Sharecast News
07 May, 2021 15:38

FTSE 100 movers: Miners rally; Rolls-Royce gains on Meggitt news

Kazakhmys, mining truck 125

London’s FTSE 100 was up 0.7% at 7,121.96 in afternoon trade on Friday.

Miners Anglo American and Glencore were both in the black as metals prices rallied.

Neil Wilson, chief market analyst at Markets.com, said: "A monster commodity rally continues as the global economy heats up, and massive but messy rotation out of the tech/growth/momentum plays into more cyclical/value parts of the market.

"Copper rallied to an all-time high, aluminium is extending gains. Palm oil 13-year high, iron ore and steel at all-time highs. There is yet room to run higher in the commodity space."

Rolls-Royce was a high riser, with traders pointing to read-across from deal news regarding FTSE 250 aerospace engineer Meggitt. Shares in the latter were sharply higher following a report that US-based Woodward could be looking to buy the group.

According to Dealreporter, Woodward is working with an investment bank as it considers potential deals and Meggitt is in the frame.

FTSE 100 - Risers

Anglo American (AAL) 3,396.00p 4.00%
Ocado Group (OCDO) 1,970.00p 3.68%
Glencore (GLEN) 322.35p 3.22%
Barclays (BARC) 182.16p 2.86%
Rolls-Royce Holdings (RR.) 106.28p 2.79%
Intermediate Capital Group (ICP) 2,127.00p 2.75%
Compass Group (CPG) 1,611.50p 2.42%
Avast (AVST) 462.40p 2.21%
Pearson (PSON) 844.60p 2.20%
NATWEST GROUP PLC ORD 100P (NWG) 201.00p 2.19%

FTSE 100 - Fallers

Antofagasta (ANTO) 1,893.50p -1.64%
Berkeley Group Holdings (The) (BKG) 4,711.00p -0.86%
BT Group (BT.A) 169.75p -0.85%
Unilever (ULVR) 4,275.50p -0.67%
Croda International (CRDA) 6,714.00p -0.47%
Standard Chartered (STAN) 517.60p -0.46%
HSBC Holdings (HSBA) 453.05p -0.46%
Mondi (MNDI) 1,957.50p -0.38%
St James's Place (STJ) 1,389.00p -0.36%
Johnson Matthey (JMAT) 3,257.00p -0.25%a


News Source: © 2021 Web Financial Group (UK) Limited. All rights reserved and terms of use apply.

Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

 

Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.