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17 Feb 2021 | 14:53

FTSE 100 movers: Hargreaves Lansdown in the red; Rio rallies

(Sharecast News) - London's FTSE 100 was down 0.6% to 6,707.93 in afternoon trade on Wednesday. Hargreaves Lansdown was under the cosh after Peter Hargreaves sold £300m of shares, leaving him owning less than 20% of the company he co-founded 30 years ago. Hargreaves said he had sold 19,543,974 of the investment platform's shares at £15.35 each to institutional investors. After the offering, the self-made billionaire owns 19.8% of the group's shares.

British American Tobacco was also weaker as it said full-year profits rose but the figure fell short of analysts' expectations.

On the upside, Rio Tinto was a high riser after it delivered a record dividend to shareholders as soaring iron ore prices last and demand from China drove full-year profits sharply higher. The Anglo-Australian mining giant reported a better-than-expected 20% increase in underlying profit to $12.4bn and declared a total dividend of $5.57 a share against expectations of $4.80.

Other miners were also in the black, with Antofagasta and Glencore also up.

FTSE 100 - Risers

Antofagasta (ANTO) 1,727.50p 5.59% B&M European Value Retail S.A. (DI) (BME) 603.00p 2.20% Hikma Pharmaceuticals (HIK) 2,379.00p 1.84% Rolls-Royce Holdings (RR.) 101.60p 1.66% National Grid (NG.) 859.80p 1.32% Rio Tinto (RIO) 6,337.00p 1.23% Glencore (GLEN) 291.20p 1.11% SSE (SSE) 1,431.50p 0.92% Morrison (Wm) Supermarkets (MRW) 172.95p 0.90% Standard Chartered (STAN) 492.80p 0.90%

FTSE 100 - Fallers

Hargreaves Lansdown (HL.) 1,551.00p -6.17% M&G (MNG) 188.45p -4.49% British American Tobacco (BATS) 2,651.50p -3.53% International Consolidated Airlines Group SA (CDI) (IAG) 157.05p -3.06% Polymetal International (POLY) 1,561.00p -2.98% InterContinental Hotels Group (IHG) 4,999.00p -2.86% NATWEST GROUP PLC ORD 100P (NWG) 176.25p -2.81% St James's Place (STJ) 1,210.50p -2.81% Taylor Wimpey (TW.) 160.95p -2.81% Whitbread (WTB) 3,338.00p -2.65%

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