The London FTSE 100 fell 1.1% to 6,707.92 in afternoon trading on Friday amid inflation concerns.
The travel and leisure-related stocks were weaker among engine manufacturers Rolls Royce, Owner of British Airways IAG, Caterer Compass group and Premier Inn owners White bread everything lower. Traders cited concerns about a third wave in Europe after France imposed new lockdown measures on Thursday.
Meanwhile, supermarkets were the standout winners Morrisons, Ocado, and Sainsbury’s everything higher.
Elsewhere, National Network rose after HSBC upgraded shares to “Buy”. On Thursday, the company announced that it had agreed to buy Western Power Distribution (WPD) from PPL Corp in the US for £ 7.8 billion and Narragansett Electric (Neco) for $ 3.8 billion (Jan. , £ 7bn) to PPL to move its business towards electricity.
FTSE 100 riser
Morrison (Wm) Supermarkets (MRW) 179.90p 1.24%
Ocado Group (OCDO) 2,004.00p 1.21%
National Grid (NG.) 837.80p 1.06%
DCC (CDI) (DCC) 6,214.00p 1.01%
Sainsbury (J) (SBRY) 243.40p 1.00%
British American Tobacco (BATS) 2,789.00p 1.00%
Kingfisher (KGF) 315.60p 0.99%
Imperial Brands (IMB) 1,451.50p 0.83%
Avast (AVST) 473.00p 0.77%
Pennon Group (PNN) 970.00p 0.71%
FTSE 100 – Faller
Rolls-Royce Holdings (RR.) 118.85p -4.58%
International Consolidated Airlines Group SA (CDI) (IAG) 206.80p -4.17%
Anglo-American (AAL) 2,793.00p -3.77%
Burberry Group (BRBY) 2,037.00p -3.64%
HSBC Holdings (HSBA) 426.25p -3.47%
Standard Chartered (STAN) 486.00p -3.42%
Compass Group (CPG) 1,455.50p -3.39%
White bread (WTB) 3,314.00 p -3.18%
3i group (III) 1,145.00p -3.09%
Glencore (GLEN) 278.75p -3.04%