FTSE 100 movers: Mining stocks rise, Flutter and BAE fall.


The FTSE 100 was trading around 0.2% lower on Monday afternoon despite decent gains in the mining and retail sectors, with heavy falls from Flutter, BAE Systems and Haleon providing a drag.

Chith Export Facility supporting bauxite mine in Weipa, Australia

Source: Sharecast

Miners Antofagasta, Glencore, Anglo American, Rio Tinto and Fresnillo rose strongly, with analysts linking the gains to the start of the massive RMB1.2trn hydropower dam project in Tibet, which is expected to benefit the construction, machinery and mining sectors.

Supermarkets Tesco and Sainsbury were also putting in a decent performance with both grocers among the top 10 best performers of the day.

Flutter Entertainment shares were pulling back from a five-month high ahead of the gambling and sports betting company's interim results due out in a couple of weeks. Before Monday's pullback, shares had risen more than 14% over the past month, with broker Berenberg saying in a research note last week that there was "scope for Q2 to surprise to the upside".

BAE Systems was also retreating following a stellar performance so far this year, having surged by two-thirds so far this year. The pullback came despite the announcement on Monday of a $12m aircraft contract from L3Harris for the Italian Air Force.

In contrast, pharma stock Haleon was continuing its recent weak performance, having now fallen 15% since hitting a record high at the start of June. The stock, at 352.5p, is now trading at its lowest point since August 2024.

Energy major BP erased earlier gains as investors digested the news that former CRH boss Albert Manifold will succeed Helge Lund, following the chair's resignation in April. BP said that Manifold was the "ideal candidate" following a "rigorous and comprehensive global search".

FTSE 100 - Risers

Antofagasta (ANTO) 1,934.50p 3.53%
Glencore (GLEN) 312.35p 2.90%
Anglo American (AAL) 2,296.00p 2.82%
Rio Tinto (RIO) 4,598.00p 2.46%
SSE (SSE) 1,925.50p 2.23%
Fresnillo (FRES) 1,474.00p 2.01%
Sainsbury (J) (SBRY) 295.00p 1.86%
Tesco (TSCO) 423.90p 1.85%
Centrica (CNA) 155.55p 1.47%
Phoenix Group Holdings (PHNX) 655.50p 1.39%

FTSE 100 - Fallers

Flutter Entertainment (DI) (FLTR) 22,290.00p -2.32%
BAE Systems (BA.) 1,897.00p -2.22%
Haleon (HLN) 352.50p -1.73%
Kingfisher (KGF) 276.70p -1.67%
London Stock Exchange Group (LSEG) 10,655.00p -1.62%
WPP (WPP) 411.90p -1.60%
Experian (EXPN) 4,033.00p -1.35%
Relx plc (REL) 3,903.00p -1.34%
Diageo (DGE) 1,904.00p -1.30%
Informa (INF) 826.20p -1.24%

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