FTSE 100 movers: Miners rally; LSE hit by downgrade
By Michele Maatouk
Date: Thursday 08 Dec 2022
(Sharecast News) - London's FTSE 100 was flat at 7,487.43 in afternoon trade on Thursday.
Miners were on the rise, with Rio Tinto, Glencore and Antofagasta all up.
Packaging company DS Smith rallied after it lifted its full-year outlook as it hailed an "excellent" performance in the first half.
British Airways and Iberia owner IAG flew higher after an upgrade to 'buy' at Bank of America Merrill Lynch.
Sports Direct and House of Fraser owner Frasers Group slumped as it posted a jump in interim profits but warned over a challenging backdrop.
London Stock Exchange Group was knocked lower by a downgrade to 'neutral' from 'buy' at UBS, which cut its price target to 8,500p from 9,000p as it argued that forex headwinds will more than offset improving execution and valuation.
BT was down as the company's pension scheme told politicians it could require more support from the telecoms group after it made changes to its investment strategy.
FTSE 100 - Risers
Fresnillo (FRES) 891.20p 2.89%
Rio Tinto (RIO) 5,759.00p 2.55%
Glencore (GLEN) 552.60p 2.28%
Smith (DS) (SMDS) 323.60p 2.08%
International Consolidated Airlines Group SA (CDI) (IAG) 135.46p 2.02%
Harbour Energy (HBR) 306.30p 2.00%
Haleon (HLN) 311.40p 1.86%
BP (BP.) 472.65p 1.86%
Hargreaves Lansdown (HL.) 848.20p 1.58%
Antofagasta (ANTO) 1,433.50p 1.45%
FTSE 100 - Fallers
Frasers Group (FRAS) 810.00p -9.50%
London Stock Exchange Group (LSEG) 7,456.00p -5.48%
Intermediate Capital Group (ICP) 1,157.00p -4.89%
Dechra Pharmaceuticals (DPH) 2,636.00p -3.65%
Airtel Africa (AAF) 117.10p -3.38%
British American Tobacco (BATS) 3,313.00p -2.86%
BT Group (BT.A) 113.60p -2.82%
JD Sports Fashion (JD.) 122.85p -2.62%
Ocado Group (OCDO) 669.80p -2.33%
Vodafone Group (VOD) 85.72p -2.21%
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