FTSE 100 movers: WPP jumps on reported govt contract win; Antofagasta falls

(Sharecast News) - London's FTSE 100 was up 0.2% at 9,668.41 in afternoon trade on Tuesday. WPP jumped to the top of the index after the advertising giant reportedly secured a major government contract worth around £2bn.

According to The Times and trade magazine Campaign, WPP-owned agency Wavemaker has landed the four-year contract with the Cabinet Office following a competitive tender process.

It will see Wavemaker take responsibility for planning and buying advertising posts for hundreds of government campaigns, including donating blood and armed services recruitment.

The contract was previously held by US rival Omnicom, The Times noted.

Elsewhere, defence firms Babcock and BAE Systems were high risers amid news that German lawmakers are set to approve a record €52bn in defence orders.

"Whether there is peace in Ukraine or not, Europe is rearming fast and for the long haul," said Neil Wilson, UK investor strategist at Saxo Markets.

Chilean copper miner Antofagasta lost ground as copper prices fell back.



FTSE 100 - Risers

WPP (WPP) 317.00p 6.20% The Sage Group (SGE) 1,095.00p 2.58% Babcock International Group (BAB) 1,205.00p 2.47% BAE Systems (BA.) 1,726.50p 2.10% Pearson (PSON) 1,002.00p 1.77% Flutter Entertainment (DI) (FLTR) 16,090.00p 1.71% BT Group (BT.A) 179.70p 1.53% Entain (ENT) 746.40p 1.52% Vodafone Group (VOD) 95.46p 1.40% Relx plc (REL) 3,012.00p 1.35%

FTSE 100 - Fallers

Unilever (ULVR) 4,735.50p -10.06% Antofagasta (ANTO) 2,867.00p -3.08% Croda International (CRDA) 2,675.00p -2.09% Tesco (TSCO) 441.60p -1.82% easyJet (EZJ) 477.40p -1.49% Next (NXT) 13,735.00p -1.44% Marks & Spencer Group (MKS) 321.30p -1.38% GSK (GSK) 1,795.50p -1.37% International Consolidated Airlines Group SA (CDI) (IAG) 385.90p -1.30% Glencore (GLEN) 374.10p -1.27%