FTSE 100 movers: Miners rally; Just Eat slides

London’s FTSE 100 was up 0.1% at 7,134.46 in afternoon trade on Friday.
Miners Anglo American, Glencore, Rio and BHP were all higher, while precious metals miners Polymetal and Fresnillo also shone.

On the downside, Just Eat Takeaway shares slumped after the New York City Council approved legislation to cap commissions delivery apps can charge restaurants.

The new bill, which was approved on Thursday, limits the amount that delivery apps such as Uber Eats, DoorDash and GrubHub – which is owned by Just Eat Takeaway – can charge to 15% of food orders. The new measure will also stop the food delivery companies from charging more than 5% for marketing.

The changes come after restaurants complained about commissions of up 30%.

GrubHug said in a statement: “This permanent price control is flagrantly unconstitutional and will hurt local restaurants, delivery workers and diners across NYC. We will vigorously fight this illegal action.”

FTSE 100 – Risers

Anglo American (AAL) 3,053.00p 1.97%
Pershing Square Holdings Ltd NPV (PSH) 2,575.00p 1.78%
SEGRO (SGRO) 1,283.50p 1.42%
Glencore (GLEN) 329.10p 1.23%
BP (BP.) 299.70p 1.06%
Rio Tinto (RIO) 5,372.00p 1.05%
BHP Group (BHP) 2,254.50p 1.01%
International Consolidated Airlines Group SA (CDI) (IAG) 163.26p 0.95%
Polymetal International (POLY) 1,480.50p 0.82%
Fresnillo (FRES) 843.00p 0.79%

FTSE 100 – Fallers

Just Eat Takeaway.Com N.V. (CDI) (JET) 6,479.00p -6.45%
Sainsbury (J) (SBRY) 310.70p -2.85%
Ocado Group (OCDO) 2,028.00p -1.89%
ITV (ITV) 116.60p -1.48%
Auto Trader Group (AUTO) 620.40p -1.43%
Informa (INF) 529.20p -1.08%
Flutter Entertainment (CDI) (FLTR) 14,240.00p -0.94%
CRH (CDI) (CRH) 3,887.00p -0.87%
Prudential (PRU) 1,518.50p -0.85%
Smith & Nephew (SN.) 1,400.00p -0.81%

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