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Jack Pusey Sharecast News
18 Mar, 2015 12:58 18 Mar, 2015 15:10

FTSE 100 movers: Standard Chartered surges on upgrades, miners lower

Shares in Standard Chartered surged after analysts at Barclays and Bernstein raised their ratings, highlighting the recent appointment of a former JPMorgan banker as its new boss. Barclays lifted their stance from 'equal weight' to 'overweight', while Bernstein upgraded by two notches from 'underperform' to 'outperform'.

Antofagasta

1,653.50p

15:45 15/11/24
1.07%
17.50p

Banks

4,677.17

15:45 15/11/24
1.24%
57.25

BG Group

n/a

n/a
n/a
n/a

Fresnillo

645.00p

15:45 15/11/24
2.54%
16.00p

FTSE 100

8,060.61

15:45 15/11/24
n/a
n/a

FTSE 350

4,453.56

15:45 15/11/24
n/a
n/a

FTSE All-Share

4,411.85

15:45 15/11/24
n/a
n/a

General Industrials

7,617.25

15:44 15/11/24
0.41%
31.16

Household Goods & Home Construction

11,324.30

15:45 15/11/24
-0.77%
-87.44

Mining

10,633.77

15:45 15/11/24
1.51%
158.40

Oil & Gas Producers

8,043.72

15:45 15/11/24
1.32%
105.17

Rio Tinto

4,804.50p

15:45 15/11/24
1.46%
69.00p

Smiths Group

1,693.00p

15:45 15/11/24
-0.06%
-1.00p

Standard Chartered

944.80p

15:45 15/11/24
0.66%
6.20p

Taylor Wimpey

131.05p

15:45 15/11/24
-0.68%
-0.90p

After a slow start, energy stocks such as BG Group pushed into positive territory, extending strong gains made on Tuesday on speculation about tax breaks in the North Sea. BG Group also announced first oil from its part-owned Knarr field in the North Sea offshore Norway.

Housebuilders such as Taylor Wimpey were making decent gains. "Housebuilding shares could also get a boost if we get investment initiatives to build more properties, given the pressure on housing," said analyst Michael Hewson from CMC Markets.

Smiths Group fell after first-half underlying profits at the engineering company stumbled 3% on the hurdles of foreign currency and the lower oil price.

Mining stocks were also retreating after solid gains on Tuesday, with Fresnillo, Antofagasta and Rio Tinto in the red. Antofagasta in particular was feeling the effects of a downgrade by Beaufort Securities to 'hold'.

Risers
Standard Chartered (STAN) 1,035.50p +7.31%
CRH (CRH) 1,772.00p +5.04%
Hargreaves Lansdown (HL.) 1,227.00p +4.51%
Royal Mail (RMG) 449.70p +4.17%
St James's Place (STJ) 963.50p +3.60%
Ashtead Group (AHT) 1,128.00p +2.83%
easyJet (EZJ) 1,835.00p +2.40%
Taylor Wimpey (TW.) 152.80p +2.34%
United Utilities Group (UU.) 931.00p +2.14%
Land Securities Group (LAND) 1,259.00p +2.11%

Fallers
Fresnillo (FRES) 648.00p -1.67%
Weir Group (WEIR) 1,755.00p -1.40%
Rio Tinto (RIO) 2,838.00p -1.24%
Antofagasta (ANTO) 680.00p -1.02%
Burberry Group (BRBY) 1,855.00p -0.80%
Randgold Resources Ltd. (RRS) 4,646.00p -0.56%
Glencore (GLEN) 281.00p -0.48%
SABMiller (SAB) 3,680.50p -0.42%
Royal Bank of Scotland Group (RBS) 349.30p -0.40%
Lloyds Banking Group (LLOY) 79.24p -0.28%

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