FTSE 100 movers: Asos, Asia-focused names sought out

27th Jun 2023 14:50

(Sharecast News) -

According to The Times, Lingotto, the new fund backed Italy's billionaire Agnelli dynasty, which was chaired by George Osborne, had substantially raised its stake in the online grocer to above 5%.

Asia-focused StanChart and Prudential were close behind, riding on the coattails of remarks from Chinese premier Li Qiang.

Speaking at the World Economic Forum in Tianjin, Li said: "We will launch more practical and effective measures in expanding the potential of domestic demand, activating market vitality, promoting coordinated development, accelerating green transition, and promoting high-level opening to the outside world."

The plan, according to that same official, was for the country's rate of economic growth to pick up to approximately 5% over the second and third quarters of 2023.

That would be up from the 4.5% year-on-year clip observed during the first three months of the year.

Market Movers

FTSE 100 (UKX) 7,465.61 0.16%

FTSE 100 - Risers

Ocado Group (OCDO) 562.80p 6.07%

Vodafone Group (VOD) 72.34p 3.25%

International Consolidated Airlines Group SA (CDI) (IAG) 161.15p 2.61%

Standard Chartered (STAN) 671.80p 2.10%

Prudential (PRU) 1,097.50p 1.95%

Informa (INF) 713.20p 1.83%

Lloyds Banking Group (LLOY) 42.59p 1.51%

Kingfisher (KGF) 229.00p 1.51%

Auto Trader Group (AUTO) 602.80p 1.48%

Abrdn (ABDN) 210.20p 1.45%

FTSE 100 - Fallers

BT Group (BT.A) 123.35p -3.37%

JD Sports Fashion (JD.) 142.55p -2.76%

Croda International (CRDA) 5,488.00p -1.65%

Persimmon (PSN) 1,044.50p -1.65%

Convatec Group (CTEC) 206.40p -1.53%

BP (BP.) 453.25p -1.25%

GSK (GSK) 1,403.00p -1.18%

Fresnillo (FRES) 604.80p -1.11%

Admiral Group (ADM) 2,132.00p -1.02%

Halma (HLMA) 2,232.00p -1.02%