FTSE 100 movers: Wolseley rises on strong Q3 sales

3rd Jun 2014 15:21

Currency movements put a dampener on third-quarter results at heating and plumbing products group Wolseley, but strong growth in the US and Nordic regions drove an acceleration in like-for-like sales to 5.1%, helping shares to rise strongly throughout today's session. Packaging and paper company Mondi Group climbed on the news it is set to acquire Graphic Packaging International's US bags and kraft paper business for $105m. The business's production base comprises an integrated kraft paper mill located in Arkansas, with production capacity of 135,000 tonnes a year, and nine bags plants across the States. easyJet was also flying higher after the airline was reported as saying it would consider operating out of Heathrow if a third runway were given the go-ahead there. Meanwhile, Anglo American was firmly in the red after Goldman Sachs reiterated its 'sell' rating and cut its target price from 1,240p to 1,180p.Supermarket stocks continued to fall, today hit by Kantar Worldpanel's announcement that both Tesco and Morrison suffered a drop in sales in the past 12 weeks. Although Sainsbury's sales climbed 0.9%, its market share fell to 16.5% from 16.7% a year ago. Kantar said price cuts by the big four supermarkets had led to a drop in the level of grocery inflation to 1.2%, the lowest level since May 2010. Both Melrose Industries and William Hill were in the red on the back of expectations they will both be demoted to the second tier index at tomorrow's quarterly review. FTSE 100 - RisersWolseley (WOS) 3,376.00p +1.99%easyJet (EZJ) 1,589.00p +1.92%Royal Dutch Shell 'B' (RDSB) 2,462.50p +0.57%Babcock International Group (BAB) 1,231.00p +0.57%Mondi (MNDI) 1,081.00p +0.37%Capita (CPI) 1,112.00p +0.36%SABMiller (SAB) 3,287.00p +0.35%Royal Dutch Shell 'A' (RDSA) 2,364.00p +0.32%Kingfisher (KGF) 387.60p +0.28%Unilever (ULVR) 2,686.00p +0.26%FTSE 100 - FallersAnglo American (AAL) 1,456.00p -2.38%National Grid (NG.) 877.50p -2.06%Melrose Industries (MRO) 274.30p -2.00%Morrison (Wm) Supermarkets (MRW) 194.80p -1.91%Fresnillo (FRES) 787.00p -1.87%Coca-Cola HBC AG (CDI) (CCH) 1,392.00p -1.83%Randgold Resources Ltd. (RRS) 4,320.00p -1.80%William Hill (WMH) 351.60p -1.73%Royal Mail (RMG) 517.50p -1.62%Sainsbury (J) (SBRY) 333.70p -1.59%NR