FTSE 100 movers: Housebuilders gain after inflation; utilities fall

(Sharecast News) - London's FTSE 100 was up 0.8% at 7,569.83 in afternoon trade on Wednesday. Coca-Cola HBC was the standout gainer on the top-flight index after it posted record profits for last year driven by surging sales and volumes for sparkling drinks and coffee combined with costs easing in the second half.

Housebuilders Persimmon, Taylor Wimpey and Barratt Developments also gained as the latest ONS data showed that UK inflation was steady in January and lower than expected, taking pressure off the Bank of England to keep rates higher for longer.

On the downside, United Utilities and Severn Trent were both in the red after trading updates.

FTSE 100 - Risers

Coca-Cola HBC AG (CDI) (CCH) 2,378.00p 7.80% Vodafone Group (VOD) 67.33p 4.96% Persimmon (PSN) 1,417.50p 4.11% BT Group (BT.A) 105.95p 3.57% JD Sports Fashion (JD.) 108.45p 2.84% Ocado Group (OCDO) 533.40p 2.66% Melrose Industries (MRO) 604.00p 2.55% Taylor Wimpey (TW.) 145.00p 2.51% NATWEST GROUP (NWG) 209.40p 2.45% Barratt Developments (BDEV) 477.50p 2.45%

FTSE 100 - Fallers

Entain (ENT) 936.80p -3.80% Anglo American (AAL) 1,722.60p -1.90% United Utilities Group (UU.) 1,014.00p -1.22% Glencore (GLEN) 388.55p -1.06% Centrica (CNA) 134.30p -0.92% Endeavour Mining (EDV) 1,272.00p -0.78% Severn Trent (SVT) 2,481.00p -0.56% Reckitt Benckiser Group (RKT) 5,686.00p -0.46% Fresnillo (FRES) 470.60p -0.25% Standard Chartered (STAN) 576.40p -0.21%