FTSE 100 movers: Software stocks lose ground; M&S rallies

(Sharecast News) - London's FTSE 100 was down 0.4% at 10,658.84 in afternoon trade on Tuesday. Software stocks - which benefited on Monday from a slump in AI-related shares - were under the cosh. Relx, LSEG, Informa, Experian and The Sage Group all fell.

On the upside, Marks & Spencer was the top performer on the index as data from Worldpanel by Numerator showed that grocery sales at the food, clothing and homeware retailer jumped 14.8% on the year in the 12 weeks to 6 September.

B&Q owner Kingfisher followed close behind, while NatWest gained as JPMorgan lifted its price target on the bank to 830p from 790p. JPM maintained its 'overweight' rating on NatWest.

FTSE 100 - Risers

Marks & Spencer Group (MKS) 381.90p 3.34% Kingfisher (KGF) 296.60p 2.77% NATWEST GROUP (NWG) 698.60p 2.52% Persimmon (PSN) 1,108.50p 2.44% Airtel Africa (AAF) 351.40p 2.15% Babcock International Group (BAB) 980.60p 2.14% Spirax Group (SPX) 6,850.00p 2.01% British Land Company (BLND) 396.20p 2.01% Legal & General Group (LGEN) 295.50p 1.90% Admiral Group (ADM) 3,902.00p 1.77%

FTSE 100 - Fallers

Relx plc (REL) 2,506.00p -3.57% London Stock Exchange Group (LSEG) 8,276.00p -2.72% Informa (INF) 884.60p -2.08% IG Group Holdings (IGG) 1,318.00p -2.01% Experian (EXPN) 2,801.00p -1.99% Glencore (GLEN) 580.60p -1.88% Abrdn (ABDN) 242.60p -1.70% 3i Group (III) 2,594.00p -1.59% The Sage Group (SGE) 993.20p -1.54% Diageo (DGE) 1,619.00p -1.43%