FTSE 100 movers: Oil majors gush higher; Kingfisher retreats
The FTSE 100 was up 1% at 6,557.45 in afternoon trade on Friday.
Glencore was on the foot after the miner said Ivan Glasenberg would retire in the first half of 2021 after 19 years as chief executive of the commodities trader and miner.
Royal Dutch Shell and BP gushed higher as oil prices rose after OPEC and Russia agreed to lift oil supply by 500,000 barrels a day from January.
Associated British Foods was also in the black after it said autumn lockdowns cost it £430m but provided an encouraging outlook for Primark, saying it expects sales and profit to be higher this financial year compared to last.
Croda was boosted by a double-upgrade to ‘outperform’ at Credit Suisse, while British Airways owner IAG flew higher after Deutsche Bank upped its price target.
B&Q owner Kingfisher was the worst performer on the index.
FTSE 100 - Risers
British Land Company (BLND) 516.20p 4.07%
Glencore (GLEN) 237.95p 3.23%
Smiths Group (SMIN) 1,581.00p 2.93%
Associated British Foods (ABF) 2,369.00p 2.87%
Croda International (CRDA) 6,102.00p 2.73%
Royal Dutch Shell 'A' (RDSA) 1,392.00p 2.62%
BP (BP.) 273.30p 2.55%
Evraz (EVR) 424.10p 2.51%
Royal Dutch Shell 'B' (RDSB) 1,341.80p 2.47%
International Consolidated Airlines Group SA (CDI) (IAG) 174.10p 2.41%
FTSE 100 - Fallers
Kingfisher (KGF) 270.80p -4.14%
GVC Holdings (GVC) 1,022.50p -3.31%
Rolls-Royce Holdings (RR.) 131.45p -2.56%
United Utilities Group (UU.) 918.40p -2.30%
Pennon Group (PNN) 972.20p -2.29%
Hargreaves Lansdown (HL.) 1,459.50p -2.05%
Phoenix Group Holdings (PHNX) 727.20p -1.84%
Melrose Industries (MRO) 164.75p -1.70%
Aveva Group (AVV) 3,209.00p -1.41%
Severn Trent (SVT) 2,324.00p -1.40%