FTSE 100 movers: LSE surges; housebuilders retreat
London’s FTSE 100 was up 1% at 6,447.58 in afternoon trade on Wednesday.
London Stock Exchange shares surged to the top of the index after a report that EU antitrust regulators are set to clear its $27bn (£20.2bn) purchase of data analytics company Refinitiv.
According to Reuters, clearance will be given after LSE adjusted concessions to address competition concerns.
On the downside, housebuilders retreated amid worries about a potential no-deal Brexit, having rallied a day earlier after solid house price data from mortgage lender Nationwide. Berkeley, Persimmon and Taylor Wimpey were all weaker.
Sainsbury’s and Morrisons were also under the cosh after rival supermarket retailer Tesco said it would repay £585m of Covid-19 business rates relief to the UK after Britain's supermarkets came under pressure to return the money. The supermarket chain said it had used all the money to respond to the pandemic but that its business had proved resilient.
The company's move will put pressure on Sainsbury's, Morrisons and other supermarkets that have paid dividends during the crisis to repay business rates relief.
FTSE 100 - Risers
London Stock Exchange Group (LSE) 8,642.00p 8.16%
BHP Group (BHP) 1,823.20p 3.77%
Associated British Foods (ABF) 2,252.00p 3.45%
Rio Tinto (RIO) 5,157.00p 3.19%
Imperial Brands (IMB) 1,417.50p 2.87%
Hikma Pharmaceuticals (HIK) 2,551.00p 2.82%
Coca-Cola HBC AG (CDI) (CCH) 2,243.00p 2.70%
BP (BP.) 261.80p 2.65%
Compass Group (CPG) 1,436.50p 2.50%
HSBC Holdings (HSBA) 415.75p 2.38%
FTSE 100 - Fallers
Berkeley Group Holdings (The) (BKG) 4,748.00p -2.88%
Kingfisher (KGF) 274.20p -2.70%
Persimmon (PSN) 2,765.00p -2.61%
Sainsbury (J) (SBRY) 210.50p -2.59%
Taylor Wimpey (TW.) 161.95p -2.47%
Avast (AVST) 474.40p -2.23%
Morrison (Wm) Supermarkets (MRW) 178.80p -2.19%
Tesco (TSCO) 224.30p -2.01%
Rightmove (RMV) 633.60p -1.83%
B&M European Value Retail S.A. (DI) (BME) 480.40p -1.70%
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