FTSE 100 movers: BG Group leads the charge as resource stocks jump
Resource stocks were the best performers in London on Tuesday afternoon as risk appetite returned after the long weekend, with BG Group leading the charge after buying a 78% stake in blocks IV and V in central Mongolia from Petro Matad.
Antofagasta
1,653.50p
15:45 15/11/24
BG Group
n/a
n/a
FTSE 100
8,060.61
15:45 15/11/24
FTSE 350
4,453.56
15:45 15/11/24
FTSE All-Share
4,411.85
15:45 15/11/24
International Consolidated Airlines Group SA (CDI)
240.80p
15:45 15/11/24
Mining
10,633.77
15:45 15/11/24
Mobile Telecommunications
1,979.89
16:59 24/01/22
Oil & Gas Producers
8,043.72
15:45 15/11/24
Pharmaceuticals & Biotechnology
19,259.77
15:45 15/11/24
Rio Tinto
4,804.50p
15:45 15/11/24
Shire Plc
4,690.00p
16:39 08/01/19
Travel & Leisure
8,607.27
15:45 15/11/24
Vodafone Group
69.70p
15:45 15/11/24
Meanwhile, after a four-day break on the stock market for Easter, investors across the sector were reacting to the recent increase in crude prices, with Shell and BP also putting in decent gains.
Shares in pharma firm Shire rose after announcing that it has reached an agreement with the US Food and Drug Administration on a clear regulatory path for a potential attention-deficit/hyperactivity disorder (ADHD) treatment for adults.
Mining stocks were also performing well, including Rio Tinto after completing a bigger-than-expected off-market share buyback due to strong demand. Copper miner Antofagasta was also higher after Jefferies kept a 'buy' rating, saying: "We expect Anto's strengths to lead to share price outperformance during the current period of macro weakness."
British Airways owner IAG was among the handful of fallers after JPMorgan Cazenove downgraded its recommendation from 'overweight' to 'neutral', saying it favours low-cost carriers strongly over legacy airlines.
Shares in telecoms giant Vodafone were on the rise after UBS highlighted the possibility of a bid from US cable operator Liberty Global.
UK food and clothing retailer Marks & Spencer had its rating promoted to 'buy' from 'hold' over at Societe Generale.
FTSE 100 - Risers
BG Group (BG.) 910.20p +6.72%
Shire Plc (SHP) 5,380.00p +4.26%
Rio Tinto (RIO) 2,860.00p +3.96%
Royal Dutch Shell 'B' (RDSB) 2,207.50p +3.81%
Sainsbury (J) (SBRY) 269.90p +3.65%
Taylor Wimpey (TW.) 158.60p +3.52%
Royal Dutch Shell 'A' (RDSA) 2,093.00p +3.38%
Coca-Cola HBC AG (CDI) (CCH) 1,322.00p +3.36%
Glencore (GLEN) 289.85p +3.24%
Associated British Foods (ABF) 2,953.00p +3.04%
FTSE 100 - Fallers
International Consolidated Airlines Group SA (CDI) (IAG) 590.00p -1.42%
Direct Line Insurance Group (DLG) 318.10p -0.47%
Burberry Group (BRBY) 1,712.00p -0.17%
easyJet (EZJ) 1,843.00p -0.05%
Aberdeen Asset Management (ADN) 464.70p -0.04%