London’s FTSE 100 was up 0.1% at 7,026.00 in quiet afternoon trade on Monday.
Vodafone rose after saying that a consortium led by its Safaricom subsidiary has been awarded a licence to operate telecom services in Ethiopia.
The consortium will establish a new operating company in Ethiopia which aims to start providing telecommunications services from 2022, Vodafone said.
On the downside, miners Antofagasta, BHP and Rio all lost ground as metals prices fell after China warned against excessive speculation in commodities, saying there would be “zero tolerance” for monopolies in spot and futures markets, and for speculation and hoarding.
In particular, iron ore prices slumped nearly 10% on the news.
FTSE 100 – Risers
Compass Group (CPG) 1,571.00p 2.05%
Entain (ENT) 1,609.50p 1.93%
Pershing Square Holdings Ltd NPV (PSH) 2,580.00p 1.57%
Flutter Entertainment (CDI) (FLTR) 13,110.00p 1.39%
Vodafone Group (VOD) 129.08p 1.26%
Spirax-Sarco Engineering (SPX) 12,400.00p 1.22%
Intermediate Capital Group (ICP) 2,056.00p 1.18%
InterContinental Hotels Group (IHG) 4,879.00p 1.14%
Whitbread (WTB) 3,124.00p 1.07%
Hikma Pharmaceuticals (HIK) 2,478.00p 0.85%
FTSE 100 – Fallers
Fresnillo (FRES) 867.40p -1.66%
Antofagasta (ANTO) 1,514.00p -1.62%
Barratt Developments (BDEV) 744.20p -1.35%
BHP Group (BHP) 2,093.00p -1.11%
Rio Tinto (RIO) 5,938.00p -0.93%
NATWEST GROUP PLC ORD 100P (NWG) 200.70p -0.89%
United Utilities Group (UU.) 983.60p -0.89%
Standard Chartered (STAN) 502.60p -0.87%
Taylor Wimpey (TW.) 168.75p -0.79%
Admiral Group (ADM) 2,916.00p -0.75%
