FTSE 100 movers: Kingfisher rallies on Homebase woes; Randgold loses its shine

London's FTSE 100 was down 1.1% to 7,361.94 in afternoon trade on Monday as investors fretted that the Federal Reserve might hike rates more than expected after last week's strong wage growth figures and following the release of disappointing UK services data.

B&Q owner Kingfisher was in the black after Australian retailer Wesfarmers wrote off competitor Homebase for $1bn, which is more than it bought it for two years ago, and said it could close between 20 and 40 stores in the UK.

Miners were on the front foot as copper prices rose, with Anglo American, Antofagasta, Glencore and BHP Billiton all firmer.

On the downside, Randgold Resources lost its shine despite doubling its dividend and reporting better-than-expected full-year production along with a 14% jump in full-year profits to $335m.

Vodafone retreated, giving back gains made late on Friday when it confirmed it is in talks with Liberty Global about the acquisition of some assets in Europe. Analysts were optimistic that talks between the two could finally lead to a concrete deal, so the losses may still be on the back of Vodafone's third-quarter update last Thursday, in which it reported a 3.6% drop in revenue.

Risers

Kingfisher (KGF) 357.40p 2.29%
Anglo American (AAL) 1,674.00p 1.58%
Antofagasta (ANTO) 914.00p 1.40%
Glencore (GLEN) 385.90p 0.82%
Whitbread (WTB) 3,828.00p 0.37%
BHP Billiton (BLT) 1,540.20p 0.20%
Smith & Nephew (SN.) 1,253.00p 0.00%
HSBC Holdings (HSBA) 749.10p -0.15%
Fresnillo (FRES) 1,333.00p -0.15%
Ashtead Group (AHT) 2,030.00p -0.20%

Fallers

Randgold Resources Ltd. (RRS) 6,792.00p -3.58%
Vodafone Group (VOD) 211.71p -3.55%
Rolls-Royce Holdings (RR.) 838.20p -3.10%
G4S (GFS) 272.60p -2.92%
ITV (ITV) 164.45p -2.61%
Just Eat (JE.) 789.80p -2.52%
Sainsbury (J) (SBRY) 242.90p -2.49%
Scottish Mortgage Inv Trust (SMT) 444.72p -2.47%
WPP (WPP) 1,261.25p -2.46%
Old Mutual (OML) 228.30p -2.44%