FTSE 100 movers: IAG flies higher; Evraz in the red

updated: 9 June 2021 at 2:53pm Author: Michele Maatouk

(Sharecast News) - London's FTSE 100 was down 0.3% at 7,078.60 in afternoon trade on Wednesday.
Russian steelmaker Evraz was the biggest loser on the index.

Going the other way, British Airways and Iberia parent IAG and engine maker Rolls-Royce rallied after the European Union approved vaccine passports. IAG gained despite the Competition and Markets Authority saying that it will be investigating BA as it may have broken consumer law by not offering refunds to customers who couldn't legally take flights during the pandemic.

Airlines were also benefiting from news that the US Centers for Disease Control and Prevention has relaxed travel advice for more than 110 countries and territories.

Elsewhere, artificial hip and knee maker Smith & Nephew was also in the black after Credit Suisse upgraded the shares to 'outperform' from 'neutral', lifting the price target to 1,805p from 1,560p.

The bank argued that S&N is an underappreciated elective surgery recovery play in the near term and that investors underestimate the combined power of recently-acquired growth drivers with corresponding return leverage mid-term.

FTSE 100 - Risers

International Consolidated Airlines Group SA (CDI) (IAG) 205.95p 4.00%
Smith & Nephew (SN.) 1,511.00p 2.61%
Just Eat Takeaway.Com N.V. (CDI) (JET) 6,726.00p 2.23%
AstraZeneca (AZN) 8,059.00p 1.56%
GlaxoSmithKline (GSK) 1,372.20p 1.51%
Informa (INF) 561.20p 1.41%
Compass Group (CPG) 1,649.00p 1.29%
Flutter Entertainment (CDI) (FLTR) 13,890.00p 1.28%
Rolls-Royce Holdings (RR.) 112.46p 0.95%
Royal Dutch Shell 'B' (RDSB) 1,328.40p 0.85%

FTSE 100 - Fallers

Evraz (EVR) 622.40p -3.29%
3i Group (III) 1,211.50p -2.77%
Persimmon (PSN) 3,144.00p -2.48%
Anglo American (AAL) 3,108.00p -2.36%
Renishaw (RSW) 5,420.00p -2.34%
Intermediate Capital Group (ICP) 2,230.00p -2.32%
Phoenix Group Holdings (PHNX) 716.00p -2.32%
Barclays (BARC) 180.88p -2.31%
Schroders (SDR) 3,572.00p -2.22%
Legal & General Group (LGEN) 275.40p -2.17%