FTSE 100 movers: Miners rally; Smiths Group falls on results

24th Sep 2024 14:29

(Sharecast News) - London's FTSE 100 was up 0.1% at 8,271.32 in afternoon trade on Tuesday.

Heavily-weighted miners Antofagasta, Anglo American, Rio Tinto and Glencore rallied as iron ore and copper prices rose on the back of new stimulus measures in China.

Prudential and Standard Chartered - both of which have exposure to China - were also in the black.

Engineering solutions business Smiths Group was under the cosh as its full-year adjusted pre-tax profit missed estimates. The company also announced the acquisitions of two North American companies to bolt on to its HVAC and Flex-Tek businesses for a combined £110m.

LondonMetric was weaker as the real estate investor and developer said it had appointed British Land's head of real estate as its new chief investment officer.

Darren Richards will join the company in this newly created role and be part of the senior leadership team reporting directly to chief executive Andrew Jones.

FTSE 100 - Risers

Antofagasta (ANTO) 1,951.50p 6.93%

Anglo American (AAL) 2,267.00p 6.81%

Prudential (PRU) 669.60p 4.85%

Rio Tinto (RIO) 5,056.00p 4.69%

Glencore (GLEN) 402.05p 4.47%

Standard Chartered (STAN) 784.60p 3.59%

Lloyds Banking Group (LLOY) 59.34p 2.13%

NATWEST GROUP (NWG) 342.70p 1.96%

Barclays (BARC) 227.55p 1.95%

Weir Group (WEIR) 2,148.00p 1.70%

FTSE 100 - Fallers

Smiths Group (SMIN) 1,706.00p -6.26%

Experian (EXPN) 3,800.00p -1.91%

London Stock Exchange Group (LSEG) 10,220.00p -1.30%

United Utilities Group (UU.) 1,042.00p -1.19%

LondonMetric Property (LMP) 204.40p -1.16%

Rolls-Royce Holdings (RR.) 524.20p -1.13%

Relx plc (REL) 3,623.00p -1.12%

SEGRO (SGRO) 872.80p -1.11%

Unite Group (UTG) 946.50p -1.05%

Berkeley Group Holdings (The) (BKG) 4,833.00p -1.04%