FTSE 100 movers: Mining and telecom stocks on the rise
MIning stocks were leading the risers on the FTSE 100 on Wednesday, rebounding after recent declines. Antofagasta topped the list, rising 3.7%, with peers Anglo American, Fresnillo and Randgold also registering decent gains.
Antofagasta
2,227.00p
17:09 25/04/24
Compass Group
2,232.00p
16:40 25/04/24
Ferguson
16,815.00p
16:44 25/04/24
Fresnillo
579.00p
17:15 25/04/24
FTSE 100
8,078.86
17:14 25/04/24
FTSE 350
4,434.34
17:09 25/04/24
FTSE All-Share
4,387.94
16:49 25/04/24
Gas, Water & Multiutilities
5,959.19
17:09 25/04/24
Mining
10,403.74
17:09 25/04/24
Mobile Telecommunications
1,814.05
16:59 24/01/22
Randgold Resources Ltd.
6,546.00p
17:00 28/12/18
Support Services
10,523.75
17:09 25/04/24
Travel & Leisure
7,552.90
17:09 25/04/24
TUI Travel
437.60p
16:59 11/12/14
United Utilities Group
1,030.00p
16:40 25/04/24
Vodafone Group
69.00p
16:40 25/04/24
BT Group was continuing to rise after saying that it was in talks with various companies about buying their UK mobile phone networks. It had previously announced it was in discussions with Telefonica, which owns O2, though Deutsche Telekom and Orange confirmed they are also in talks with BT about selling their EE joint venture.
Possible industry consolidation surrounding BT, which already runs broadband and TV operations, has also prompted speculation that other companies could look to combine operations. There were renewed rumours that Vodafone could approach Sky with a possible takeover offer or look to expand their partnership, sending shares in both firms higher.
TUI Travel was the worst performer as the stock was dampened by a sharp plunge in the share price of FTSE 250 peer Thomas Cook as it announced the surprise exit of its chief executive.
Weak market conditions throughout Europe put gross margins under pressure at Wolseley, with shares in the plumbing and heating products distributor edging lower despite profits still managing to rise in the first quarter.
Catering group Compass underwhelmed with its annual results, with the stock in the red after a 10.5% increase in the dividend and a 5.4% rise in full-year profits. Analysts at The Share Centre said the results were "solid" but the stock's valuation is "full".
Also lower was United Utilities despite half-year results showing modest improvements in revenues and profits. The water company expressed confidence about the forthcoming new regulatory pricing structure after submitting a plan for lower prices.
FTSE 100 - Risers
Antofagasta (ANTO) 760.50p +3.68%
Kingfisher (KGF) 298.10p +2.33%
BT Group (BT.A) 405.00p +2.32%
Sports Direct International (SPD) 640.00p +1.67%
Hargreaves Lansdown (HL.) 983.50p +1.60%
Anglo American (AAL) 1,350.50p +1.58%
SSE (SSE) 1,605.00p +1.58%
Fresnillo (FRES) 757.00p +1.27%
Randgold Resources Ltd. (RRS) 4,479.00p +1.15%
Direct Line Insurance Group (DLG) 290.40p +1.04%
FTSE 100 - Fallers
TUI Travel (TT.) 419.60p -1.62%
Smith & Nephew (SN.) 1,109.00p -1.25%
Compass Group (CPG) 1,062.00p -1.12%
Weir Group (WEIR) 2,051.00p -1.11%
GKN (GKN) 336.70p -1.06%
Aberdeen Asset Management (ADN) 453.00p -1.03%
Sainsbury (J) (SBRY) 239.00p -0.99%
Royal Mail (RMG) 422.60p -0.94%
CRH (CRH) 1,477.00p -0.94%
Mondi (MNDI) 1,070.00p -0.93%