FTSE 100 movers: Burberry in fashion; IAG flies lower
London’s FTSE 100 was flat at 6,005.48 in afternoon trade on Friday.
Luxury fashion brand Burberry was the top performer on the index.
Anglo American was higher after De Beers reported early signs of recovering diamond sales demand.
Rio Tinto was trading up as it announced that chief executive Jean-Sébastien Jacques has resigned after the company’s board yielded to shareholder pressure over the destruction of sacred 46,000-year-old rock shelters in Western Australia.
On the downside, British Airways and Iberia parent IAG flew lower after the UK put Portugal back on its quarantine list.
Avast was also in the red after Citi initiated coverage on shares of the security software vendor with a ‘neutral’ recommendation. The bank said that while the current business has attractive growth prospects, its analysis suggests the share price fully reflects the continued evolution of the group at its current trajectory.
"Although M&A could provide further upside we do not feel it appropriate to reflect this in our current target price of 550p per share," Citi said.
FTSE 100 - Risers
Burberry Group (BRBY) 1,541.50p 3.14%
Anglo American (AAL) 1,914.00p 2.76%
Glencore (GLEN) 179.44p 2.67%
Rio Tinto (RIO) 4,901.00p 2.45%
ITV (ITV) 65.66p 2.21%
Intertek Group (ITRK) 6,144.00p 1.69%
Homeserve (HSV) 1,296.00p 1.65%
Fresnillo (FRES) 1,353.00p 1.54%
London Stock Exchange Group (LSE) 9,020.00p 1.46%
3i Group (III) 946.00p 1.44%
FTSE 100 - Fallers
Morrison (Wm) Supermarkets (MRW) 180.55p -2.93%
International Consolidated Airlines Group SA (CDI) (IAG) 194.75p -2.82%
Barclays (BARC) 102.78p -2.15%
M&G (MNG) 153.70p -1.91%
Lloyds Banking Group (LLOY) 25.93p -1.85%
Legal & General Group (LGEN) 195.50p -1.76%
Avast (AVST) 535.50p -1.74%
Whitbread (WTB) 2,328.00p -1.73%
Informa (INF) 394.00p -1.70%
Standard Chartered (STAN) 378.60p -1.66%