FTSE 100 movers: Miners rally; Unilever slumps on McCormick deal

(Sharecast News) - London's FTSE 100 was up 0.7% at 10,203.34 in afternoon trade on Tuesday. Heavily-weighted miners were among the top gainers on the index as metals prices rose, with Antofagasta, Anglo American and Glencore all higher.

Precious metals miner Fresnillo also shone as gold prices recovered.

On the downside, Unilever slumped after the consumer goods giant agreed to merge its food business with US spice maker McCormick in a $44.8bn deal.

Under the terms of the agreement, McCormick will pay $15.7bn in cash and the equivalent of $29.1bn in McCormick shares for most of Unilever's food business, which includes the Hellman's, Bovril and Marmite brands.

Unilever shareholders will own 55.1% of the fully diluted combined company equity, while Unilever will own a 9.9% stake.



FTSE 100 - Risers

Antofagasta (ANTO) 3,306.00p 4.40% 3i Group (III) 2,428.00p 3.98% JD Sports Fashion (JD.) 70.48p 3.61% Fresnillo (FRES) 3,300.00p 3.59% Anglo American (AAL) 3,179.00p 2.78% Kingfisher (KGF) 285.00p 2.77% Glencore (GLEN) 568.00p 2.51% BT Group (BT.A) 212.90p 2.49% BAE Systems (BA.) 2,175.00p 2.35% St James's Place (STJ) 1,187.00p 2.28%

FTSE 100 - Fallers

Unilever (ULVR) 4,353.00p -3.33% IMI (IMI) 2,522.00p -2.01% Coca-Cola Europacific Partners (DI) (CCEP) 6,910.00p -1.15% Smurfit Westrock (DI) (SWR) 2,944.00p -1.04% Diageo (DGE) 1,403.50p -0.99% Convatec Group (CTEC) 216.40p -0.64% Smith & Nephew (SN.) 1,193.00p -0.50% Croda International (CRDA) 2,852.00p -0.42% Airtel Africa (AAF) 346.80p -0.35% Flutter Entertainment (DI) (FLTR) 7,592.00p -0.34%