06% Standard Chartered (STAN) 750.00p -0.66% Anglo American (AAL) 2,681.50p -0.45% Vodafone Group (VOD) 68.18p -0.38% International Consolidated Airlines Group SA (CDI) (IAG) 178.00p -0.36% Rolls-Royce Holdings (RR.) 417.00p -0.26%

ICG Enterprise Trust (ICGT) 1,190.00p -1.33%