4th Apr 2018 10:44
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Fresnillo, up 2.5%. RBC Capital raised the gold miner to Sector Perform from Underperform. WM Morrison Supermarkets, up 1.6%. The latest industry data from Kantar Worldpanel showed the grocer's sales increased by 2.4%, with a resulting market share of 10.4%. "Growth at the retailer was helped by a strong performance in online sales, with Morrison's e-commerce offering proving particularly popular among younger, more affluent shoppers," Kantar said. Over the 12 weeks to March 25, Tesco saw sales rise 2.4% to keep its market share steady at 27.6%, the first time it has held share since December 2016. J Sainsbury saw a market share drop, down 0.3 percentage point to 15.8%, despite sales growth of 0.6%. Tesco and Sainsbury's shares were down 0.6% and up 0.3% respectively. ----------FTSE 100 - LOSERS----------WPP, down 1.1%. The advertising giant said that it has appointed independent counsel to conduct an investigation in response to an allegation of personal misconduct against Chief Executive Martin Sorrell. The investigation is ongoing, WPP said, and the allegations "do not involve amounts which are material to WPP". The Wall Street Journal had reported earlier that WPP's board was looking into whether Sorrell misused company assets, as well as investigating allegations of improper personal behavior made against the CEO.----------FTSE 250 - WINNERS----------Renishaw, up 2.0%. Goldman Sachs started coverage on the precision measurement products maker with a Buy rating. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Topps Tiles, down 9.5%. The floor coverings retailer said it anticipates revenue growth in the first half of its financial year, but remains cautious over its full year performance. Topps Tiles expects revenue to come in atRelated Shares:
TescoMRW.LRenishawFresnilloWPPSainsbury'sTopps Tiles