FTSE 100 movers: BP rises on results; miners in the red

(Sharecast News) - London's FTSE 100 was down 0.1% at 9,693.25 in afternoon trade on Tuesday. BP rose as the oil giant beat market forecasts with its third-quarter earnings and said it expects divestment proceeds to be higher than previously expected.

Underlying replacement cost profit totalled $2.21bn, down from $2.35bn in the second quarter and $2.27bn in the third quarter of 2024, as improved profitability was offset by a higher underlying effective tax rate.

However, that was ahead of the consensus forecast of $2.02bn. Meanwhile, the company said divestments and other proceeds would now be above $4bn in 2025, ahead of previous guidance of $3-4bn.

Housebuilder Barratt Redrow was in the black ahead of a trading update on Wednesday.

Convatec recovered some poise, having slumped on Monday after it said revenues would be hit by up to 2% as a result of US government changes in payments for skin substitutes.

JD Sports was the biggest loser on the index, followed by heavily-weighted miners, with Antofagasta, Anglo American, Glencore and Rio Tinto all weaker as copper and iron prices fell.

FTSE 100 - Risers

Metlen Energy & Metals (MTLN) 44.90p 2.51% SEGRO (SGRO) 713.40p 2.35% BP (BP.) 455.75p 1.87% Land Securities Group (LAND) 625.50p 1.71% Barratt Redrow (BTRW) 374.80p 1.60% London Stock Exchange Group (LSEG) 9,642.00p 1.37% Relx plc (REL) 3,396.00p 1.34% LondonMetric Property (LMP) 192.40p 1.26% Informa (INF) 980.80p 1.11% Convatec Group (CTEC) 241.40p 1.09%

FTSE 100 - Fallers

JD Sports Fashion (JD.) 86.28p -4.22% Antofagasta (ANTO) 2,638.00p -3.90% Flutter Entertainment (DI) (FLTR) 17,010.00p -3.54% Anglo American (AAL) 2,708.00p -3.25% Hikma Pharmaceuticals (HIK) 1,769.00p -2.86% Entain (ENT) 768.40p -2.61% Burberry Group (BRBY) 1,184.50p -2.51% Glencore (GLEN) 348.90p -2.20% Diploma (DPLM) 5,485.00p -2.05% Rio Tinto (RIO) 5,252.00p -2.01%