FTSE 100 movers: Rio Tinto recovers; DS Smith goes ex-div

London’s FTSE 100 was down 0.7% at 7,444.42 in afternoon trade on Thursday after the Bank of England hiked interest rates by 50 basis points, as expected.

Housebuilders were on the rise, having fallen on Wednesday on the back of a note on the sector by JPMorgan Cazenove. Barratt, Berkeley and Taylor Wimpey all gained.

Miner Rio Tinto was in the black, having been knocked lower on Wednesday by a downgrade at JPM also.

DS Smith, Primark owner Associated British Foods and luxury fashion brand Burberry all fell as they traded without entitlement to the dividend.

FTSE 100 - Risers

International Consolidated Airlines Group SA (CDI) (IAG) 133.62p 1.78%
Rio Tinto (RIO) 5,669.00p 0.84%
Barratt Developments (BDEV) 406.40p 0.69%
Berkeley Group Holdings (The) (BKG) 3,837.00p 0.60%
British American Tobacco (BATS) 3,282.00p 0.43%
Pearson (PSON) 916.80p 0.42%
Taylor Wimpey (TW.) 102.60p 0.34%
Imperial Brands (IMB) 2,039.00p 0.25%
Harbour Energy (HBR) 314.30p 0.19%
GSK (GSK) 1,444.60p 0.06%

FTSE 100 - Fallers

Ocado Group (OCDO) 661.20p -3.98%
Smith (DS) (SMDS) 315.20p -3.40%
Associated British Foods (ABF) 1,576.00p -3.25%
Burberry Group (BRBY) 2,067.00p -3.23%
Airtel Africa (AAF) 110.50p -2.99%
Flutter Entertainment (CDI) (FLTR) 11,605.00p -2.81%
Convatec Group (CTEC) 230.60p -2.62%
Intermediate Capital Group (ICP) 1,193.50p -2.61%
Barclays (BARC) 156.14p -2.57%
SEGRO (SGRO) 803.00p -2.55%