Share Prices & Company Research

Market News

26 Feb 2021 | 14:38

FTSE 100 movers: IAG flies higher; Rightmove retreats after results

(Sharecast News) - London's FTSE 100 was down 2% at 6,519.20 in afternoon trade on Friday. Rightmove fell after it reported a drop in full-year profit as revenue took a hit after it gave discounts to customers during the coronavirus pandemic.

Shopping centre owners British Land and Land Securities - both of which gained earlier in the week amid the prospect of non-essential retailers and outdoor hospitality reopening in April - were weaker.

British Airways and Iberia parent IAG flew higher despite swinging to a massive €7.4bn annual operating loss and pulling guidance for 2021, reflecting the impact of the Covid-19 crisis. The loss compares with a profit of €2.61m a year ago.

Airlines more generally were trading up, perhaps buoyed by the prospect of EU vaccine passports.

Flutter Entertainment was also in the black after JPMorgan Cazenove maintained its 'neutral' rating on the shares but lifted the price target to 14,790p from 11,200p.

RSA Insurance gained after it posted a rise in full-year operating profit ahead of its £7.2bn takeover by Denmark's Tryg and Canada's Intact Financial.

FTSE 100 - Risers

International Consolidated Airlines Group SA (CDI) (IAG) 193.20p 3.73% Reckitt Benckiser Group (RB.) 6,004.00p 0.91% Kingfisher (KGF) 265.40p 0.61% Flutter Entertainment (FLTR) 13,920.00p 0.29% AstraZeneca (AZN) 7,017.00p 0.10% Tesco (TSCO) 227.40p 0.09% Rentokil Initial (RTO) 471.30p -0.11% London Stock Exchange Group (LSEG) 9,696.00p -0.14% Croda International (CRDA) 6,226.00p -0.22% RSA Insurance Group (RSA) 674.60p -0.24%

FTSE 100 - Fallers

British Land Company (BLND) 490.00p -5.70% Anglo American (AAL) 2,794.00p -5.40% Rightmove (RMV) 573.60p -5.35% Scottish Mortgage Inv Trust (SMT) 1,150.00p -3.85% Land Securities Group (LAND) 663.90p -3.78% Evraz (EVR) 576.60p -3.64% BP (BP.) 293.90p -3.50% BAE Systems (BA.) 484.70p -3.37% Legal & General Group (LGEN) 260.90p -3.26% Imperial Brands (IMB) 1,354.50p -3.25%

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: 30th April 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.