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FTSE 100 movers: Miners slump; Rightmove boosted by upgrade

By Michele Maatouk

Date: Thursday 23 Jan 2020

FTSE 100 movers: Miners slump; Rightmove boosted by upgrade

(Sharecast News) - London's FTSE 100 was down 0.6% at 7,525.49 in afternoon trade on Thursday.
Amid worries about the spread of coronavirus, Russian steelmaker Evraz slumped, while miners Antofagasta, Rio Tinto, Anglo American and Glencore were all weaker. China is a big consumer of commodities so mining stocks are particularly exposed to its economic fortunes.

Travel shares were also under pressure, with British Airways parent IAG and budget airline easyJet both flying lower, while cruise operator Carnival sank.

InterContinental Hotels was also on the back foot on news that it will allow guests to charge or cancel stays at most Chinese hotels scheduled up to 3 February at no additional cost.

Going the other way, Rightmove was in the green after an upgrade to 'neutral' from 'underweight' at JPMorgan, which lifted its price target on the stock to 658p from 433p.

FTSE 100 - Risers

Phoenix Group Holdings (PHNX) 755.10p 1.49%
Taylor Wimpey (TW.) 218.70p 1.06%
Rolls-Royce Holdings (RR.) 654.80p 0.89%
Croda International (CRDA) 5,115.00p 0.89%
Land Securities Group (LAND) 966.00p 0.88%
Persimmon (PSN) 3,027.00p 0.87%
Rightmove (RMV) 675.20p 0.78%
British Land Company (BLND) 582.40p 0.69%
Pearson (PSON) 578.60p 0.52%
SSE (SSE) 1,510.50p 0.50%

FTSE 100 - Fallers

Evraz (EVR) 373.90p -6.67%
Antofagasta (ANTO) 860.80p -5.09%
International Consolidated Airlines Group SA (CDI) (IAG) 608.00p -4.10%
Carnival (CCL) 3,450.00p -3.69%
InterContinental Hotels Group (IHG) 4,813.00p -3.65%
easyJet (EZJ) 1,477.00p -3.27%
Rio Tinto (RIO) 4,458.50p -3.15%
Anglo American (AAL) 2,124.00p -3.01%
Glencore (GLEN) 228.45p -2.83%
Ocado Group (OCDO) 1,294.50p -2.78%


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