FTSE 100 movers: Housebuilders gain; IHG falls after results

(Sharecast News) - London's FTSE 100 was 0.4% higher at 10,513.07 in afternoon trade on Tuesday. Rate-sensitive housebuilders Barratt and Persimmon were high risers as the latest UK jobs data boosted expectations of a rate cut in March.

Stocks that were caught up in the recent selloff fuelled by worries about AI disruption were also among the risers, with Relx, Pearson, Experian and Informa all higher.

Russ Mould, investment director at AJ Bell, said: "It was almost as if investors had scouted for the most affected names and bought everything on the list.

"Millions of pounds have been wiped off these names this year thanks to the launch of rival AI services. Investors initially panicked but might now be taking the view that too much bad news is now in the price and these names could have what it takes to fight off AI disruption."

Copper miner Antofagasta slumped despite reporting strong full-year top‑line growth and delivering record underlying earnings, driven by increased commodity prices and higher sales volumes.

Miners in general were weaker as copper prices fell, with Anglo American and Glencore also down.

InterContinental Hotels was in the red despite reporting a rise in full-year operating profit and revenue, hiking its dividend and announcing a new $950m share buyback, amid strength in the EMEEA region.

FTSE 100 - Risers

Barratt Redrow (BTRW) 387.70p 3.69% GSK (GSK) 2,253.00p 3.16% Relx plc (REL) 2,229.00p 2.53% Airtel Africa (AAF) 343.80p 2.26% Centrica (CNA) 197.50p 2.07% Compass Group (CPG) 2,093.00p 1.95% Pearson (PSON) 921.20p 1.90% Persimmon (PSN) 1,533.00p 1.89% Experian (EXPN) 2,517.00p 1.86% Informa (INF) 827.60p 1.82%

FTSE 100 - Fallers

Antofagasta (ANTO) 3,495.00p -6.70% Weir Group (WEIR) 3,378.00p -3.76% Anglo American (AAL) 3,456.00p -3.41% Fresnillo (FRES) 3,692.00p -3.20% InterContinental Hotels Group (IHG) 140.45p -2.80% CRH (CDI) (CRH) 8,972.00p -2.67% Glencore (GLEN) 480.60p -2.50% Melrose Industries (MRO) 653.40p -2.04% Burberry Group (BRBY) 1,154.50p -1.99% Metlen Energy & Metals (MTLN) 35.75p -1.52%