FTSE 100 movers: DS Smith boosted by upgrade; St James's Place slumps

London’s FTSE 100 was down 0.9% at 7,582.95 in afternoon trade on Friday.

Paper and packaging group DS Smith was in the black, apparently on the back of a rating upgrade at Bank of America Merrill Lynch. Peer Mondi also gained.

On the downside, St James’s Place slumped as it emerged it is considering raising up to £1bn by the end of the decade to help support succession plans.

The wealth management firm told the Financial Times it wanted to use the funds to buy up the businesses of retiring partners. The blue chip’s 914,000 clients are spread across SJP’s network of 2,622 partner firms.

FTSE 100 - Risers

Anglo American (AAL) 1,849.20p 3.00%
Smith (DS) (SMDS) 310.80p 2.81%
Glencore (GLEN) 466.15p 2.73%
Pershing Square Holdings Ltd NPV (PSH) 3,428.00p 1.60%
Scottish Mortgage Inv Trust (SMT) 787.80p 1.52%
Mondi (MNDI) 1,534.50p 1.45%
Airtel Africa (AAF) 122.10p 1.33%
Ocado Group (OCDO) 727.60p 1.25%
Land Securities Group (LAND) 717.00p 1.24%
Rio Tinto (RIO) 5,722.00p 1.22%

FTSE 100 - Fallers

St James's Place (STJ) 667.00p -6.19%
Rolls-Royce Holdings (RR.) 289.40p -3.53%
Auto Trader Group (AUTO) 704.80p -3.53%
Smith & Nephew (SN.) 1,050.50p -2.91%
Informa (INF) 766.40p -2.62%
AstraZeneca (AZN) 10,204.00p -2.52%
Melrose Industries (MRO) 550.00p -2.34%
Rightmove (RMV) 561.80p -2.30%
Barclays (BARC) 146.78p -2.15%
British American Tobacco (BATS) 2,312.00p -2.08%