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FTSE 100 movers: Dechra slumps after results; miners rally
(Sharecast News) - London's FTSE 100 was down 0.1% at 7,270.95 in afternoon trade on Monday. Dechra Pharmaceuticals slumped even as the veterinary pharmaceuticals group posted a rise in full-year profit and revenue.
Miners Glencore, Antofagasta, Anglo American and Rio Tinto were all in the black as metals prices rose.
Oil giants BP and Shell also gushed higher as oil prices jumped after OPEC and allied oil-producing countries agreed to cut oil production by 100,000 barrels per day from next month. The move, aimed as trying to stabilise global markets, will take supplies back to August levels.
OPEC+ also left the door open to resume discussions on output targets before the next monthly meeting on 5 October.
FTSE 100 - Risers
Glencore (GLEN) 474.90p 4.78% Antofagasta (ANTO) 1,137.00p 3.22% Harbour Energy (HBR) 488.20p 3.21% BAE Systems (BA.) 788.80p 3.19% BP (BP.) 463.40p 2.14% Anglo American (AAL) 2,799.00p 1.73% Shell (SHEL) 2,357.50p 1.44% Rio Tinto (RIO) 4,761.00p 1.29% National Grid (NG.) 1,086.00p 1.12% JD Sports Fashion (JD.) 120.75p 0.67%
FTSE 100 - Fallers
Dechra Pharmaceuticals (DPH) 3,182.00p -8.98% Smurfit Kappa Group (CDI) (SKG) 2,816.00p -4.51% Hargreaves Lansdown (HL.) 787.00p -3.51% Flutter Entertainment (CDI) (FLTR) 10,020.00p -3.38% Abrdn (ABDN) 147.00p -3.35% International Consolidated Airlines Group SA (CDI) (IAG) 104.84p -3.27% Intermediate Capital Group (ICP) 1,275.50p -3.15% Associated British Foods (ABF) 1,458.00p -2.96% CRH (CDI) (CRH) 3,104.00p -2.88% Smith (DS) (SMDS) 263.90p -2.66%
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