FTSE 100 movers: DCC gains; housebuilders under the cosh

(Sharecast News) - London's FTSE 100 was up 0.5% at 9,886.34 in afternoon trade on Friday. DCC was in the black after it successfully completed a £600m tender offer, purchasing about 11.6m ordinary shares at £51.70 per share.

Housebuilders Barratt Redrow, Persimmon and Berkeley were all weaker.

Danni Hewson, head of financial analysis at AJ Bell, said: "The knife-edge nature of yesterday's rate decision by the Bank of England is keeping UK stocks in check and stalled the FTSE 100's push towards the 10,000 mark. Investors have responded to the reality that we could be approaching the end of the current rate-cutting cycle.

"This saw housebuilders lose momentum as hopes for a significant drop in mortgage costs in the coming months begin to fade away. An unexpected drop in retail sales only added to the gloom around the consumer backdrop in the UK."

JD Sports was also under pressure as Nike shares tumbled on the back of weak China sales.

FTSE 100 - Risers

Rolls-Royce Holdings (RR.) 1,173.00p 2.53% Melrose Industries (MRO) 579.00p 2.41% DCC (CDI) (DCC) 5,025.00p 2.22% Metlen Energy & Metals (MTLN) 41.95p 1.82% Spirax Group (SPX) 6,850.00p 1.78% Halma (HLMA) 3,598.00p 1.52% Fresnillo (FRES) 3,128.00p 1.49% Antofagasta (ANTO) 3,159.00p 1.31% Glencore (GLEN) 391.15p 1.12% Shell (SHEL) 2,691.50p 1.11%

FTSE 100 - Fallers

Barratt Redrow (BTRW) 368.80p -2.64% JD Sports Fashion (JD.) 84.58p -2.42% Persimmon (PSN) 1,318.00p -2.30% Marks & Spencer Group (MKS) 325.30p -2.05% Berkeley Group Holdings (The) (BKG) 3,876.00p -1.97% Auto Trader Group (AUTO) 599.20p -1.77% British American Tobacco (BATS) 4,215.00p -1.63% BT Group (BT.A) 182.75p -1.62% Whitbread (WTB) 2,569.00p -1.15% United Utilities Group (UU.) 1,172.00p -1.10%