FTSE 100 risers and fallers: Vodafone climbs higher, while Sage slides

The FTSE 100 edged higher this week, rebounding on its final trading session with it climbing 45 points on Friday, hovering at 7,535 levels as of 15:10 GMT, representing a 0.25% increase from last week’s close.

FTSE 100 Risers

The blue-chip index avoided ending the week on a down beat with the help of Vodafone on Friday, with the British telecoms company seeing its share price rally more than 10% to 145p after it unveiled plans to spin off its mobile masts business.

Vodafone CEO Nick Read said that the newly formed tower business will become Europe’s largest, boasting 61,700 masts in 10 countries.

The telecoms company hopes to have new, independent unit setup within 18 months, with it expected to have an EBITDA of around €900 million (£802 million), Vodafone said in a statement.

‘Given the scale and quality of our infrastructure, we believe there is a substantial opportunity to unlock value for shareholders while capturing the significant industrial benefits of network sharing for the digital society,’ Read said.

Other notable blue-chip stocks this week include British-Swedish pharmaceutical company AstraZeneca and UK homebuilders Persimmon and Taylor Wimpey, with them all seeing their stocks climb 7.28%, 6.12% and 6% respectively.

Practise trading FTSE 100 and other major indices with an IG demo account.

FTSE 100 Fallers

Sage Group did its best to drag the index lower this week, with its share price tumbling more than 8% after recording a 10% fall in revenue derived from licencing its software on Thursday.

The share price decline is the steepest fall the software company has seen in the last 16 years.

Despite the decline in sales from the licencing of its software, investors may have overreacted somewhat to the news, with the group’s overall revenue climbing 5.3% to £476 million in Q3 and up 5.9% to £1.4 billion over the last nine months.

Meanwhile, British energy company SSE, hospitality group Whitbread and UK mining business Anglo American also had a tough week, with them all seeing their share prices tumble 6.7%, 6.5% and 6.5% respectively.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

European Central Bank meeting

Learn about how the ECB meeting affects interest rates and price stability ahead of the next announcement.

  • How might the next meeting affect the markets?
  • What are the key rate decisions to watch?
  • Why is the Governing Council announcement important for traders?

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.