FTSE 100 movers: Brokers boost Babcock, Antofagasta
By Michele Maatouk
Date: Wednesday 04 Jun 2025
(Sharecast News) - London's FTSE 100 was up 0.3% at 8,817.09 in afternoon trade on Wednesday.
Babcock jumped as JPMorgan placed the shares on 'positive catalyst watch ahead of results on 25 June as it said the defence firm could raise guidance.
It said Babcock is "one of the big winners" in the UK Strategic Defence Review published on Monday.
Antofagasta was also boosted by the fact that JPMorgan placed its shares on 'positive catalyst watch' ahead of second-quarter results and reiterated its 'overweight' rating.
JPM said that since it double upgraded the shares to 'overweight in late February, the outlook for Antofagasta has improved despite ongoing macro and trade uncertainty.
"Copper prices have rebounded to near pre-Liberation Day levels while gold prices (a key byproduct) have risen 8% and cost inputs...have weakened over the same period."
Market Movers
FTSE 100 (UKX) 8,801.29 0.16%
FTSE 250 (MCX) 21,119.01 0.48%
techMARK (TASX) 4,902.98 0.48%
FTSE 100 - Risers
Babcock International Group (BAB) 1,066.00p 4.31%
Games Workshop Group (GAW) 15,950.00p 3.44%
Antofagasta (ANTO) 1,850.00p 3.15%
Hiscox Limited (DI) (HSX) 1,310.00p 2.58%
Anglo American (AAL) 2,233.50p 2.45%
Diageo (DGE) 2,039.00p 2.44%
St James's Place (STJ) 1,127.00p 2.27%
3i Group (III) 4,167.00p 2.21%
Glencore (GLEN) 288.50p 2.05%
Fresnillo (FRES) 1,262.00p 2.02%
FTSE 100 - Fallers
Marks & Spencer Group (MKS) 366.70p -2.11%
BP (BP.) 358.55p -1.87%
Haleon (HLN) 399.00p -1.51%
Hikma Pharmaceuticals (HIK) 2,100.00p -1.41%
Centrica (CNA) 161.70p -1.40%
Land Securities Group (LAND) 623.50p -1.27%
Shell (SHEL) 2,480.00p -1.20%
Flutter Entertainment (DI) (FLTR) 18,070.00p -1.15%
Sainsbury (J) (SBRY) 284.20p -1.04%
Aviva (AV.) 610.00p -1.01%
FTSE 250 - Risers
Discoverie Group (DSCV) 732.00p 15.64%
Ninety One (N91) 177.60p 9.49%
Chemring Group (CHG) 554.00p 6.74%
Indivior (INDV) 1,000.00p 4.88%
Wizz Air Holdings (WIZZ) 1,674.00p 4.69%
NextEnergy Solar Fund Limited Red (NESF) 69.50p 4.51%
Trustpilot Group (TRST) 236.40p 4.47%
Watches of Switzerland Group (WOSG) 434.00p 4.03%
JTC (JTC) 839.00p 3.84%
Burberry Group (BRBY) 1,092.50p 3.65%
FTSE 250 - Fallers
B&M European Value Retail S.A. (DI) (BME) 283.30p -14.67%
THG (THG) 25.32p -9.25%
Mobico Group (MCG) 30.38p -4.76%
Ferrexpo (FXPO) 48.75p -4.41%
Diversified Energy Company (DEC) 1,026.00p -2.84%
Aston Martin Lagonda Global Holdings (AML) 80.95p -2.70%
Abrdn (ABDN) 174.70p -2.67%
Energean (ENOG) 903.50p -2.22%
IG Group Holdings (IGG) 1,077.00p -2.09%
Workspace Group (WKP) 405.50p -2.05%
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