FTSE 100 movers: Miners rally, Auto Trader hit by Lookers warning
London's FTSE 100 was up 0.7% at 7,296.94 in afternoon trade on Friday as investors mulled a better-than-expected US jobs report and encouraging Chinese data.
Miners rallied on the back of encouraging Chinese manufacturing figures, with Antofagasta, Glencore, Rio Tinto and Anglo American all higher.
Data released earlier showed that activity in China's manufacturing sector expanded at its fastest pace in nearly three years in October. The Caixin/Markit purchasing managers' index for the sector printed at 51.7 last month compared to 51.4 in September, beating expectations for a reading of 51.0.
This marked the highest level since February 2017 and the third month in a row that it has been above the 50.0 mark that separate contraction from expansion.
Russian steelmaker Evraz was also in the green even as it reported flat total steel product sales for the third quarter and a 3.4% quarter-on-quarter decline in consolidated steel output.
On the downside, car marketplace Auto Trader was under pressure after car dealership Lookers warned that annual profit was set to fall sharply - its second profit warning in less than four months.
Rightmove retreated as Shore Capital downgraded the stock to 'sell' from 'hold'.
"We regard Rightmove as a high-quality business with a tried and tested business model, a dominant competitive position, a clear and consistently executed strategy and an excellent track record of financial performance.
"However, we believe that these qualities are now more than adequately priced in to its stock valuation."
FTSE 100 - Risers
Flutter Entertainment (FLTR) 8,250.00p 3.67%
Antofagasta (ANTO) 895.40p 3.25%
Evraz (EVR) 377.60p 2.83%
Glencore (GLEN) 238.85p 2.66%
Rio Tinto (RIO) 4,101.50p 2.18%
TUI AG Reg Shs (DI) (TUI) 1,031.00p 2.08%
London Stock Exchange Group (LSE) 7,097.96p 2.07%
Anglo American (AAL) 2,022.50p 2.06%
Johnson Matthey (JMAT) 3,133.00p 2.05%
Smurfit Kappa Group (SKG) 2,620.00p 1.87%
FTSE 100 - Fallers
Auto Trader Group (AUTO) 547.00p -2.70%
Hargreaves Lansdown (HL.) 1,744.00p -1.58%
Centrica (CNA) 71.44p -1.54%
Rightmove (RMV) 590.00p -1.44%
British Land Company (BLND) 613.60p -1.13%
ITV (ITV) 132.45p -0.97%
Barclays (BARC) 166.34p -0.87%
Hiscox Limited (DI) (HSX) 1,479.00p -0.67%
Land Securities Group (LAND) 934.00p -0.64%
BT Group (BT.A) 203.45p -0.61%