FTSE 100 movers: Glencore gains again; Tesco falls ahead of results

London’s FTSE 100 was 0.6% firmer at 7,834.99 in afternoon trade on Wednesday.

Sales, marketing and support services group DCC was the standout performer on the index.

Glencore was on the front foot again after sweetening its offer on Tuesday for Canada’s Teck Resources by proposing to add a cash element.

On the downside, precious metals miners Endeavour and Fresnillo both lost ground despite a jump in gold prices.

BA and Iberia owner IAG flew lower after a profit warning from American Airlines.

Flutter Entertainment was in the red. According to traders, Fastball placed 2.2m shares in the company at £149.50, with Goldman Sachs the bookrunner.

Supermarket retailer Tesco was also down ahead of its full-year results on Thursday.