FTSE 100 movers: Entain surges; BP, Shell gush lower

(Sharecast News) - London's FTSE 100 was flat at 9,921.48 in afternoon trade on Monday. Entain shot to the top of the index following a Wall Street Journal report that a pair of US senators are introducing legislation to prohibit entities regulated by the Commodity Futures Trading Commission from listing contracts related to sporting events.

According to the WSJ, this will include prediction-market exchanges Kalshi and Polymarket's US platform.

"The CFTC is greenlighting these markets and even promoting their growth," Senator Adam Schiff said. "It's time for Congress to step in and eliminate this backdoor which violates state consumer protections, intrudes upon tribal sovereignty and offers no public revenue."

The legislation is the first bipartisan Senate bill seeking to regulate prediction markets. The bill also seeks to prohibit "casino-style games" from being listed on the platforms, the WSJ said.

Croda rallied after Goldman Sachs double-upgraded the shares to 'buy' from 'sell' as it said the speciality chemicals firm's own market-recovery actions have delivered organic sales growth ahead of expectations.

GS noted that Croda has outperformed ingredients peers such as Givaudan, Symrise and DSM-Firmenich.

The bank lifted its FY2026-2027 adjusted EBIT estimates by 13-14%. This reflects "the better 2H25 OSG exit rates, and more optimistic pricing assumptions (in the escalating chemical price environment that is materialising in the context of the Middle East conflict," it said.

Goldman, which has a 3,200p price target on the stock, said adjusted EBIT forecasts for 2026 now sit 6% ahead of expectations.

BA and Iberia owner IAG was also a high flier as oil prices retreated after US President Donald Trump suggested a resolution to the conflict with Iran could be on the cards.

On the downside, BP and Shell gushed lower, while defence firm BAE Systems also lost ground.

FTSE 100 - Risers

Entain (ENT) 590.20p 8.93% Croda International (CRDA) 2,752.00p 8.22% Antofagasta (ANTO) 3,364.00p 7.73% Anglo American (AAL) 3,047.00p 7.01% Smiths Group (SMIN) 2,258.00p 6.80% International Consolidated Airlines Group SA (CDI) (IAG) 366.40p 6.71% Barratt Redrow (BTRW) 270.80p 5.98% Smurfit Westrock (DI) (SWR) 2,903.00p 5.43% Weir Group (WEIR) 2,790.00p 5.19% Persimmon (PSN) 1,167.50p 5.16%

FTSE 100 - Fallers

BP (BP.) 535.00p -4.70% BT Group (BT.A) 202.60p -4.38% BAE Systems (BA.) 2,161.00p -3.60% Shell (SHEL) 3,355.00p -2.30% Tesco (TSCO) 458.40p -1.98% 3i Group (III) 2,696.00p -1.39% Haleon (HLN) 370.40p -1.36% London Stock Exchange Group (LSEG) 8,552.00p -1.29% Admiral Group (ADM) 3,162.00p -1.25% Centrica (CNA) 199.75p -1.18%