FTSE 100 movers: Vodafone gains ahead of update; Diageo fizzes lower.


London’s FTSE 100 was down 1.4% at 8,551.33 in afternoon trade on Monday.

Vodafone

Source: Sharecast

Vodafone was the top gainer on the index ahead of a third-quarter trading update on Tuesday.

BA and Iberia owner IAG flew higher as JPMorgan said it was its top pick for 2025.

"Despite strong performance since March 2024 when we turned positive, with IAG +140% versus the SXXP +5%, we expect the shares to continue outperforming," the bank said.

"This is based on our analysis of five revenue tailwinds that could drive higher RASK performance this year than the market currently expects. We also see a ‘blue sky’ scenario of €7 value per share, offering 75% upside."

On the downside, Scottish Mortgage Investment Trust - which has stakes in several big US tech firms - was the biggest loser on the index.

Drinks company Diageo fizzed lower amid worries about the impact of US tariffs on imports from Mexico and Canada. Diageo’s interim results are due on Tuesday.

FTSE 100 - Risers

Vodafone Group (VOD) 69.22p 0.79%
Fresnillo (FRES) 700.50p 0.65%
Centrica (CNA) 143.25p 0.53%
Imperial Brands (IMB) 2,734.00p 0.48%
Admiral Group (ADM) 2,715.00p 0.44%
International Consolidated Airlines Group SA (CDI) (IAG) 339.30p 0.41%
Coca-Cola HBC AG (CDI) (CCH) 2,818.00p 0.28%
Compass Group (CPG) 2,794.00p 0.11%
National Grid (NG.) 980.80p 0.10%
BT Group (BT.A) 142.00p 0.07%

FTSE 100 - Fallers

Scottish Mortgage Inv Trust (SMT) 1,037.00p -4.47%
JD Sports Fashion (JD.) 85.54p -4.02%
Croda International (CRDA) 3,222.00p -3.65%
Antofagasta (ANTO) 1,662.50p -3.62%
Entain (ENT) 681.20p -3.62%
Ashtead Group (AHT) 5,116.00p -3.58%
Pershing Square Holdings Ltd NPV (PSH) 4,134.00p -3.46%
Diageo (DGE) 2,337.00p -3.39%
Associated British Foods (ABF) 1,842.00p -3.15%
Weir Group (WEIR) 2,352.00p -3.05%

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