FTSE 100 movers: DS Smith rallies as Suzano abandons IP pursuit; GSK tumbles.


London’s FTSE 100 was down 0.2% at 8,211.88 in afternoon trade on Thursday.

DS Smith

Source: Sharecast

DS Smith was the top gainer on the index after Brazilian pulp maker Suzano said it had ended talks to buy International Paper. DS Smith agreed to be bought by International Paper in April for £5.8bn.

According to Reuters, a deal between Suzano and IP would have been conditional on IP abandoning its DS Smith bid.

In a statement on Wednesday, Suzano said that IP had not engaged with the highest price it was willing to pay. Mondi also advanced.

Halma was up after announcing the acquisition of Portuguese fire detection and alarm systems maker Global Fire Equipment (GFE) for £36m.

Burberry was in the red as the luxury fashion brand traded without entitlement to the dividend.

GSK tumbled after a ruling by a US health agency narrowed usage recommendations for all respiratory syncytial virus (RSV) vaccines, restricting the addressable market for the company's Arexvy product.

Anglo American was in the red after a downgrade to ‘sell’ from ‘hold’ at Berenberg.

FTSE 100 - Risers

Smith (DS) (SMDS) 408.80p 10.97%
Mondi (MNDI) 1,532.00p 3.65%
Airtel Africa (AAF) 119.50p 2.40%
Admiral Group (ADM) 2,656.00p 2.27%
Barclays (BARC) 210.25p 2.14%
Shell (SHEL) 2,829.50p 1.38%
BP (BP.) 477.00p 1.37%
Relx plc (REL) 3,649.00p 1.25%
Halma (HLMA) 2,710.00p 1.12%
Diploma (DPLM) 4,186.00p 1.11%

FTSE 100 - Fallers

Burberry Group (BRBY) 912.40p -5.14%
GSK (GSK) 1,517.50p -5.13%
3i Group (III) 3,009.00p -2.59%
Entain (ENT) 631.00p -2.50%
British American Tobacco (BATS) 2,450.00p -2.43%
Associated British Foods (ABF) 2,483.00p -1.62%
Ashtead Group (AHT) 5,248.00p -1.54%
Prudential (PRU) 735.40p -1.50%
Anglo American (AAL) 2,490.50p -1.46%
Hikma Pharmaceuticals (HIK) 1,889.00p -1.46%

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.