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FTSE 100 movers: Pearson pushes higher ahead of update; Evraz retreats

By Michele Maatouk

Date: Tuesday 18 Jan 2022

FTSE 100 movers: Pearson pushes higher ahead of update; Evraz retreats

(Sharecast News) - London's FTSE 100 was down 0.6% at 7,568.66 in afternoon trade on Tuesday.
Russian steelmaker Evraz was the worst performer on the index, closely followed by Rightmove and Polymetal.

Going the other way, education publisher Pearson rallied ahead of its January trading update on Wednesday.

Oil giants Shell and BP gushed higher as oil prices surged. Neil Wilson, chief market analyst at Markets.com, said: "Oil prices jumped to their highest since 2014, with WTI above $85 and Brent at nearly $88. Concerns around supply after Yemen's Houthi group attacked oil tankers in the United Arab Emirates are certainly supportive as supply remains tight anyway.

"We could also attribute a certain amount of geopolitical risk premium from the situation on the Ukraine-Russia border. Of course, this rally to previous peaks has plenty talking about $100 oil again...not so sure this can last but a sustained break above the $85.60 highs could see a breakout to $90.

"Speculative positioning is not very stretched on the long side, though has jumped in the last week, so could have room there for upside. Goldman Sachs out with forecasts today saying Brent could hit $96 in 2022 and $105 in 2023."

FTSE 100 - Risers

BT Group (BT.A) 187.70p 3.67%
Vodafone Group (VOD) 123.24p 3.67%
Pearson (PSON) 637.20p 3.44%
Royal Dutch Shell 'A' (RDSA) 1,881.80p 2.12%
Royal Dutch Shell 'B' (RDSB) 1,884.00p 2.09%
Sainsbury (J) (SBRY) 296.90p 1.47%
BP (BP.) 399.40p 1.43%
DCC (CDI) (DCC) 6,362.00p 1.40%
M&G (MNG) 216.00p 0.98%
Lloyds Banking Group (LLOY) 55.67p 0.98%

FTSE 100 - Fallers

Evraz (EVR) 548.40p -4.29%
Rightmove (RMV) 661.80p -4.11%
Polymetal International (POLY) 1,109.50p -3.86%
Ashtead Group (AHT) 5,524.00p -3.76%
Dechra Pharmaceuticals (DPH) 4,072.00p -3.64%
Croda International (CRDA) 8,242.00p -3.42%
Halma (HLMA) 2,590.00p -3.00%
Ocado Group (OCDO) 1,415.00p -2.98%
B&M European Value Retail S.A. (DI) (BME) 547.40p -2.91%
Intermediate Capital Group (ICP) 1,881.50p -2.79%

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