FTSE 100 movers: supermarkets, tobacco and mining stocks rebound
UK stocks were trading higher on Wednesday afternoon, led by gains in the construction, food retail and engineering sectors.
Anglo American
2,430.00p
17:15 04/10/24
Antofagasta
1,973.00p
17:15 04/10/24
British American Tobacco
2,681.00p
16:44 04/10/24
Currys
88.80p
16:45 04/10/24
Food & Drug Retailers
4,548.70
17:14 04/10/24
Food Producers & Processors
8,013.07
17:14 04/10/24
Fresnillo
636.00p
16:34 04/10/24
FTSE 100
8,280.63
16:49 04/10/24
FTSE 350
4,570.17
17:14 04/10/24
FTSE All-Share
4,527.24
16:54 04/10/24
General Retailers
4,211.99
17:14 04/10/24
Imperial Brands
2,151.00p
16:44 04/10/24
Mining
11,521.23
17:14 04/10/24
Morrison (Wm) Supermarkets
286.40p
16:55 26/10/21
Rio Tinto
5,298.00p
17:15 04/10/24
Sainsbury (J)
291.00p
17:15 04/10/24
Tesco
362.20p
16:55 04/10/24
Tobacco
30,784.36
17:14 04/10/24
Unilever
4,784.00p
16:44 04/10/24
As of 14:30 BST, the FTSE 100 was trading 0.46% points higher at 6,960.
Morrisons and Sainsbury extended gains, following Tuesday's positive sentiment from Kantar Worldpanel, which revealed that deflation eased slightly. Tesco was also lifted, despite broker JP Morgan Cazenove lowering its estimates and price target from 185p to 175p.
Consumer goods group Unilever was boosted as broker Barclays Capital upgraded its rating on the stock to 'overweight' from 'equal weight'.
Miners Fresnillo, Antofagasta, Anglo American and Rio Tinto were making gains, as industrial metals futures picked up.
Imperial Tobacco group rebounded from Tuesday's losses, which came as sector peer British American Tobacco was hit with a class-action lawsuit in Canada, forcing it to pay ÂŁ8.2bn in "moral and punitive damages" to smokers.
Dixons Carphone was in the red, despite reporting that full-year profits were likely to reach the top end of market forecasts. Group like-for-like revenue in the last 17 weeks of the year to 2 May rose 9%, with further market share gains made across electricals and mobile in the UK & Ireland, the Nordics and Greece.
Risers
CRH (CRH) 1,854.00p +3.46%
Morrison (Wm) Supermarkets (MRW) 177.80p +3.07%
Unilever (ULVR) 2,905.00p +2.54%
Imperial Tobacco Group (IMT) 3,281.00p +2.21%
Sainsbury (J) (SBRY) 250.00p +2.00%
Direct Line Insurance Group (DLG) 345.10p +1.80%
Sports Direct International (SPD) 683.00p +1.71%
Tesco (TSCO) 210.95p +1.69%
Carnival (CCL) 3,238.00p +1.50%
Aviva (AV.) 523.00p +1.45%
Fallers
Vodafone Group (VOD) 250.80p -1.49%
Fresnillo (FRES) 747.00p -1.32%
Dixons Carphone (DC.) 473.40p -1.23%
BHP Billiton (BLT) 1,369.00p -1.05%
Antofagasta (ANTO) 758.50p -1.04%
British Land Company (BLND) 843.50p -1.00%
Land Securities Group (LAND) 1,283.00p -0.85%
Old Mutual (OML) 214.20p -0.79%
Aberdeen Asset Management (ADN) 438.60p -0.57%
Rio Tinto (RIO) 2,887.00p -0.52%