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27 May, 2022 14:50 27 May, 2022 14:50

FTSE 100 movers: Scottish Mortgage rallies; energy shares slump

dl harbour energy everest platform oil gas offshore rig ftse 250
Harbour EnergyCompany photo / Harbour Energy

London’s FTSE 100 was up 0.3% at 7,584.48 in afternoon trade on Friday.

Tech-heavy Scottish Mortgage Investment Trust was the standout gainer on the index, while Asia-focused insurer Prudential also gained.

On the downside, Harbour Energy, SSE and National Grid were all lower after the government announced a £5bn windfall tax on oil and gas producers on Thursday.

BP was also in the red as the oil giant said it would review its North Sea investments following news of the windfall tax.

FTSE 100 - Risers

Scottish Mortgage Inv Trust (SMT) 782.80p 4.96%
Prudential (PRU) 1,032.50p 2.53%
Melrose Industries (MRO) 129.15p 2.50%
NATWEST GROUP PLC ORD 100P (NWG) 228.80p 2.37%
Compass Group (CPG) 1,817.00p 2.37%
Experian (EXPN) 2,669.00p 2.34%
Spirax-Sarco Engineering (SPX) 10,560.00p 2.13%
Rentokil Initial (RTO) 509.20p 2.11%
Burberry Group (BRBY) 1,675.00p 2.07%
Sage Group (SGE) 674.60p 2.06%

FTSE 100 - Fallers

Harbour Energy (HBR) 392.30p -8.38%
ITV (ITV) 71.58p -2.59%
SSE (SSE) 1,743.00p -2.16%
Fresnillo (FRES) 799.80p -1.74%
National Grid (NG.) 1,166.50p -1.69%
Pearson (PSON) 745.60p -1.58%
Endeavour Mining (EDV) 1,809.00p -1.58%
Informa (INF) 544.20p -1.45%
BP (BP.) 428.95p -1.45%
Coca-Cola HBC AG (CDI) (CCH) 1,749.50p -1.44%


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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.

The value of investments can fall and you may get back less than you invested.