Share Prices & Company Research

Market News

21 Jan 2021 | 14:55

FTSE 100 movers: Informa hit by downgrade; Sage shoots higher

(Sharecast News) - London's FTSE 100 was down 0.3% at 6,720.11 in afternoon trade on Thursday. Informa was knocked lower by a downgrade to 'neutral' from 'buy' at UBS.

Going the other way, software group Sage was the top gainer on the index after saying it traded in line with expectations in the first quarter as recurring revenue grew strongly. Total revenue rose 1.4% to £447m in the three months to the end of December from a year earlier as recurring revenue increased 4.7% to £408m.

Ocado was also on the rise as Berenberg upped its price target on shares of the online supermarket to 2,900p from 2,525p. The bank said Ocado is a long-term winner.

"Covid-19 has accelerated the online channel shift and highlighted the importance of automation as a long-term solution for online grocery," it said.

"Ocado is primed to capitalise. Once travel restrictions ease, we expect more deals with both existing and new partners and increase our base-case number of customer fulfilment centres (CFCs) to 190 (from 178). We also believe concerns about the patent infringement claims are overdone; the group is confident that no valid patents have been infringed."

FTSE 100 - Risers

Just Eat Takeaway.Com N.V. (CDI) (JET) 8,334.00p 4.04% Sage Group (SGE) 592.40p 3.39% Ocado Group (OCDO) 2,643.00p 2.76% Intermediate Capital Group (ICP) 1,767.00p 2.61% Ferguson (FERG) 9,226.00p 2.28% HSBC Holdings (HSBA) 417.10p 2.23% Standard Chartered (STAN) 479.60p 2.22% Aveva Group (AVV) 3,861.00p 2.14% Hargreaves Lansdown (HL.) 1,666.50p 2.05% M&G (MNG) 197.00p 2.02%

FTSE 100 - Fallers

British Land Company (BLND) 435.50p -2.81% WPP (WPP) 788.20p -2.79% Burberry Group (BRBY) 1,756.50p -2.69% Informa (INF) 528.60p -2.44% Pearson (PSON) 719.40p -2.41% International Consolidated Airlines Group SA (CDI) (IAG) 158.35p -2.16% BT Group (BT.A) 135.30p -2.03% Rolls-Royce Holdings (RR.) 105.35p -1.91% Land Securities Group (LAND) 644.50p -1.41% Smiths Group (SMIN) 1,498.50p -1.32%

Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 14th May 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.