FTSE 100 movers: Shell gushes higher; travel & leisure stocks fall

London’s FTSE 100 was up 0.3% at 7,152.73 in afternoon trade on Monday.

Shell gushed higher following a report it is considering the sale of its Texas shale assets.

IG market analyst Joshua Mahony said: “Plans from Royal Dutch Shell to potentially sell their Permian Basin holdings could bring a windfall for shareholders, yet it also does highlight how those seeking exposure to higher energy prices will invariably look towards small caps.”

On the downside, travel and leisure stocks were under the cosh amid expectations that the lifting of England’s lockdown will be delayed by up to a month.

Engine maker Rolls-Royce, British Airways and Iberia parent IAG, Premier Inn owner Whitbread and InterContinental Hotels were all in the red. Events business Informa was also under pressure.

Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: “It has tried to generate revenues from virtual and hybrid events, but they are far from the cash cow that major in person events provide.”

FTSE 100 – Risers

Halma (HLMA) 2,789.00p 1.97%
Intermediate Capital Group (ICP) 2,333.00p 1.92%
Royal Dutch Shell ‘B’ (RDSB) 1,384.80p 1.85%
Sage Group (SGE) 670.60p 1.85%
Royal Dutch Shell ‘A’ (RDSA) 1,444.20p 1.68%
Admiral Group (ADM) 3,116.00p 1.60%
B&M European Value Retail S.A. (DI) (BME) 552.20p 1.40%
Smurfit Kappa Group (CDI) (SKG) 3,949.00p 1.39%
Croda International (CRDA) 7,128.00p 1.19%
Kingfisher (KGF) 344.80p 0.97%

FTSE 100 – Fallers

Rolls-Royce Holdings (RR.) 107.66p -3.82%
Informa (INF) 523.80p -3.57%
International Consolidated Airlines Group SA (CDI) (IAG) 196.08p -3.50%
Associated British Foods (ABF) 2,287.00p -2.97%
Polymetal International (POLY) 1,637.50p -1.95%
Whitbread (WTB) 3,253.00p -1.87%
InterContinental Hotels Group (IHG) 5,040.00p -1.56%
Flutter Entertainment (CDI) (FLTR) 13,705.00p -1.40%
Weir Group (WEIR) 1,872.50p -1.14%
Fresnillo (FRES) 851.20p -1.09%