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(Sharecast News) - London's FTSE 100 was up 0.3% at 10,893.49 in afternoon trade on Tuesday.
Heavily-weighted miners Antofagasta, Anglo American, Rio Tinto and Glencore were among the top performers as copper prices rose.
Precious metals miner Fresnillo shone as it beat expectations with its interim results, helped by higher volumes and lower-than-forecast operating costs, with gross profits more than doubling compared with last year.
Medical equipment manufacturer Smith & Nephew tumbled as it trimmed its full‑year revenue growth outlook on weak demand for knee and hip replacements in the US.
Coca-Cola Europacific fell as first-half results underwhelmed, with the company keeping full-year guidance unchanged as revenue and volume growth both slowed in the second quarter.
BP dipped as it said underlying profits more than doubled and operating cash flow soared in the second quarter as oil prices surged, but acknowledged that its operational performance "fell short" of expectations, with upstream plant reliability and refining throughput both lower.
The energy major reported an underlying replacement cost profit of $5.73bn for the three months to 30 June, up from $3.20bn in the first quarter and $2.35bn the year before. The company also announced its intention to sell its US biogas business Archaea as it continues to pivot out of renewables.
HSBC lost ground despite posting a better-than-expected 23% jump in first-half profit driven by a strong second quarter on the back of net interest income and fees. Pre-tax profit rose to $19.5bn, compared with the $18.9bn average forecast by analysts in a company-compiled consensus. The bank said it was resuming share buybacks with a $1bn repurchase plan.
FTSE 100 - Risers
Antofagasta (ANTO) 3,944.00p 7.18%
Halma (HLMA) 3,748.00p 5.47%
Anglo American (AAL) 3,894.00p 5.07%
Rentokil Initial (RTO) 372.00p 4.29%
Rio Tinto (RIO) 7,372.00p 3.94%
Glencore (GLEN) 555.10p 3.14%
Abrdn (ABDN) 252.80p 3.10%
Fresnillo (FRES) 2,559.00p 2.48%
ICG (ICG) 1,998.00p 2.46%
Spirax Group (SPX) 7,265.00p 2.32%
FTSE 100 - Fallers
Smith & Nephew (SN.) 1,137.50p -5.01%
Coca-Cola Europacific Partners (DI) (CCEP) 7,820.00p -2.42%
Pearson (PSON) 1,223.50p -2.08%
Prudential (PRU) 1,085.00p -2.07%
BP (BP.) 541.20p -1.87%
NATWEST GROUP (NWG) 710.00p -1.80%
Metlen Energy & Metals (MTLN) 47.18p -1.52%
HSBC Holdings (HSBA) 1,579.80p -1.34%
Diageo (DGE) 1,632.50p -1.30%
Shell (SHEL) 3,362.00p -1.20%
