FTSE 100 movers: M&S boosted by upgrade; DCC goes ex-div.


London’s FTSE 100 was down 0.9% at 8,709.38 in afternoon trade on Thursday.

Marks and Spencer Group

Source: Sharecast

Hiscox was the standout performer on the index following its capital markets day.

Marks & Spencer rallied as Jefferies upped its recommendation on the shares to ‘buy’ from ‘hold’, despite the blue chip being hit by a major cyberattack.

Jefferies said: "The business continues to demonstrate strong fundamental growth in a buoyant UK consumer environment, buyside expectations for profit delivery in 2025/26 have moderated to more sustainable levels [and] we find no evidence at this stage that the cyberattack will impact medium-term share gains."

It also upped the price target, to 440p from 370p.

Convatec was in the black as it hailed a strong start to the year and said it was on track to deliver targets.

BT Group reversed earlier losses even as it posted an unexpected fall in annual revenues and pointed to further declines over the coming year.

DCC lost ground as it traded without entitlement to the dividend.

Intertek fell despite saying it had a good start to the year and is well positioned to deliver a "robust" performance in 2025.

FTSE 100 - Risers

Hiscox Limited (DI) (HSX) 1,256.00p 5.19%
JD Sports Fashion (JD.) 85.38p 2.72%
Pershing Square Holdings Ltd NPV (PSH) 3,812.00p 2.31%
Marks & Spencer Group (MKS) 381.10p 1.71%
Convatec Group (CTEC) 278.40p 1.16%
Beazley (BEZ) 929.50p 1.14%
BAE Systems (BA.) 1,831.50p 0.69%
BT Group (BT.A) 170.40p 0.68%
Auto Trader Group (AUTO) 897.00p 0.63%
Fresnillo (FRES) 1,091.00p 0.55%

FTSE 100 - Fallers

DCC (CDI) (DCC) 4,546.00p -4.78%
Intermediate Capital Group (ICG) 1,994.00p -3.58%
Intertek Group (ITRK) 4,758.00p -3.29%
Persimmon (PSN) 1,321.50p -3.26%
Smurfit Westrock (DI) (SWR) 3,281.00p -2.99%
Taylor Wimpey (TW.) 116.85p -2.83%
Diageo (DGE) 2,073.00p -2.81%
Barratt Redrow (BTRW) 455.60p -2.79%
Experian (EXPN) 3,773.00p -2.78%
Kingfisher (KGF) 301.70p -2.65%

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.