Only 25% of our 76 entrants are showing gains on their starting valuation on 1st September. The leader is still Sammy The Tammy with Douglas S in close pursuit. Mark Todd is now fourth behind Fiona Todd in third but the top ten shows just minor changes.
At the foot the bottom five are also much the same with Ross Grieve and This Time? trailing the field.
Energy costs were important issues this week and the price of Brent crude increased to 83.23 US dollars per barrel, a new three-year high. That put a spring in the step of BP and Shell shares, in the top six best performers again this week. Banks also led the way this week.
Sainsbury’s had a good week +3.9% after a battle to take over rival supermarket Morrisons ended in a sale to a US private equity company.
Only Standard Chartered plc outstripped Tesco’s performance posting more than 11% of an increase in share price as it revealed plans to give £500 million back to shareholders following a better than expected first half performance. The supermarket chain now expects to make an operating profit of between £2.5 billion and £2.6 billion in the full year.
The biggest risers this week on the FTSE 100 were:-
Standard Chartered plc +11.2%
Tesco plc +11.2%
HSBC Holdings +8.0%
Pershing Square Holdings +4.9%
BP plc +4.6%
Polymetal International +4.2%
Royal Dutch Shell +4.2%
The biggest fallers were:-
BT Group -7.9%
Next Plc -7.4%
Melrose Industries plc -4.6%
International Consolidated Airlines -4.4%
Whitbread plc -4.3%
Smith (DS) -4.0%