FTSE 100 movers: B&M in the black; Rio Tinto falls on update

16th Jul 2024 14:07

(Sharecast News) - London's FTSE 100 was down 0.3% at 8,160.12 in afternoon trade on Tuesday.

B&M European Value Retail rallied as it reported a 2.4% increase in group revenues for the first quarter, driven by volume growth and its store opening program.

Airtel Africa gained after an upgrade to 'overweight' from 'neutral' at JPMorgan Cazenove.

Rio Tinto fell as the mining giant's second-quarter iron ore shipments were worse than expected due to a train derailment during the period.

Burberry was under the cosh again, after Cartier owner Richemont highlighted weak demand in China and Germany's Hugo Boss cut its annual sales guidance.

United Utilities and Severn Trent took a hit as Ofwat said it was expanding its investigation into how companies manage their wastewater treatment works and networks to include them both.

The regulator also served formal notices on Dŵr Cymru Welsh Water and Hafren Dyfrdwy.

The addition of four more water firms means there are now enforcement activities underway against all 11 water and wastewater firms in England and Wales.

FTSE 100 - Risers

B&M European Value Retail S.A. (DI) (BME) 465.40p 4.21%

JD Sports Fashion (JD.) 117.95p 2.88%

Airtel Africa (AAF) 119.30p 2.84%

Marks & Spencer Group (MKS) 304.90p 1.67%

Sainsbury (J) (SBRY) 265.20p 1.53%

Rolls-Royce Holdings (RR.) 455.40p 1.31%

Kingfisher (KGF) 271.30p 1.23%

F&C Investment Trust (FCIT) 1,040.00p 1.17%

Centrica (CNA) 137.45p 0.77%

Smith (DS) (SMDS) 426.40p 0.71%

FTSE 100 - Fallers

Rio Tinto (RIO) 4,982.50p -4.04%

Burberry Group (BRBY) 720.40p -3.17%

Glencore (GLEN) 457.30p -2.97%

United Utilities Group (UU.) 1,007.50p -2.66%

Severn Trent (SVT) 2,531.00p -2.58%

Anglo American (AAL) 2,306.50p -2.45%

Antofagasta (ANTO) 2,094.00p -2.38%

easyJet (EZJ) 482.80p -2.05%

International Consolidated Airlines Group SA (CDI) (IAG) 172.10p -1.71%

Entain (ENT) 666.40p -1.57%