FTSE 100 movers: Reckitt rises on results; 3i in the red

(Sharecast News) - London's FTSE 100 was up 0.8% at 9,130.46 in afternoon trade on Thursday. Reckitt jumped to the top of the index as it upgraded the full-year revenue growth target for its core brands, posting a better-than-expected jump in second-quarter like-for-like sales.

The consumer goods giant is now targeting LFL net revenue growth above 4% in Core Reckitt for FY25, up from a previous target of 3% to 4% growth. The core segment includes brands such as Nurofen and Dettol.

BT Group was also in the black as it said reported pre-tax profit fell 10% in the three months to 30 June, but insisted it was on track to deliver its targets for "this year, next year and the end of the decade".

Airtel Africa rallied as it said EBITDA grew by 29.8% to $679m in the first quarter, with revenues up 24.9%.

Vodafone gained as it backed its full-year profit guidance, reporting a 3.9% increase in first-quarter revenue to €9.4bn, with strong service revenue growth of 5.3%.

Vodafone said higher revenue from the consolidation of Three UK was offset by foreign exchange movements.

3i Group was among the fallers after results.

FTSE 100 - Risers

Reckitt Benckiser Group (RKT) 5,572.00p 10.56% BT Group (BT.A) 219.00p 9.83% Airtel Africa (AAF) 193.00p 5.41% Vodafone Group (VOD) 86.38p 3.87% JD Sports Fashion (JD.) 92.74p 3.30% Ashtead Group (AHT) 5,008.00p 3.11% Diploma (DPLM) 5,255.00p 3.04% Haleon (HLN) 368.50p 2.79% AstraZeneca (AZN) 10,970.00p 2.77% Standard Chartered (STAN) 1,358.00p 2.34%

FTSE 100 - Fallers

SSE (SSE) 1,848.00p -3.35% Fresnillo (FRES) 1,430.00p -2.26% 3i Group (III) 4,268.00p -1.75% InterContinental Hotels Group (IHG) 8,482.00p -1.71% St James's Place (STJ) 1,168.00p -1.64% Beazley (BEZ) 897.00p -1.43% Glencore (GLEN) 322.00p -1.36% Unite Group (UTG) 784.50p -1.32% United Utilities Group (UU.) 1,123.50p -1.32% Severn Trent (SVT) 2,686.00p -1.14%