FTSE 100 movers: Spirax rallies after results; Barratt hit by Taylor Wimpey warning

(Sharecast News) - London's FTSE 100 was 0.4% higher at 10,790.99 in afternoon trade on Wednesday. Spirax rallied as it expressed confidence in achieving its full-year guidance and said group organic sales growth and adjusted operating profit margin for the 10 months to the end of October were in line with expectations and ahead of the first half.

BP gushed higher as oil prices rose again, while miners Antofagasta and Anglo American gained as copper prices advanced.

Croda was in the black after Jefferies lifted its price target on the stock to 4,500p from 4,000p.

Barratt Redrow was under the cosh after FTSE 250 peer Taylor Wimpey flagged FY26 adjusted operating profit towards the bottom end of consensus after a softer autumn selling season and higher interest rates reducing mortgage affordability.

Analysts were forecasting earnings of £262m to £299m, according to company-compiled consensus.

Luxury fashion brand Burberry fell ahead of first-half results on Thursday.

GSK lost ground as Citigroup cuts its price target to 2,050p from 2,100p and maintained a 'neutral' rating.

FTSE 100 - Risers

Spirax Group (SPX) 7,630.00p 4.08% Computacenter (CCC) 4,850.00p 3.23% BP (BP.) 567.60p 2.92% Croda International (CRDA) 3,729.00p 2.53% Halma (HLMA) 3,546.00p 2.48% Antofagasta (ANTO) 3,292.00p 2.26% Diploma (DPLM) 7,310.00p 2.23% Anglo American (AAL) 3,884.00p 2.04% Convatec Group (CTEC) 253.40p 2.01% IMI (IMI) 2,934.00p 1.94%

FTSE 100 - Fallers

Babcock International Group (BAB) 1,044.00p -1.93% Diageo (DGE) 1,865.00p -1.56% GSK (GSK) 1,896.00p -1.25% JD Sports Fashion (JD.) 95.96p -1.25% 3i Group (III) 2,533.00p -1.17% Investec (INVP) 637.00p -1.16% Barratt Redrow (BTRW) 323.00p -1.07% Burberry Group (BRBY) 1,091.50p -0.91% AstraZeneca (AZN) 13,862.00p -0.69% Prudential (PRU) 951.80p -0.69%