FTSE 100 movers: Frasers jumps; utilities give back gains.


London’s FTSE 100 was down 1.2% at 8,011.35 in afternoon trade on Friday.

Sports Direct

Source: Sharecast

Frasers Group was the top gainer after Boohoo shareholders voted overwhelmingly against the appointment to the board of Mike Ashley and restructuring expert Mike Lennon.

Just under 64% of shareholders voted against each of the proposed appointments.

In a number of open letters, Frasers had urged Boohoo to make both appointments, having criticised the company’s "dismal" interim results and "long-term mismanagement".

Water companies were under the cosh, having gained on Thursday after regulator Ofwat announced its final determination for the five-year period to 2030, saying that average bills would increase by 36% in England and Wales, the equivalent of around £31 per year.

Severn Trent and United Utilities were the worst performers on the index.

FTSE 100 - Risers

Frasers Group (FRAS) 620.00p 1.72%
LondonMetric Property (LMP) 177.60p 1.14%
Rentokil Initial (RTO) 396.00p 1.12%
B&M European Value Retail S.A. (DI) (BME) 357.20p 0.62%
SEGRO (SGRO) 685.80p 0.56%
National Grid (NG.) 926.60p 0.54%
Vistry Group (VTY) 648.00p 0.31%
Sainsbury (J) (SBRY) 272.00p 0.22%
SSE (SSE) 1,601.50p 0.22%
Land Securities Group (LAND) 560.50p 0.18%

FTSE 100 - Fallers

Severn Trent (SVT) 2,484.00p -3.50%
United Utilities Group (UU.) 1,035.00p -2.73%
Smurfit Westrock (DI) (SWR) 4,034.00p -2.51%
Rolls-Royce Holdings (RR.) 566.00p -2.35%
Beazley (BEZ) 795.00p -2.09%
Intermediate Capital Group (ICG) 2,036.00p -1.93%
Melrose Industries (MRO) 538.00p -1.90%
Hiscox Limited (DI) (HSX) 1,086.00p -1.81%
Scottish Mortgage Inv Trust (SMT) 923.00p -1.79%
Anglo American (AAL) 2,298.50p -1.69%

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