FTSE 100 Results Week 10
The FTSE 100 started the week at 7387.94, touched as low as 7,158 points on Thursday, its lowest since March but gained 184.81 points on Friday to close at 7,418.15.
The FTSE 100 started the week at 7387.94, touched as low as 7,158 points on Thursday, its lowest since March but gained 184.81 points on Friday to close at 7,418.15.
Investors have many reasons to back away at the moment. Rising prices and higher interest rates are sure to hurt consumption while the war in Ukraine and the lockdowns in China are hampering global supplies and exacerbating inflation.
Few of these concerns are likely to be resolved soon. Interest rates are expected to keep rising until there is confidence that consumer prices are finally under control — something investors fear will result in an economic slump.
Miners Antofagasta, Glencore and Anglo American were among the worst-hit stocks. There was also a collapse in the share price of Fresnillo.
The top mover on the FTSE was Coca Cola up 14.9% and Compass Group, which rose 9.6% after beating expectations in the first half, upgrading its outlook for the full year, and announcing a half-billion-pound share buyback.
JD Sports, which set new profit guidance, ended the week up 6.4%, while B&Q owner Kingfisher, Sainsbury’s and B&M all saw strong showings.
This week’s best performers
Coca Cola +14.9%
Compass Group +9.6%
Next plc +8.9%
Kingfisher +7.7%
Phoenix Group +6.9%
JD Sports +6.4%
This week’s poorest performers
Antofagasta plc -7.4%
Avast plc -6.6%
Fresnillo-6.5%
International Consolidated Airlines -6.3%
Airtel Africa plc -5.7%
Glencore plc -5.4%
In our competition kenco still leads the way but Midge has moved into second and Fiona Spriddle is up from fifth to third. Lynsey Spriddle enters the top ten in seventh, otherwise the leaders places have only altered marginally.
No change for the four at the foot of the leaderboard but Ever Hopeful and George Primrose have edged closer to them.
Movers this week were Linda Primrose up 22 places with the best gain this week (£1991), Margaret Farquharson up 18 and Neil and Jean Spriddle both up 12. Going in the other direction were - Comrie Colliery down 37 places following a massive £2835 loss due to reliance on mining shares, Monty’s Paw down 19 and Mac Scot9 down 18.
