FTSE 100 movers: Ithaca and Shell rally; miners fall
London’s FTSE 100 was down 0.5% at 10,712.58 in afternoon trade on Tuesday.
Ithaca Energy and Shell were on the rise amid elevated oil prices.
Defensive utility stocks were among the best performers, with National Grid, Severn Trent and SSE all higher.
On the downside, Chilean copper miner Antofagasta was the worst performer on the index, while Rio Tinto also fell as copper prices eased. Antofagasta was also hit by a broker note from Citi, which cut its price target on the buy-rated stock to 4,100p from 4,400p.
Separately, Oddo BHF cut its price target on outperform-rated Rio Tinto to 6,500p from 6,700p.
Aberdeen was weaker ahead of a trading update on Wednesday.
FTSE 100 - Risers
Ithaca Energy (ITH) 298.70p 1.43%
National Grid (NG.) 1,204.00p 1.35%
Experian (EXPN) 2,853.00p 1.09%
Severn Trent (SVT) 3,192.00p 0.89%
Tesco (TSCO) 543.20p 0.82%
SSE (SSE) 2,521.00p 0.72%
AstraZeneca (AZN) 12,462.00p 0.68%
Autotrader Group (AUTO) 545.00p 0.63%
Shell (SHEL) 3,954.00p 0.62%
Marks & Spencer Group (MKS) 422.00p 0.62%
FTSE 100 - Fallers
Antofagasta (ANTO) 3,209.00p -4.43%
Halma (HLMA) 3,288.00p -3.40%
Standard Chartered (STAN) 2,012.00p -3.13%
Weir (WEIR) 2,554.00p -2.89%
IG Group Holdings (IGG) 938.50p -2.69%
Diploma (DPLM) 7,585.00p -2.69%
Rio Tinto (RIO) 6,531.00p -2.68%
Lloyds Banking Group (LLOY) 100.55p -2.43%
Scottish Mortgage Inv Trust (SMT) 1,523.50p -2.40%
Abrdn (ABDN) 229.40p -2.39%