FTSE 100 movers: Hargreaves Lansdown rallies; housebuilders slump

Shares in luxury fashion retailer Burberry declined for the second day in a row ahead of its second-quarter update on Thursday and as worries gathered pace about growth in China, to which it is heavily exposed. Data released on Wednesday showed China’s mainland consumer price index rose 1.6% in September from a year earlier, missing expectations of a 1.8% increase.

Housebuilders performed even worse, following strong gains in the previous session on the back of well-received full-year numbers from FTSE 250 peer Bellway. Taylor Wimpey, Barratt Developments and Persimmon were all in the red.

Moving the other way, pensions and investments group Hargreaves Lansdown was the standout gainer after it reported an increase in new clients in the third quarter. HL said active clients rose by 24,000, compared to 10,000 in the same quarter last year, bringing its total client base to 760,000. Meanwhile, revenue was up 11% to £78.5m, driven primarily by strong growth in year-on-year assets and increased equity dealing volumes.

Intertek was also on the front foot after agreeing to acquire US-based construction material testing and assurance business Professional Service Industries (PSI) for $330m. It said PSI was a leading, high-quality business focused on the commercial and civil markets. Intertek added that the deal is in line with its strategy to expand its presence in attractive markets with long-term growth opportunities, particularly US growth markets.

Precious metals miner Fresnillo gained after saying it was on course to hit its full-year guidance, with third-quarter silver production dwindling to 11.04m oz but almost flat on the previous year and slightly lower than the preceding quarter.

"We have begun to see the results of the measures we have taken to solve the development delays at Fresnillo, with an improvement in both ore grade and production levels from the previous quarter at the mine," said chief executive Octavio Alvídrez.

Risers

Hargreaves Lansdown (HL.) 1,335.00p +4.05%

Antofagasta (ANTO) 587.00p +3.62%

Glencore (GLEN) 121.50p +2.92%

Intertek Group (ITRK) 2,582.00p +2.79%

Fresnillo (FRES) 745.50p +1.57%

Anglo American (AAL) 686.90p +1.13%

United Utilities Group (UU.) 974.00p +0.78%

Randgold Resources Ltd. (RRS) 4,443.00p +0.73%

Rio Tinto (RIO) 2,540.00p +0.69%

Admiral Group (ADM) 1,539.00p +0.33%

Fallers

Taylor Wimpey (TW.) 185.30p -4.04%

Barratt Developments (BDEV) 613.00p -3.31%

Persimmon (PSN) 1,911.00p -2.90%

Berkeley Group Holdings (The) (BKG) 3,178.00p -2.40%

Prudential (PRU) 1,465.00p -2.10%

St James's Place (STJ) 843.50p -2.03%

Burberry Group (BRBY) 1,403.00p -1.89%

Merlin Entertainments (MERL) 372.30p -1.82%

Dixons Carphone (DC.) 425.10p -1.82%

Associated British Foods (ABF) 3,251.00p -1.78%