London’s FTSE 100 was up 0.2% at 7,464.54 in afternoon trade on Friday as investors mulled the last non-farm payrolls report.
Oil giant BP was the standout gainer on the index after an upgrade to ‘outperform’ at Exane.
Miners were also on the rise as metals prices advanced, with Rio Tinto, BHP, Anglo American and Glencore all higher.
Rio was also boosted by an upgrade to ‘buy’ at Berenberg. “After a 25% relative underperformance versus BHP in 2021, we think that i) higher iron ore prices than consensus, ii) the benefit of index inflows following BHP’s exit from the FTSE 100, iii) net-underweight Chile, and iv) still-strong shareholder returns will lead the stock to outperform,” it said.
B&M European Value Retail was the worst performer on the top-flight index a day after it said full-year profits were set to be above analyst expectations following a “strong” performance over the Christmas period.
FTSE 100 – Risers
BP (BP.) 361.35p 1.75%
Rio Tinto (RIO) 5,166.00p 1.73%
BHP Group (BHP) 2,279.00p 1.51%
Prudential (PRU) 1,303.50p 1.40%
Anglo American (AAL) 3,207.50p 1.37%
Lloyds Banking Group (LLOY) 52.65p 1.25%
Legal & General Group (LGEN) 303.70p 1.23%
Glencore (GLEN) 393.05p 1.21%
JD Sports Fashion (JD.) 215.00p 1.03%
Standard Chartered (STAN) 482.20p 1.03%
FTSE 100 – Fallers
B&M European Value Retail S.A. (DI) (BME) 604.40p -2.45%
Aveva Group (AVV) 3,058.00p -2.43%
Diageo (DGE) 3,895.00p -2.10%
Ocado Group (OCDO) 1,557.00p -2.04%
International Consolidated Airlines Group SA (CDI) (IAG) 158.48p -1.92%
Burberry Group (BRBY) 1,787.00p -1.81%
Dechra Pharmaceuticals (DPH) 4,496.00p -1.49%
InterContinental Hotels Group (IHG) 4,961.00p -1.41%
Smith & Nephew (SN.) 1,293.00p -1.41%
Spirax-Sarco Engineering (SPX) 15,330.00p -1.32%
