FTSE 100 movers: REITs under the cosh; Smiths Group rallies

Fri 23 Sep 2022

LONDON (SHARECAST) - (Sharecast News) - London's FTSE 100 was down 2.1% at 7,006.48 in afternoon trade on Friday as investors mulled Chancellor Kwasi Kwarteng's so-called mini-budget.
Real estate investment trusts - which can act as a bond proxy - fell as government bonds took a hammering after Kwarteng announced a swathe of tax cuts. Segro, Land Securities and British Land were all weaker.

Consumer healthcare company Haleon - which was recently spun off from GlaxoSmithKline - was the standout riser on the index.

Engineer Smiths Group also rallied as it said full-year organic revenues and pre-tax profits had grown ahead of expectations amid "high demand" across the majority of its end markets.

Software company Aveva ticked up, having agreed earlier in the week to be bought by France's Schneider Electric in a 9.5bn deal.

FTSE 100 - Risers

Haleon (HLN) 273.85p 2.95%
Smiths Group (SMIN) 1,500.50p 2.04%
Aveva Group (AVV) 3,153.00p 0.51%
GSK (GSK) 1,302.00p 0.46%
Airtel Africa (AAF) 137.20p 0.22%
St James's Place (STJ) 1,059.50p -0.05%
Halma (HLMA) 2,024.00p -0.05%
Diageo (DGE) 3,756.00p -0.08%
Relx plc (REL) 2,169.00p -0.09%
Experian (EXPN) 2,571.00p -0.23%

FTSE 100 - Fallers

SEGRO (SGRO) 755.00p -6.21%
Land Securities Group (LAND) 536.20p -5.86%
Fresnillo (FRES) 690.60p -5.58%
British Land Company (BLND) 358.10p -5.44%
Intermediate Capital Group (ICP) 1,030.00p -5.37%
JD Sports Fashion (JD.) 107.55p -5.20%
Harbour Energy (HBR) 457.90p -5.02%
Unite Group (UTG) 887.50p -4.83%
Anglo American (AAL) 2,703.00p -4.77%
Antofagasta (ANTO) 1,060.50p -4.29%
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