FTSE 100 movers: Miners rally; Ocado slumps on results

London’s FTSE 100 was up 0.1% at 7,577.34 in afternoon trade on Tuesday.

Miners were on the front foot as metals price rose, with Anglo American, Glencore and Rio Tinto all higher.

St James’s Place was boosted by an upgrade to ‘overweight’ from ‘equalweight’ at Morgan Stanley.

On the downside, online supermarket Ocado slid after it said its annual loss grew as increased investment in its solutions business more than offset higher revenue. The statutory pre-tax loss widened to ร‚ยฃ176.9m in the year to the end of December from ร‚ยฃ52.3m a year earlier as revenue increased 7% to ร‚ยฃ2.5bn.

Elsewhere, Airtel Africa tumbled after funds managed by Warburg Pincus and Morningstar Investment sold 58m shares in the telecommunications group in a discounted placing.

DCC lost ground even as it said third-quarter profit rose in line with expectations as the sales and marketing group’s energy and healthcare businesses grew.

FTSE 100 – Risers

Anglo American (AAL) 3,493.00p 3.25%
Evraz (EVR) 468.60p 2.99%
Glencore (GLEN) 418.10p 2.53%
Rio Tinto (RIO) 5,646.00p 2.36%
International Consolidated Airlines Group SA (CDI) (IAG) 164.40p 2.05%
BT Group (BT.A) 197.10p 2.05%
St James’s Place (STJ) 1,548.50p 1.94%
Legal & General Group (LGEN) 289.10p 1.76%
InterContinental Hotels Group (IHG) 4,943.00p 1.60%
Persimmon (PSN) 2,438.00p 1.54%

FTSE 100 – Fallers

Ocado Group (OCDO) 1,235.00p -12.22%
Airtel Africa (AAF) 140.30p -9.48%
Flutter Entertainment (CDI) (FLTR) 10,710.00p -2.68%
Croda International (CRDA) 7,454.00p -2.46%
DCC (CDI) (DCC) 6,304.00p -2.41%
Auto Trader Group (AUTO) 638.60p -2.35%
Aveva Group (AVV) 2,811.00p -2.16%
London Stock Exchange Group (LSEG) 7,038.00p -2.09%
Sage Group (SGE) 695.00p -2.06%
Dechra Pharmaceuticals (DPH) 3,922.00p -1.95%

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