FTSE 100 movers: Inmarsat heads towards earth; Royal Mail up on sector chat

The FTSE was flat in late afternoon trade as losses made on the back of the slump in oil prices were pared back.

Inmarsat was under the cosh as FTSE Russell reported that the satellite communications company could be pushed out of the FTSE 100 by Hikma Pharmaceuticals. Hikma’s shares rallied on the news.

Weaker oil and commodity price sentiment hit miners Glencore and Antofagasta.

Royal Mail shares were up on suggestions there could be some consolidation within the sector.

3i shares jumped as the private equity firm said it had agreed to invest €181m in Schlemmer, a global leader in cable management solutions for the automotive industry for an undisclosed sum

The management team will also hold a significant equity stake. The business is being purchased from German private equity firm Hannover Finanz and the Mackprang Holding.

Market Movers

FTSE 100 (UKX) 6,270.13 -0.01%

FTSE 100 - Risers

Informa (INF) 684.00p 2.32%
Worldpay Group (WI) (WPG) 277.50p 2.06%
RSA Insurance Group (RSA) 491.60p 1.89%
Royal Mail (RMG) 541.50p 1.69%
Sage Group (SGE) 615.50p 1.65%
Rolls-Royce Holdings (RR.) 625.00p 1.63%
3i Group (III) 560.50p 1.54%
GKN (GKN) 277.20p 1.35%
Pearson (PSON) 839.00p 1.27%
Direct Line Insurance Group (DLG) 376.10p 1.16%

FTSE 100 - Fallers

Inmarsat (ISAT) 726.50p -2.94%
Standard Chartered (STAN) 535.70p -1.55%
ITV (ITV) 217.20p -1.50%
Antofagasta (ANTO) 430.80p -1.42%
Glencore (GLEN) 132.40p -1.41%
Kingfisher (KGF) 370.00p -1.23%
British Land Company (BLND) 751.00p -1.18%
Tesco (TSCO) 165.30p -1.17%
Hammerson (HMSO) 582.50p -1.02%
International Consolidated Airlines Group SA (CDI) (IAG) 538.50p -1.01%