FTSE 100 movers: Miners gain in tandem with metals prices; energy shares slump

(Sharecast News) - London's FTSE 100 was 0.6% firmer at 10,736.91 in afternoon trade on Monday. Miners Antofagasta, Anglo American, Glencore and Rio rose amid higher metals prices, along with precious metals miner Fresnillo.

Russ Mould, investment director at AJ Bell, said: "Gold miners were higher as the precious metal found some sparkle and other mining shares also benefited from rising prices for industrial metals. These commodities benefited from weakness in the US dollar and a recent easing in government bond yields."

On the downside, Ithaca Energy and Shell both gushed lower after Donald Trump said new attacks on Iran were unlikely while talks to end the conflict progress.

Speaking to CNN, the US president said: "It depends on whether or not they sign a very strong agreement.

"The answer is, highly unlikely it's going to be necessary."

Defensive tobacco stocks also fell as risk appetite improved, with Imperial Brands and British American Tobacco among the worst performers.

FTSE 100 - Risers

Antofagasta (ANTO) 3,286.00p 5.59% Anglo American (AAL) 3,880.00p 4.70% Fresnillo (FRES) 2,620.00p 4.22% Prudential (PRU) 955.20p 3.58% International Consolidated Airlines Group SA (CDI) (IAG) 448.70p 3.50% Babcock International Group (BAB) 1,045.00p 3.42% Glencore (GLEN) 511.30p 3.26% Rolls-Royce Holdings (RR.) 1,298.60p 3.16% Melrose Industries (MRO) 478.80p 2.90% Rio Tinto (RIO) 6,425.00p 2.90%

FTSE 100 - Fallers

Ithaca Energy (ITH) 244.10p -1.45% Imperial Brands (IMB) 2,932.00p -1.38% British American Tobacco (BATS) 4,507.00p -1.31% Tesco (TSCO) 547.80p -1.12% Shell (SHEL) 3,674.50p -1.12% London Stock Exchange Group (LSEG) 9,360.00p -1.08% Haleon (HLN) 335.50p -1.00% BT Group (BT.A) 215.10p -0.88% Coca-Cola Europacific Partners (DI) (CCEP) 8,680.00p -0.80% Sainsbury (J) (SBRY) 352.20p -0.70%