London’s FTSE 100 was up 1.1% at 7,571.91 in afternoon trade on Thursday, while sterling slid after the Bank of England hiked rates to the highest level in 13 years.
Endeavour Mining surged as it reported a strong start to the year and said both production and all-in sustaining costs were well positioned to meet full-year guidance.
Paper and packaging group Mondi also rose after reporting a strong first-quarter performance late on Wednesday and announcing plans to sell its Russian assets.
On the downside, Hikma Pharmaceuticals tumbled after it cut guidance for its generics business, citing a delay to the launch of a narcolepsy treatment.
Banks were under the cosh, while online supermarket Ocado was on the back foot despite an upgrade to ‘hold’ at HSBC.
FTSE 100 – Risers
Endeavour Mining (EDV) 2,086.00p 7.47%
Mondi (MNDI) 1,597.50p 6.36%
Avast (AVST) 539.80p 6.18%
Aveva Group (AVV) 2,298.00p 5.08%
Anglo American (AAL) 3,650.50p 4.08%
Glencore (GLEN) 501.30p 3.94%
SEGRO (SGRO) 1,205.50p 3.70%
Ashtead Group (AHT) 4,227.00p 3.60%
Pershing Square Holdings Ltd NPV (PSH) 2,785.00p 3.53%
Fresnillo (FRES) 793.00p 3.44%
FTSE 100 – Fallers
Hikma Pharmaceuticals (HIK) 1,703.50p -8.04%
Admiral Group (ADM) 2,363.00p -5.21%
NATWEST GROUP PLC ORD 100P (NWG) 213.20p -3.09%
Lloyds Banking Group (LLOY) 44.48p -2.56%
ITV (ITV) 73.24p -2.22%
Ocado Group (OCDO) 873.00p -2.11%
Aviva (AV.) 429.10p -1.22%
Whitbread (WTB) 2,812.00p -0.99%
Entain (ENT) 1,441.50p -0.93%
Prudential (PRU) 978.20p -0.87%
