FTSE 100 movers: Informa rallies on update; Persimmon goes ex-div

(Sharecast News) - London's FTSE 100 was down 1.2% at 10,385.75 in afternoon trade on Thursday. Informa was the standout performer on the index after the media blue chip reaffirmed full-year guidance.

Updating on trading ahead of the annual general meeting, Informa - a specialist in business-to-business exhibitions and academic publishing - said underlying revenues had grown 6.4% in the five months to 31 May. More than $4bn of revenues have already been traded, booked or visible for the full-year via subscriptions, recurring revenues and forward-booked contracts, it added.

The group reaffirmed earnings guidance for the current year - for a double-digit improvement in underlying in adjusted earnings per share - with further "strong" growth forecast for 2027.

Elsewhere, Intertek advanced as it agreed to be taken over by Swedish private equity firm EQT in a £9.5bn deal.

EQT will pay £61.077 per share for the inspection, product testing and certification group. This comprises £60 in cash and a final dividend of 107.7p per share. The price represents a 59% premium to the closing Intertek share price on 9 April, which was the last business day before EQT submitted its initial proposal.

Persimmon, Land Securities and 3i Group all fell as they traded without entitlement to the dividend.

FTSE 100 - Risers

Informa (INF) 855.40p 2.29% Spirax Group (SPX) 7,095.00p 2.01% IMI (IMI) 3,024.00p 1.82% Melrose Industries (MRO) 480.90p 1.69% Smurfit Westrock (DI) (SWR) 3,362.00p 1.69% Intertek Group (ITRK) 5,800.00p 1.49% Lion Finance Group (BGEO) 11,510.00p 1.41% International Consolidated Airlines Group SA (CDI) (IAG) 459.30p 1.39% Next (NXT) 14,335.00p 1.24% Standard Life (SDLF) 802.50p 0.88%

FTSE 100 - Fallers

Fresnillo (FRES) 3,121.00p -5.95% London Stock Exchange Group (LSEG) 8,446.00p -5.76% Persimmon (PSN) 1,055.50p -5.07% Flutter Entertainment (DI) (FLTR) 7,584.00p -5.06% ICG (ICG) 1,729.00p -4.69% Entain (ENT) 544.20p -4.05% Relx plc (REL) 2,348.00p -4.05% Land Securities Group (LAND) 628.50p -3.97% The Sage Group (SGE) 799.60p -3.78% 3i Group (III) 2,210.00p -3.69%a