FTSE 100 movers: Polymetal battered again; LSE sitting pretty

by | Mar 3, 2022

London’s FTSE 100 was down 0.9% at 7,362.55 in afternoon trade on Thursday.
Anglo-Russian precious metals miner Polymetal was the worst performer on the index.

ITV also slumped after the broadcaster said that annual profit surged as revenue rebounded from the Covid-19 crisis, but investors were concerned about its spending plans.

Admiral was weaker after it reported a rise in 2021 profits, driven by its motor insurance business and the release of reserves set aside for claims during the Covid pandemic, but reported a loss at its international insurance business.

Rentokil fell even as it posted a jump in full-year profits and revenue following a particularly strong performance from its pest control business.

GKN owner Melrose retreated as it shelved a planned payout to shareholders because of concerns caused by Russia’s invasion of Ukraine.

Going the other way, LSE was the standout gainer on the index after it reported a jump in an annual revenues, boosted by its $27bn acquisition of Refinitiv.

Miners rallied as metals prices rose, with Glencore, Anglo, Rio and Antofagasta all higher.

Sports betting and gaming group Entain also rose as it hailed a strong full-year performance, with a rise in core profits.

FTSE 100 – Risers

London Stock Exchange Group (LSEG) 6,878.00p 7.97%
Glencore (GLEN) 478.80p 5.79%
Anglo American (AAL) 4,082.50p 3.91%
Entain (ENT) 1,599.50p 2.53%
Persimmon (PSN) 2,429.00p 2.49%
Rio Tinto (RIO) 6,271.00p 2.33%
Rightmove (RMV) 699.60p 2.19%
Antofagasta (ANTO) 1,609.00p 2.06%
Berkeley Group Holdings (The) (BKG) 3,846.00p 1.91%
Royal Mail (RMG) 365.40p 1.78%

FTSE 100 – Fallers

Polymetal International (POLY) 209.40p -31.77%
ITV (ITV) 88.48p -20.04%
Admiral Group (ADM) 2,564.00p -13.32%
Rentokil Initial (RTO) 490.80p -6.19%
Melrose Industries (MRO) 135.85p -4.16%
WPP (WPP) 982.00p -4.05%
International Consolidated Airlines Group SA (CDI) (IAG) 136.18p -3.95%
Hargreaves Lansdown (HL.) 1,027.50p -3.61%
Pearson (PSON) 624.60p -3.19%
Smurfit Kappa Group (CDI) (SKG) 3,344.00p -3.18%

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