FTSE 100 watch: Footsie flat after three-day rally

on Jul 4, 2014
Updated: Apr 9, 2020

iNVEZZ.com, Friday, July 4: The UK benchmark index has been little changed today, remaining on track for a gain this week following yesterday’s upbeat US jobs data.

EasyJet Plc (LON:EZJ) has soared to the top of the FTSE 100 leaderboard after revealing that its June passenger traffic had climbed more than 10 percent year-on-year.
**Blue-chip index little changed**
As of 12:43 BST, the Footsie had added 3.25 points to stand 0.05 percent higher at 6,868.46. The blue-chip index is on track to post its best week since early May, finding support in the US payrolls data released yesterday.

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Reuters quoted Markus Huber, senior analyst at Peregrine & Black, as forecasting subdued trading today with very little data out in Europe and US markets closed for the Independence Day holiday.
“While sentiment remains positive, it wouldn’t come as too much of a surprise if (there was) a little bit of profit-taking,” he said. “Stocks had a good week so far and taking a bit of money off the table might not be a bad idea.”

**FTSE 100 winners and losers**
The standout Footsie riser has been easyJet which today reported that it had carried 10.1 percent more passengers last month as compared with June last year. (EasyJet share price: Passenger traffic surges in June) EasyJet’s share price has added 1.85 percent to 1,373.00p so far today. British Airways owner International Consolidated Airlines Group (LON:IAG), which unveiled upbeat June traffic numbers yesterday, has climbed 1.04 percent to 369.00p.

Shares in BT Group (LON:BT.A) have been in demand after the company agreed a deal which will protect its defined pension scheme from costs related to longer life expectancies. BT’s share price currently stands 0.31 percent higher at 390.10p.

Vodafone (LON:VOD) has posted gains after Citigroup included the stock in its ‘focus Europe list’. The Telegraph quoted the broker as saying that Vodafone had won “the prize for the ‘worst performing big-cap high dividend yield stock’ year-to-date”.
“Vodafone has underperformed by 21pc since the start of this year, partly as a result of corporate action speculation unwind,” Citigroup added. Vodafone’s share price has added 0.38 percent to 197.30p.
Sports Direct (LON:SPD) has been the most notable blue-chip faller after the Guardian reported that top shareholders would vote against the re-election of the group’s chairman and other board members at its annual general meeting, in protest of the 2015 Bonus Plan pushed through this week. (Sports Direct share price: Company to face investor revolt at AGM) As of 12:57 BST, Sports Direct’s share price had lost 1.37 percent to 758.50p.
**The FTSE 100 was 0.01 percent up at 6,865.93 points as of 13:33 BST on July 4, 2014.**


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