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07 Apr, 2021 15:38 07 Apr, 2021 15:46

FTSE 100 movers: Just Eat rallies; Flutter loses ground

ep repartidor de just eat
Repartidor de Just EatJUST EAT

London’s FTSE 100 was up 0.9% at 6,885.92 in afternoon trade on Wednesday, with sentiment underpinned by recovery hopes.

Just Eat was the top gainer, with traders suggesting that a strike at rival Deliveroo could be boosting the shares. The union for Deliveroo said earlier that workers are striking in a dispute over pay and conditions.

Socially distanced protests were held in cities including London, York, Sheffield, Reading and Wolverhampton, while supportive action was expected in Australia, France, the Netherlands, Ireland and Spain.

On the downside, Flutter Entertainment lost ground after it confirmed it is in a legal dispute with Fox Corp over its option to buy an 18.6% stake in US sports betting group FanDuel.

Murdoch-owned Fox wants to buy the stake at an $11.2bn valuation, which is the value that was set when Flutter bought a 37.2% stake from Fastball in December. However, Flutter argued that Fox's position that it has a right to acquire the interest in FanDuel based on that valuation is "incorrect" and that it should pay fair market value.

AstraZeneca was a little weaker after the UK health watchdog recommended that healthy under-30s be offered an alternative to its Covid-19 vaccine amid concerns about blood clots.

FTSE 100 - Risers

Just Eat Takeaway.Com N.V. (CDI) (JET) 7,123.00p 4.44%
Smith (DS) (SMDS) 427.10p 3.59%
Persimmon (PSN) 3,194.00p 3.30%
Taylor Wimpey (TW.) 188.20p 2.93%
Rio Tinto (RIO) 5,780.00p 2.72%
Smurfit Kappa Group (CDI) (SKG) 3,595.00p 2.68%
Legal & General Group (LGEN) 296.90p 2.66%
M&G (MNG) 219.40p 2.38%
Informa (INF) 583.80p 2.31%
BT Group (BT.A) 156.15p 2.29%

FTSE 100 - Fallers

Flutter Entertainment (CDI) (FLTR) 15,440.00p -1.94%
London Stock Exchange Group (LSEG) 7,250.00p -1.63%
Renishaw (RSW) 6,450.00p -1.15%
Avast (AVST) 460.60p -0.86%
Polymetal International (POLY) 1,428.00p -0.66%
Hikma Pharmaceuticals (HIK) 2,373.00p -0.59%
AstraZeneca (AZN) 7,147.00p -0.50%
Spirax-Sarco Engineering (SPX) 11,685.00p -0.47%
Weir Group (WEIR) 1,833.00p -0.41%
Whitbread (WTB) 3,486.00p -0.40%


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.