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