FTSE 100 movers: Miners rally but M&S hit by Debenhams update

London's FTSE 100 was down 0.2% to 7,430.77 in afternoon trade.

Heavily-weighted mining stocks put in the strongest performance, with Anglo American, Rio Tinto, BHP, Glencore, and Antofagasta all in the black as China Premier Li Keqiang said the country - a big consumer of metals - is capable of achieving its full-year growth target. Also providing a boost was news that profit growth in China's industrial sector picked up in May.

Going the other way, Compass Group was the worst performer as every 26 existing ordinary shares consolidated into 25 new ordinary shares.

Engineering group GKN was on the back foot, with traders pointing to read-across from Germany's Schaeffler, which cut its profit outlook.

Retailer Marks & Spencer was under pressure following a disappointing updater from FTSE 250 department store chain Debenhams, which warned that full-year profits could be towards the lower end of the current range if market volatility continues, as it reported a drop in third-quarter like-for-like sales.

Risers

Anglo American (AAL) 1,010.00p 3.64%
Rio Tinto (RIO) 3,163.00p 3.47%
BHP Billiton (BLT) 1,173.00p 2.71%
Glencore (GLEN) 284.40p 2.60%
Antofagasta (ANTO) 770.50p 2.60%
Barclays (BARC) 202.95p 1.53%
Standard Chartered (STAN) 754.30p 1.40%
G4S (GFS) 334.10p 1.37%
Tesco (TSCO) 168.95p 1.29%
Fresnillo (FRES) 1,572.00p 1.09%

Fallers

Compass Group (CPG) 1,654.00p -5.14%
GKN (GKN) 334.80p -3.26%
TUI AG Reg Shs (DI) (TUI) 1,114.00p -3.13%
Marks & Spencer Group (MKS) 336.30p -2.04%
Mediclinic International (MDC) 743.50p -1.78%
Admiral Group (ADM) 2,005.00p -1.72%
Paddy Power Betfair (PPB) 8,495.00p -1.68%
Direct Line Insurance Group (DLG) 356.00p -1.63%
easyJet (EZJ) 1,334.00p -1.62%
Persimmon (PSN) 2,240.00p -1.50%