Share Prices & Company Research

Market News

08 Feb 2021 | 14:48

FTSE 100 movers: Miners rally; Ocado in the red

(Sharecast News) - London's FTSE 100 was up 0.8% at 6,541.89 in afternoon trade on Monday.

Miners were the standout gainers, with Anglo American, Antofagasta, Glencore and BHP all higher.

Mondi also rose after Bank of America Merrill Lynch lifted shares of the packaging group to 'buy' from 'neutral'. Mondi should do well in an inflationary market with a more direct exposure to higher packaging prices and a more stable cost base, BofA said.

JD Sports Fashion was in the red even as RBC Capital Markets upgraded it to 'outperform' from 'sector perform' and lifted the price target to 950p from 900p as it noted the company has been able to strengthen its position during the pandemic in the "attractive" sportswear category.

Rolls-Royce declined on news it is temporarily closing its jet engine factories for two weeks this summer as it moves to save cash amid the coronavirus pandemic.

Online supermarket Ocado lost ground following a report the UK government is considering a tax raid on companies that have profited from the pandemic.

Smurfit Kappa was hit by a downgrade to 'neutral' at BofA.

FTSE 100 - Risers

Anglo American (AAL) 2,585.00p 4.07% Evraz (EVR) 523.40p 4.01% Mondi (MNDI) 1,817.00p 3.62% Antofagasta (ANTO) 1,530.00p 3.27% Glencore (GLEN) 266.40p 2.78% London Stock Exchange Group (LSEG) 9,702.00p 2.67% Standard Chartered (STAN) 460.20p 2.65% Aveva Group (AVV) 3,719.00p 2.59% Spirax-Sarco Engineering (SPX) 11,540.00p 2.49% BHP Group (BHP) 2,092.00p 2.32%

FTSE 100 - Fallers

JD Sports Fashion (JD.) 836.00p -1.97% Rolls-Royce Holdings (RR.) 92.22p -1.79% Informa (INF) 515.40p -1.60% Whitbread (WTB) 3,238.00p -1.28% SSE (SSE) 1,454.50p -1.05% Diageo (DGE) 2,976.50p -0.87% International Consolidated Airlines Group SA (CDI) (IAG) 156.35p -0.82% Ocado Group (OCDO) 2,786.00p -0.78% Smurfit Kappa Group (SKG) 3,596.00p -0.72% Associated British Foods (ABF) 2,275.00p -0.66%

Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.