FTSE 100 movers: Miners rally, BP gushes lower
By Michele Maatouk
Date: Monday 24 Aug 2026
(Sharecast News) - London's FTSE 100 was flat at 10,813.94 in afternoon trade on Monday.
Heavily-weighted miners Antofagasta and Anglo American were among the top performers as copper prices advanced.
On the downside, BP fell as oil prices retreated ahead of the US outlining fresh sanctions against Iran later in the day.
David Morrison at Trade Nation said: "Traders are now preparing to hear what US Treasury Secretary Scott Bessent will announce concerning additional sanctions on Iran. The Trump administration has threatened the toughest sanctions in history, with President Trump also warning of penalties for Iran's trading partners should they do business with the Islamic state.
"Tehran has condemned the threat. Iran's Supreme National Security Council secretary Mohsen Rezaei saying that it would halt all oil exports through the Strait of Hormuz and the wider Gulf if the US economic pressure continues. He added that joining the sanctions effort would be treated as an act of war against Iran. Meanwhile, global demand growth may be slowing, according to both OPEC and the International Energy Agency, but so are strategic reserves, which have been drawn on heavily to help offset the sharp drop in tankers transiting the Strait of Hormuz."
Elsewhere, GSK lost ground despite despite saying that its experimental hepatitis B drug had received its first global approval in Japan, while Jemperli has been granted priority review by the US Food and Drug administration as a potential treatment for rectal cancer.
FTSE 100 - Risers
Weir (WEIR) 2,894.00p 3.43%
Antofagasta (ANTO) 3,991.00p 2.20%
InterContinental Hotels Group (IHG) 162.85p 2.10%
International Consolidated Airlines Group SA (CDI) (IAG) 431.50p 2.06%
Anglo American (AAL) 4,150.00p 2.04%
Halma (HLMA) 3,578.00p 1.94%
Airtel Africa (AAF) 333.40p 1.89%
IG Group Holdings (IGG) 1,355.00p 1.80%
Diageo (DGE) 1,746.00p 1.57%
IMI (IMI) 3,088.00p 1.45%
FTSE 100 - Fallers
Autotrader Group (AUTO) 536.80p -1.83%
SSE (SSE) 2,348.00p -1.59%
BP (BP.) 540.80p -1.58%
Melrose Industries (MRO) 464.30p -1.55%
AstraZeneca (AZN) 12,094.00p -1.10%
Games Workshop Group (GAW) 18,470.00p -1.02%
BAE Systems (BA.) 2,104.00p -0.99%
GSK (GSK) 1,900.50p -0.96%
Pershing Square Holdings Ltd NPV (PSH) 3,882.00p -0.87%
Babcock International Group (BAB) 1,097.50p -0.86%
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