FTSE 100 movers: Anglo American up while Admiral slumps

The FTSE 100 was trading up on Monday afternoon, as investors shrugged off weaker Chinese production and consumption data, with miners leading the charge.

Embattled miner Anglo American was among the leaders, after news its boss Mark Cutifani took home a smaller pay cheque in 2015. His total remuneration for the year was £3.4m, down from £3.7m, in the same year the company revealed it was shrinking in size by almost two thirds. His base salary was £1.26m, up 2%, but his bonus dropped 38% to £966,000.

Aberdeen Asset Management was also leading the risers, after Morgan Stanley reaffirmed its 'underweight' rating in a research report issued to clients and investors. The financial services company currently had a price target of 269p on the stock, with its price objective pointing to a potential downside of 0.48% from Aberdeen's previous close.

Among the fallers, Admiral was under the cosh following downgrades from HSBC and Bank of America Merrill Lynch. BofA downgraded the stock to 'underperform' from 'neutral' as it took a look at the UK non-life insurance sector. It said Admiral's valuation had reached levels it genuinely struggled to justify, now trading at 18.1x forward earnings.

Randgold Resources was also among the bottom few, having been downgraded to 'outperform' from 'market perform' by research analysts at BMO Capital in a report issued on Monday. The stock had been the subject of a number of reports in recent weeks, with the most recent being Morgan Stanley downgrading it to 'equalweight' from 'overweight' on 7 March. It had also recently disclosed a dividend, which would be paid on 27 May.

Risers

Aberdeen Asset Management (ADN) 289.70p 7.18%
Glencore (GLEN) 150.40p 6.14%
Anglo American (AAL) 545.80p 5.86%
Ashtead Group (AHT) 819.50p 4.39%
InterContinental Hotels Group (IHG) 2,845.00p 4.37%
Old Mutual (OML) 189.40p 4.07%
Berkeley Group Holdings (The) (BKG) 3,088.00p 3.69%
Standard Chartered (STAN) 484.30p 3.53%
Taylor Wimpey (TW.) 183.80p 3.43%
Barratt Developments (BDEV) 560.00p 2.94%

Fallers

Provident Financial (PFG) 2,987.00p -3.46%
Aviva (AV.) 483.40p -2.42%
Admiral Group (ADM) 1,878.00p -1.93%
Barclays (BARC) 164.20p -1.08%
Randgold Resources Ltd. (RRS) 6,260.00p -1.03%
Centrica (CNA) 228.20p -0.70%
Rolls-Royce Holdings (RR.) 681.50p -0.66%
Standard Life (SL.) 362.20p -0.60%
BP (BP.) 346.60p -0.52%
Schroders (SDR) 2,690.00p -0.30%