FTSE 100 movers: Miners rally; IAG flies lower
By Michele Maatouk
Date: Friday 26 May 2023
(Sharecast News) - London's FTSE 100 was up 0.9% at 7,636.70 in afternoon trade on Friday.
Heavily-weighted miners gained as metals prices rose, with Antofagasta, Rio Tinto, Anglo American and Glencore all sharply higher.
IAG flew lower after British Airways cancelled at least 50 Heathrow flights at the start of the Bank holiday weekend due to a computer problem affecting online check-in.
Housebuilder Taylor Wimpey was on the back foot.
CMC Markets analyst Michael Hewson said: "The sharp rise in gilt yields seen in the past week or so is weighing on Persimmon, Taylor Wimpey and Barratt Developments, as consumers face the prospect of higher mortgage costs when it comes to refinancing, while general retailers are getting hit over concerns over lower sales volumes with Frasers Group, JD Sports, B&Q owner Kingfisher and Next all under pressure."
FTSE 100 - Risers
Antofagasta (ANTO) 1,394.00p 3.26%
Rio Tinto (RIO) 4,909.50p 3.18%
Anglo American (AAL) 2,323.00p 2.47%
M&G (MNG) 196.75p 2.45%
Endeavour Mining (EDV) 2,004.00p 1.93%
Glencore (GLEN) 423.05p 1.60%
Coca-Cola HBC AG (CDI) (CCH) 2,428.00p 1.55%
London Stock Exchange Group (LSEG) 8,458.00p 1.44%
Mondi (MNDI) 1,287.00p 1.42%
Centrica (CNA) 117.85p 1.38%
FTSE 100 - Fallers
Kingfisher (KGF) 227.10p -2.53%
Vodafone Group (VOD) 79.05p -2.48%
Frasers Group (FRAS) 667.00p -2.41%
Taylor Wimpey (TW.) 115.55p -1.58%
Land Securities Group (LAND) 605.60p -1.43%
British Land Company (BLND) 347.60p -1.39%
Convatec Group (CTEC) 206.20p -1.34%
Next (NXT) 6,344.00p -1.18%
International Consolidated Airlines Group SA (CDI) (IAG) 156.05p -1.05%
Whitbread (WTB) 3,241.00p -0.95%
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