FTSE 100 movers: Relx boosted by broker note; St James's Place falls

London’s FTSE 100 was down 0.1% at 8,239.71 in afternoon trade on Wednesday.

Information and analytics firm Relx was among the top gainers as Redburn reinstated coverage of the shares at ‘buy’ with a 4,500p price target.

On the downside, utilities retreated, with United Utilities and Severn Trent both in the red.

St James’s Place was also weaker after Jefferies downgraded Ashmore to ‘hold’ from ‘buy’.

InterContinental Hotels edged lower after Morgan Stanley cut its stance on the shares to ‘underweight’ from ‘equalweight’.