London’s FTSE 100 was up 0.6% at 6,962.96 in afternoon trade on Tuesday.
Paper and packaging firms were among the standout gainers, with Smurfit Kappa and DS Smith both sharply higher.
Energy firms and housebuilders, which rallied on Monday after chancellor Jeremy Hunt’s fiscal statement, were giving back some gains. British Gas owner Centrica, Taylor Wimpey, Barratt and Berkeley were all down.
Housebuilders were also likely weaker on read-across from peer Bellway, which earlier reported a jump in full-year profit amid record revenues and completions, but said demand was moderating.
Miner Rio Tinto was a smidgen lower after it trimmed its full-year production guidance as the weakening global economic outlook weighed on the third quarter.
FTSE 100 – Risers
Smurfit Kappa Group (CDI) (SKG) 2,865.00p 7.10%
Rolls-Royce Holdings (RR.) 74.49p 4.08%
Smith (DS) (SMDS) 285.40p 3.90%
Pershing Square Holdings Ltd NPV (PSH) 2,710.00p 3.83%
International Consolidated Airlines Group SA (CDI) (IAG) 119.00p 3.44%
United Utilities Group (UU.) 921.80p 3.36%
St James’s Place (STJ) 1,022.00p 3.25%
CRH (CDI) (CRH) 2,989.00p 3.14%
Spirax-Sarco Engineering (SPX) 10,895.00p 3.12%
Halma (HLMA) 2,089.00p 3.01%
FTSE 100 – Fallers
Centrica (CNA) 70.42p -2.60%
Harbour Energy (HBR) 391.20p -2.47%
Taylor Wimpey (TW.) 90.20p -1.18%
Airtel Africa (AAF) 126.20p -1.17%
Barratt Developments (BDEV) 355.80p -1.17%
Imperial Brands (IMB) 1,992.00p -0.75%
SEGRO (SGRO) 761.40p -0.73%
HSBC Holdings (HSBA) 469.70p -0.33%
Rio Tinto (RIO) 4,808.00p -0.25%
Berkeley Group Holdings (The) (BKG) 3,453.00p -0.20%
