FTSE 100 movers: Miners retreat; RS Group rallies
London’s FTSE 100 was down 0.1% at 7,491.31 in afternoon trade on Monday.
Miners Rio Tinto, Antofagasta, Anglo American and Glencore were under the cosh after the release of disappointing Chinese retail sales and industrial production data.
Oil giants Shell and BP also gushed lower as oil prices slid.
Going the other way, RS Group - formerly Electrocomponents - surged after The Times reported over the weekend that it could be the subject of a takeover bid. It pointed to speculation of a possible £15 a share bid, which is a significant premium to the present share price and above the £12.35 high it hit last November before worries about a recession kicked in.
The latest talk is of instructions going out to advisers to prepare to people the barricades in the event of unwelcome tanks being parked on RS Group’s lawns, The Times said.
Drugmaker AstraZeneca was also in the black after the drug maker said that its Enhertu drug, jointly produced with Japan’s Daiichi Sankyo, had been proven to offer statistically significant and clinically meaningful progression-free survival amongst breast cancer patients.
FTSE 100 - Risers
RS Group (RS1) 1,139.00p 4.69%
AstraZeneca (AZN) 10,976.00p 2.46%
Admiral Group (ADM) 2,298.00p 1.77%
London Stock Exchange Group (LSEG) 8,292.00p 1.32%
Hikma Pharmaceuticals (HIK) 1,551.00p 1.21%
Bunzl (BNZL) 3,152.00p 1.09%
Ocado Group (OCDO) 938.20p 1.06%
Halma (HLMA) 2,298.00p 1.01%
National Grid (NG.) 1,151.00p 1.01%
SEGRO (SGRO) 1,086.00p 0.98%
FTSE 100 - Fallers
GSK (GSK) 1,400.00p -3.45%
Shell (SHEL) 2,147.50p -3.05%
Rio Tinto (RIO) 4,699.50p -2.98%
Antofagasta (ANTO) 1,110.50p -2.97%
BP (BP.) 417.95p -2.93%
Anglo American (AAL) 2,885.00p -2.63%
Glencore (GLEN) 461.25p -2.36%
Harbour Energy (HBR) 373.70p -2.28%
Endeavour Mining (EDV) 1,750.00p -1.85%
Smurfit Kappa Group (CDI) (SKG) 3,158.00p -1.59%