FTSE 100 movers: JD Sports recovers; miners gain in tandem with metals prices

London's FTSE 100 was up 0.7% at 8,502.35 in afternoon trade on Friday.

JD Sports was the standout gainer, having fallen a day earlier after Citi downgraded its stance on the shares ‘neutral’ from ‘buy’ and cut its price target to 95p from 150p as it pointed to a weaker growth outlook.

The bank said it was updating estimates following soft peak trading and the company’s full-year guidance downgrade.

Citi cut its forecast for FY25 like-for-like and organic growth to 0.0% and 5%, respectively, from 1.1% and 6.4% growth, previously.

Miners Antofagasta, Glencore and Rio Tinto were all up as base metals prices rose.

Russ Mould, investment director at AJ Bell, said: "Copper, aluminium, lead, zinc and tin all saw higher prices amid a weaker dollar. Metals are typically priced in dollars and a decline in the US currency makes the commodities cheaper for buyers holding other currencies.

"Also putting a shine on metals prices was speculation that Donald Trump might not take the nuclear option regarding tariffs on China, potentially imposing a lower rate than has previously been suggested."

FTSE 100 - Risers

JD Sports Fashion (JD.) 84.76p 3.75%
Antofagasta (ANTO) 1,779.50p 2.86%
Diageo (DGE) 2,456.50p 2.29%
Glencore (GLEN) 381.00p 2.01%
Fresnillo (FRES) 691.50p 1.92%
Mondi (MNDI) 1,227.50p 1.91%
Prudential (PRU) 664.00p 1.84%
WPP (WPP) 740.00p 1.82%
Spirax Group (SPX) 7,730.00p 1.44%
Rio Tinto (RIO) 5,018.00p 1.42%

FTSE 100 - Fallers

Convatec Group (CTEC) 236.60p -2.07%
Taylor Wimpey (TW.) 116.45p -1.81%
Compass Group (CPG) 2,691.00p -1.79%
Centrica (CNA) 135.20p -1.74%
Marks & Spencer Group (MKS) 327.00p -1.74%
Auto Trader Group (AUTO) 765.80p -1.69%
SSE (SSE) 1,557.50p -1.67%
United Utilities Group (UU.) 967.60p -1.53%
Barclays (BARC) 294.20p -1.49%
National Grid (NG.) 955.40p -1.48%