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FTSE 100 movers: Rolls-Royce rallies; Entain loses ground

By Michele Maatouk

Date: Thursday 23 Sep 2021

FTSE 100 movers: Rolls-Royce rallies; Entain loses ground

(Sharecast News) - London's FTSE 100 was flat at 7,086.14 in afternoon trade on Thursday.
Engine maker Rolls-Royce was the standout gainer on the index as Berenberg upped its price target on the shares to 160p from 150p.

The bank, which rates the stock at 'buy', said the decision by the US this week to open its borders to vaccinated individuals is a positive step towards a more robust recovery in long-haul travel, which has lagged domestic travel markets.

"For Rolls-Royce, it will help to perpetuate positive trends in engine flying hours (EFH) into H1 2022 and beyond, in our view," it said.

Ladbrokes owner Entain was weaker following strong gains in the last couple of days on the back of a takeover offer from US-based DraftKings.

Investment platform Hargreaves Lansdown was also in the red as it traded without entitlement to the dividend.

FTSE 100 - Risers

Rolls-Royce Holdings (RR.) 125.92p 3.06%
Antofagasta (ANTO) 1,449.00p 2.01%
Lloyds Banking Group (LLOY) 44.66p 1.55%
Scottish Mortgage Inv Trust (SMT) 1,447.00p 1.51%
Rightmove (RMV) 747.00p 1.30%
Glencore (GLEN) 328.25p 1.25%
3i Group (III) 1,334.00p 1.21%
Halma (HLMA) 3,147.00p 1.19%
Ferguson (FERG) 10,680.00p 1.18%
Burberry Group (BRBY) 1,845.50p 1.12%

FTSE 100 - Fallers

Entain (ENT) 2,275.00p -4.29%
Polymetal International (POLY) 1,313.50p -2.41%
Hargreaves Lansdown (HL.) 1,411.00p -1.98%
Prudential (PRU) 1,398.00p -1.62%
International Consolidated Airlines Group SA (CDI) (IAG) 172.00p -1.43%
BT Group (BT.A) 158.20p -1.31%
Flutter Entertainment (CDI) (FLTR) 15,725.00p -1.04%
Pearson (PSON) 716.00p -1.02%
National Grid (NG.) 938.80p -0.87%
BP (BP.) 314.20p -0.81%


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