FTSE 100 movers: StanChart rallies on US-China deal; Hikma falls

By Michele Maatouk

Date: Monday 12 May 2025

(Sharecast News) - London's FTSE 100 was up 0.6% at 8,607.44 in afternoon trade on Monday after the US and China agreed a temporary deal to cut tariffs.
Asia-focused bank Standard Chartered was among the top performers on the index,

Heavily weighted miners also rose, with Glencore, Anglo American and Antofagasta all up thanks to a US-China deal to cut tariffs and rising base metals prices.

Precious metals miner Fresnillo slumped as gold prices lost their shine as investors turned away from safe havens amid trade deal optimism.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: "However, the precious metal is still 25% higher since the start of the year, indicating that nervousness remains about the global outlook."

Hikma Pharmaceuticals was also weaker after Trump wrote on his Truth Social site that drug prices would be cut by 59%.

FTSE 100 - Risers

Smurfit Westrock (DI) (SWR) 3,383.00p 8.08%
Standard Chartered (STAN) 1,153.00p 8.01%
CRH (CDI) (CRH) 7,468.00p 5.27%
Glencore (GLEN) 265.15p 5.09%
International Consolidated Airlines Group SA (CDI) (IAG) 311.60p 4.85%
Spirax Group (SPX) 6,455.00p 4.79%
Anglo American (AAL) 2,145.50p 4.74%
Antofagasta (ANTO) 1,812.50p 4.56%
InterContinental Hotels Group (IHG) 8,976.00p 4.25%
St James's Place (STJ) 1,067.00p 4.15%

FTSE 100 - Fallers

Fresnillo (FRES) 1,005.00p -5.28%
Marks & Spencer Group (MKS) 346.30p -3.27%
Relx plc (REL) 3,907.00p -3.05%
National Grid (NG.) 1,022.00p -3.04%
United Utilities Group (UU.) 1,079.00p -2.88%
Coca-Cola HBC AG (CDI) (CCH) 3,704.00p -2.73%
Next (NXT) 11,920.00p -2.49%
Beazley (BEZ) 866.00p -2.48%
Hikma Pharmaceuticals (HIK) 1,956.00p -2.40%
Auto Trader Group (AUTO) 839.60p -2.39%

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