London’s FTSE 100 was up 0.8% at 7,533.75 in afternoon trade on Tuesday.
GKN owner Melrose Industries was the top gainer on the index, closely followed by online supermarket Ocado.
Croda International was also in the black after saying that it was targeting sales of £1bn by 2025 in its consumer care segment. It also said that trading in the first three months of 2022 has been robust, including a strong start for Consumer Care.
On the downside, Barclays shares slumped again after a share placing. According to terms seen by Bloomberg, 575m shares in the bank were placed via Goldman Sachs, at a range of between 147.50p and 150.75p a share.
A trader said it was “unconfirmed whether it was Qatar Investment Authority” who sold the shares.
Miners were also on the back foot, with Glencore, Anglo American, Antofagasta and Rio all lower.
FTSE 100 – Risers
Melrose Industries (MRO) 134.00p 7.63%
Ocado Group (OCDO) 1,168.50p 7.25%
International Consolidated Airlines Group SA (CDI) (IAG) 149.90p 7.13%
Coca-Cola HBC AG (CDI) (CCH) 1,700.50p 6.98%
Prudential (PRU) 1,141.00p 6.09%
JD Sports Fashion (JD.) 160.75p 5.86%
Croda International (CRDA) 7,944.00p 5.58%
Scottish Mortgage Inv Trust (SMT) 1,064.50p 5.55%
Smith (DS) (SMDS) 341.20p 5.41%
Intermediate Capital Group (ICP) 1,793.50p 5.28%
FTSE 100 – Fallers
Glencore (GLEN) 475.95p -4.73%
BAE Systems (BA.) 702.60p -3.96%
Anglo American (AAL) 3,780.00p -2.98%
Barclays (BARC) 155.90p -2.85%
BP (BP.) 372.55p -2.19%
Fresnillo (FRES) 710.00p -2.10%
British American Tobacco (BATS) 3,231.50p -2.05%
Antofagasta (ANTO) 1,675.50p -1.85%
Rio Tinto (RIO) 5,788.00p -1.28%
B&M European Value Retail S.A. (DI) (BME) 552.00p -1.25%
