FTSE 100 movers: Hikma surges on new guidance; BP, Shell gush lower

(Sharecast News) - London's FTSE 100 was up 0.2% at 8,599.31 in afternoon trade on Thursday. Shares in Hikma Pharmaceuticals surged to the top of the index as investors welcomed new medium-term guidance from the company.

Alongside a sell-side analysts and investors even at its manufacturing and R&D facility in Columbus, Ohio, the pharmaceuticals firm said that for group revenue, it now expects a three-year compound annual growth rate of 6% to 8% between 2024 and 2027.

For operating profit, it expects a three-year compound annual growth rate of 7% to 9%.

In addition, Hikma said it was introducing a five-year target for group revenue to reach $5bn by 2030.

JD Sports gained following a report that US peer Dick's Sporting Goods is nearing a deal to buy Foot Locker for around $2.3bn.

Aviva gained as the insurer said it was confident in achieving its group targets after a "great start" to 2025, with premiums rising by almost a tenth.

Sage Group slumped even as the enterprise software firm extended its share buyback plan by £200m after a strong first half.

3i Group fell sharply as its full-year total return of £5bn missed market expectations.

Oil giants BP and Shell gushed lower as oil prices slid. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: "Falling oil prices have put pressure on listed energy giants, as concerns about oversupply in the market swirl. Brent Crude has ticked down by more than 3% to trade below $64 a barrel.

"Just as traders were processing data that showed a big surge in US crude stockpiles, the potential for a US-Iran deal is increasing forecasts of a glut in global oil supplies."



FTSE 100 - Risers

Hikma Pharmaceuticals (HIK) 2,056.00p 5.92% JD Sports Fashion (JD.) 93.28p 3.62% National Grid (NG.) 1,050.50p 3.45% Aviva (AV.) 590.20p 3.18% Compass Group (CPG) 2,618.00p 3.07% International Consolidated Airlines Group SA (CDI) (IAG) 325.50p 2.91% Vodafone Group (VOD) 69.94p 2.34% Smurfit Westrock (DI) (SWR) 3,510.00p 2.33% Beazley (BEZ) 911.00p 2.02% BAE Systems (BA.) 1,735.00p 2.00%

FTSE 100 - Fallers

The Sage Group (SGE) 1,220.00p -4.65% 3i Group (III) 4,061.00p -3.24% BP (BP.) 369.40p -3.04% Admiral Group (ADM) 3,240.00p -2.88% St James's Place (STJ) 1,071.00p -2.33% InterContinental Hotels Group (IHG) 9,058.00p -2.08% Shell (SHEL) 2,466.00p -1.93% WPP (WPP) 596.80p -1.91% DCC (CDI) (DCC) 4,716.00p -1.87% CRH (CDI) (CRH) 7,246.00p -1.82%