Sharecast - At 0910 GMT, the FTSE 100 was down 0.1% at 7,439.19, as market participants continued to mull recent comments from central bankers and the potential for rate cuts to come later than expected.
In equity markets, Flutter Entertainment PLC (LON:FLTRF) surged to the top of the FTSE 100 despite saying that fourth-quarter revenues in the US were below guidance due to customer-friendly results. Ladbrokes owner Entain (LON:ENT) also advanced.
Currys (LON:CURY) surged as the electricals retailer said full-year profit was set to be ahead of consensus expectations despite reporting a drop in sales.
Travis Perkins (LON:TPK) racked up strong gains after the builders' merchant and home improvement retailer reported a stabilisation of pricing in the fourth quarter and announced plans to ramp-up its cost-savings programme.
Cranswick (LON:CWK) was also a high riser as the meat producer said that adjusted pre-tax profit for the year to the end of March 2024 was set to be ahead of the board’s previous expectations after stronger-than-expected trading in the third quarter.
Specialty chemicals firm Elementis (LON:ELM) rallied as it said 2023 profit would be slightly ahead of expectations after a "resilient" fourth-quarter performance.
On the downside, B&M (LON:BMEB) and Compass (LON:CPG) were among the worst performers as they traded without entitlement to the dividend.
Sage Group (LON:SGE) lost ground despite backing its expectations for the full year and posting a rise in first-quarter revenue.
Watches of Switzerland (LON:WOSG) tumbled after it slashed its annual revenue guidance as demand for its luxury products fell amid the cost-of-living crisis, particularly in the UK, and said it expected volatile trading conditions to remain for the rest of its fiscal year.
Harbour Energy (LON:HBR) and Energean (LON:ENOG) both slid after trading and operations updates.
Market Movers
FTSE 100 (UKX) 7,439.19 -0.10%
FTSE 250 (MCX) 18,865.32 0.01%
techMARK (TASX) 4,294.80 0.61%
FTSE 100 - Risers
Flutter Entertainment (CDI) (FLTR) 14,790.00p 12.05%
Entain (ENT) 946.80p 5.81%
Anglo American (JO:AGLJ) (AAL) 1,780.80p 1.76%
St James's Place (STJ) 628.20p 1.29%
Rio Tinto (LON:RIO) 5,444.00p 1.15%
Legal & General Group (LGEN) 243.00p 1.00%
Rolls-Royce Holdings (LON:RR.) 299.10p 0.84%
CRH (CDI) (LON:CRH) 5,374.00p 0.60%
Barratt Developments (LON:BDEV) 522.40p 0.54%
Taylor Wimpey (LON:TW.) 141.65p 0.53%
FTSE 100 - Fallers
B&M European Value Retail S.A. (DI) (BME) 519.60p -4.31%
Hikma Pharmaceuticals (LON:HIK) 1,928.00p -1.88%
Sage Group (SGE) 1,134.50p -1.82%
Compass Group (LON:CPG) 2,155.00p -1.69%
IMI (LON:IMI) 1,584.00p -1.49%
Marks & Spencer Group (MKS (LON:MKS)) 249.80p -1.46%
Admiral Group (LON:ADML) (ADM) 2,524.00p -1.44%
Pearson (LON:PSON) 946.20p -1.38%
BAE Systems (LON:BAES) (BA.) 1,178.00p -1.17%
Ocado Group (LON:OCDO) 573.20p -1.17%
FTSE 250 - Risers
Ferrexpo (LON:FXPO) 79.20p 9.39%
Currys (CURY) 48.96p 7.70%
Elementis (ELM) 122.60p 4.25%
Travis Perkins (TPK) 769.40p 4.00%
Bakkavor Group (BAKK) 94.40p 3.06%
AJ Bell (AJB) 305.40p 2.76%
TUI (LON:TUIT) AG Reg Shs (DI) (TUI) 537.00p 2.48%
FDM Group (Holdings) (LON:FDM) 436.50p 2.34%
Bridgepoint Group (Reg S) (BPT) 264.80p 2.16%
Centamin (DI) (LON:CEY) 93.45p 2.13%
FTSE 250 - Fallers
Watches of Switzerland Group (WOSG) 416.80p -28.99%
Harbour Energy (HBR) 298.90p -5.65%
Discoverie Group (DSCV) 741.00p -2.50%
Future (FUTR (LON:FUTR)) 746.50p -2.16%
Energean (ENOG) 920.00p -2.13%
Dunelm Group (LON:DNLM) 1,019.00p -2.11%
TI Fluid Systems (TIFS) 137.40p -2.00%
Rathbones Group (RAT) 1,634.00p -1.92%
Twentyfour Income Fund Limited Ord Red (TFIF) 102.80p -1.91%
Big Yellow Group (LON:BYG) 1,087.00p -1.81%