FTSE 100 movers: miners and oil stocks dominate fallers, ITV rebounds
The UK blue chip index retreated on Friday as a calmer bond market and favourable British construction data was overpowered by a weaker commodities market. Sector-wise, oil and industrial metal stocks provided the biggest drag on the FTSE, dwarfing the boost provided by real estate and travel.
3i Group
3,433.00p
15:45 15/11/24
Anglo American
2,277.50p
15:45 15/11/24
Antofagasta
1,653.50p
15:45 15/11/24
Beverages
19,613.66
15:45 15/11/24
BP
384.00p
15:45 15/11/24
Currys
79.45p
15:44 15/11/24
Financial Services
16,492.39
15:44 15/11/24
Fresnillo
645.00p
15:45 15/11/24
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
General Retailers
4,597.92
15:44 15/11/24
Glencore
378.00p
15:45 15/11/24
ITV
62.65p
15:45 15/11/24
Kingfisher
290.90p
15:45 15/11/24
Media
12,522.60
15:45 15/11/24
Mining
10,633.77
15:45 15/11/24
Oil & Gas Producers
8,043.72
15:45 15/11/24
SABMiller
4,494.50p
08:34 05/10/16
Shell 'B'
1,894.60p
17:05 28/01/22
Travel & Leisure
8,607.27
15:45 15/11/24
Whitbread
2,905.00p
15:45 15/11/24
At 3:25 BST, the FTSE 100 was trading 11 points lower at 6,962.
Miners dominated the fallers as mixed Chinese data called the country's economy into question and drove base metal prices lower, including zinc, tin, nickel, lead and copper. Anglo American, Fresnillo, Glencore and Antofagasta were all registering losses.
Oil stocks Shell and BP were also in the red, as oversupply concerns continued to hound Asian markets, with Saudi Arabia, Kuwait and United Arab Emirates all ramping up their output to the highest level since 1985.
ITV rebounded from Thursday's losses, which were driven by lower viewing figures from BBC competition and a 24 hour staff strike. A Barclays Capital downgrade had negligible affect on the shares.
Investment group 3i continued higher on Thursday's impressive annual results, which featured a strong total return of 20% for the year.
SABMiller was trading higher after pleasing with a deal to buy London-based craft brewer Meantime Brewing Company for an unspecified sum as it looks to diversify from its mainstream beer brands. Greenwich-based Meantime will give SAB an entry point into the fastest-growing segment of the UK beer market, with management plans to expand its sales into Europe.
Retailers were making gains, including Dixons Carphone and Kingfisher, as data indicated rising consumer confidence. Both companies are due to update the market in the coming fortnight.
Risers
Carnival (CCL) 3,132.00p +1.79%
Dixons Carphone (DC.) 473.90p +1.67%
ITV (ITV) 261.50p +1.63%
Hargreaves Lansdown (HL.) 1,254.00p +1.54%
Aviva (AV.) 541.00p +1.41%
Schroders (SDR) 3,393.00p +1.34%
3i Group (III) 534.50p +1.33%
Hammerson (HMSO) 687.50p +1.25%
Persimmon (PSN) 1,850.00p +1.20%
Compass Group (CPG) 1,140.00p +1.15%
Fallers
Anglo American (AAL) 1,080.50p -2.70%
Glencore (GLEN) 292.55p -2.06%
Fresnillo (FRES) 745.50p -2.04%
Babcock International Group (BAB) 1,076.00p -2.00%
AstraZeneca (AZN) 4,360.00p -1.68%
Antofagasta (ANTO) 783.50p -1.51%
Tesco (TSCO) 224.00p -1.50%
Weir Group (WEIR) 1,887.00p -1.46%
Coca-Cola HBC AG (CDI) (CCH) 1,396.00p -1.41%
Aggreko (AGK) 1,597.00p -1.36%