London’s FTSE 100 was up 1.3% at 7,326.89 in afternoon trade on Tuesday.
Miners Anglo American, BHP and Rio Tinto all rallied as copper prices advanced. Rio also benefited from an upgrade to ‘hold’ from ‘sell’ at Liberum, which said the bad news is now priced in.
Ferguson racked up healthy gains after saying its expectations for annual results had increased as the plumbing and heating distributor reported a surge in first-quarter profit.
Aveva was a high riser after an initiation at ‘outperform’ by Bernstein.
Informa gained as it announced a special dividend and a plan to sell its data and research business, Informa Intelligence.
On the downside, AstraZeneca fell after a downgrade to ‘hold’ from ‘buy’ at Jefferies.
Barclays was knocked lower by a downgrade to ‘hold’ from ‘buy’ at Deutsche Bank, while St James’s Place was lower after a downgrade to ‘neutral’ from ‘overweight’ at JPMorgan.
FTSE 100 – Risers
Anglo American (AAL) 2,972.50p 5.69%
Ferguson (FERG) 12,145.00p 4.97%
Aveva Group (AVV) 3,330.00p 4.10%
Flutter Entertainment (CDI) (FLTR) 11,055.00p 4.05%
Informa (INF) 498.40p 3.90%
BHP Group (BHP) 2,138.50p 3.89%
3i Group (III) 1,451.50p 3.68%
Rio Tinto (RIO) 4,758.00p 3.60%
Evraz (EVR) 610.80p 3.56%
Darktrace (DARK) 429.60p 3.22%
FTSE 100 – Fallers
AstraZeneca (AZN) 8,203.00p -1.91%
Reckitt Benckiser Group (RKT) 6,109.00p -1.78%
Polymetal International (POLY) 1,309.50p -1.73%
B&M European Value Retail S.A. (DI) (BME) 630.40p -1.50%
Hikma Pharmaceuticals (HIK) 2,261.00p -0.79%
Pearson (PSON) 597.00p -0.67%
Barclays (BARC) 185.86p -0.64%
Vodafone Group (VOD) 112.28p -0.53%
Aviva (AV.) 397.40p -0.53%
St James’s Place (STJ) 1,571.50p -0.41%
