FTSE 100 movers: Mondi in the red; telecoms rally

London’s FTSE 100 was down 0.2% at 7,595.54 in afternoon trade on Monday.

Packaging group Mondi was on the back foot after saying it had terminated a deal to sell its largest plant in Russia to an investment vehicle owned by Russian billionaire Viktor Kharitonin, citing a lack of progress in getting approvals.

Precious metals miners Endeavour and Fresnillo lost their shine as gold prices fell.

Going the other way, telecoms Vodafone, BT and Airtel Africa were among the top performers on the index.

Oil giants BP and Shell also gained as oil prices rose after Saudi Arabia said over the weekend that it will cut oil production next month and do "whatever is necessary" to lift prices.

Saudi said it would cut 1m barrels per day (bpd) in July, while OPEC+ said targets would decline by a further 1.4m bpd from next year.

FTSE 100 - Risers

Abrdn (ABDN) 211.40p 3.88%
Vodafone Group (VOD) 78.48p 3.77%
BT Group (BT.A) 146.00p 1.64%
BP (BP.) 481.90p 1.59%
Airtel Africa (AAF) 124.60p 1.55%
United Utilities Group (UU.) 1,052.50p 1.54%
London Stock Exchange Group (LSEG) 8,612.00p 1.39%
Shell (SHEL) 2,321.00p 1.35%
Smith & Nephew (SN.) 1,225.00p 1.32%
RS Group (RS1) 808.20p 1.15%

FTSE 100 - Fallers

Endeavour Mining (EDV) 2,090.00p -4.04%
Ocado Group (OCDO) 350.60p -2.12%
Fresnillo (FRES) 677.40p -2.08%
NATWEST GROUP (NWG) 260.70p -1.62%
Antofagasta (ANTO) 1,438.00p -1.27%
Mondi (MNDI) 1,278.00p -1.01%
Lloyds Banking Group (LLOY) 45.05p -0.87%
British Land Company (BLND) 352.50p -0.79%
Rolls-Royce Holdings (RR.) 148.85p -0.77%
JD Sports Fashion (JD.) 155.80p -0.70%