FTSE 100 movers: Dowlais gains; miners in the red

London’s FTSE 100 was up 0.2% at 7,915.22 in afternoon trade on Friday.

Dowlais was the standout gainer on the index. Russ Mould, investment director at AJ Bell, said: "The newly demerged Dowlais, essentially the automotive part of GKN demerged from Melrose, was the top riser on the index of leading UK shares with the shares chugging higher as investors react to the potential opportunities provided by the transition to electric vehicles in the industry it serves."

SSE was trading up after it announced the appointment of Barry O'Regan as chief financial officer and as an executive director with effect from 1 December.

O'Regan is currently FD of SSE Renewables as well as having responsibility for corporate finance across the whole of SSE. He trained as a chartered accountant with PWC in Dublin before joining Airtricity in 2005, and subsequently the SSE Group in 2008.

On the downside, miners retreated as copper prices fell, with Rio Tinto, Anglo American, Antofagasta, and Glencore all lower.