FTSE 100 movers: Miners, utilities rally; IAG hit by rising oil prices

(Sharecast News) - London's FTSE 100 was up 1.2% at 10,086.25 in afternoon trade on Monday. Rio Tinto was the standout gainer after the miner maintained its guidance for 2026 Pilbara iron ore shipments at 323m to 338m tonnes, despite cyclone disruption. The miner said iron ore port operations have resumed after Tropical Cyclone Narelle passed over Western Australia's Pilbara region.

"Including Tropical Cyclone Mitchell in February, recent weather events are estimated to have impacted iron ore shipments by approximately 8 million tonnes," it said. "The company has identified a pathway to recover around half of these losses."

Fellow miner Glencore was also sharply higher amid firmer metals prices.

Utilities were in the black, with British Gas owner Centrica and SSE among the top gainers, along with property stocks Land Securities and British Land.

Land Securities got a boost after Goldman Sachs upgraded the shares to 'buy' from 'neutral'. It pointed to the company's "higher-yielding" retail exposure potential upside from further acquisitions.

On the downside, BA and Iberia owner IAG was the worst performer on the index as oil prices rose after Trump said he wanted to take Iran's oil.

Speaking to the Financial Times on Sunday, the US President said he could "take the oil in Iran" and seize the export hub of Kharg Island. Trump said his "preference would be to take the oil", comparing the potential move to Venezuela where the US intends to control the oil industry "indefinitely" following its capture of leader Nicolas Maduro in January.

FTSE 100 - Risers

Rio Tinto (RIO) 6,789.00p 4.00% Glencore (GLEN) 558.80p 3.81% Land Securities Group (LAND) 549.00p 3.60% Centrica (CNA) 208.10p 3.53% SSE (SSE) 2,555.00p 2.86% AstraZeneca (AZN) 14,624.00p 2.38% BAE Systems (BA.) 2,113.00p 2.23% Metlen Energy & Metals (MTLN) 32.40p 2.20% Autotrader Group (AUTO) 456.10p 2.17% British Land Company (BLND) 350.20p 2.04%

FTSE 100 - Fallers

International Consolidated Airlines Group SA (CDI) (IAG) 349.50p -1.85% Prudential (PRU) 1,021.50p -1.45% Airtel Africa (AAF) 348.80p -1.19% M&G (MNG) 270.20p -0.95% Babcock International Group (BAB) 1,155.00p -0.94% InterContinental Hotels Group (IHG) 129.00p -0.92% Informa (INF) 739.60p -0.91% St James's Place (STJ) 1,157.50p -0.77% Lion Finance Group (BGEO) 9,255.00p -0.75% JD Sports Fashion (JD.) 68.12p -0.56%

FTSE 250 - Risers

Pan African Resources (PAF) 135.80p 3.19% Ceres Power Holdings (CWR) 318.40p 3.18% Ithaca Energy (ITH) 254.00p 2.63% Raspberry PI Holdings (RPI) 298.50p 2.50% The Schiehallion Fund Limited NPV (MNTN) 1.73p 2.22% HGCapital Trust (HGT) 381.00p 1.87% Diversified Energy Company (DI) (DEC) 1,388.00p 1.76% Bytes Technology Group (BYIT) 266.60p 1.76% Harbour Energy (HBR) 297.00p 1.58% Hilton Food Group (HFG) 489.50p 1.56%

FTSE 250 - Fallers

THG (THG) 29.42p -5.83% Close Brothers Group (CBG) 356.80p -4.45% Oakley Capital Investments Limited (DI) (OCI) 440.50p -3.94% Oxford Nanopore Technologies (ONT) 108.50p -3.47% Rank Group (RNK) 87.60p -3.31% Harworth Group (HWG) 148.00p -3.27% CVS Group (CVSG) 1,096.00p -3.18% Wizz Air Holdings (WIZZ) 856.50p -3.17% Renishaw (RSW) 3,545.00p -3.14% CMC Markets (CMCX) 328.00p -3.11%