FTSE 100 movers: Vodafone, Fresnillo rise; Metlen slides on profit warning

(Sharecast News) - London's FTSE 100 was 0.4% higher at 10,354.87 in afternoon trade on Friday.

Vodafone gained back some ground, having fallen sharply on Thursday after saying it expected full-year earnings to be at the upper end of forecasts, but with German growth at the telecoms operator leaving investors disappointed.

Precious metals miner Fresnillo shone as gold prices recovered, with spot gold up 3.2% at $4,921.04 an ounce.

On the downside, Metlen Energy & Metals tumbled after it warned earnings would significantly undershoot guidance.

The Greek energy and metals company, which listed on the London Stock Exchange last autumn, said that while its underlying business had performed "robustly", the wider group had been hit by unexpected cost overruns at M Power Projects (MPP).

As a result, group earnings before interest, tax, depreciation and amortisation are now slated to slide by around 25%. Prior to the MPP losses, EBITDA had been in line to meet guidance of around €1bn, Metlen noted.

Software firms were under the cosh again after Amazon tanked on worries about its AI spending. Relx, Experian and Sage Group all fell.

FTSE 100 - Risers

Burberry Group (BRBY) 1,163.00p 3.65% Airtel Africa (AAF) 330.20p 3.12% International Consolidated Airlines Group SA (CDI) (IAG) 433.10p 3.05% Barclays (BARC) 478.60p 2.60% Vodafone Group (VOD) 111.70p 2.48% Fresnillo (FRES) 3,634.00p 2.19% Smurfit Westrock (DI) (SWR) 3,215.00p 1.74% NATWEST GROUP (NWG) 660.40p 1.60% St James's Place (STJ) 1,499.00p 1.39% Standard Chartered (STAN) 1,872.50p 1.38%

FTSE 100 - Fallers

Metlen Energy & Metals (MTLN) 37.70p -16.04% Relx plc (REL) 2,141.00p -4.80% Experian (EXPN) 2,536.00p -3.24% Smith & Nephew (SN.) 1,258.00p -2.74% The Sage Group (SGE) 849.20p -2.53% Entain (ENT) 604.20p -2.04% Compass Group (CPG) 2,145.00p -1.56% Pershing Square Holdings Ltd NPV (PSH) 4,476.00p -1.45% Mondi (MNDI) 887.60p -1.42% Barratt Redrow (BTRW) 387.00p -1.30%