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FTSE 100 movers: Fresnillo shines; Flutter falls despite guidance upgrade

(Sharecast News) - London's FTSE 100 was down 0.2% at 9,085.20 in afternoon trade on Friday. Online sports betting and iGaming operator Flutter Entertainment slumped despite lifting its full-year outlook as it hailed a solid second quarter.

The FanDuel and Paddy Power owner said group revenue and adjusted EBITDA for FY25 are now expected to be $17.26bn and $3.295bn at the midpoint representing 23% and 40% year-over-year growth, respectively.

Danni Hewson, head of financial analysis at AJ Bell, said: "Gambling outfit Flutter Entertainment struck out with investors despite reporting solid growth and lifting annual revenue guidance by a smidge overnight.

"These positive headlines do not tell the whole story as, apart from its US iGaming business and a strong contribution from international acquisitions, the company saw underwhelming growth across most regions.

"This suggests the company could be losing share in several markets, with overall growth in the US, for example, some way behind several of its peers."

Ladbrokes owner Entain also lost ground.

Precious metals miner Fresnillo jumped to the top of the index as gold prices rallied following a report the US has imposed tariffs on imports of one-kilo gold bars.

Danni Hewson said: "Sustained by factors like its safe haven credentials and a weakening dollar in 2025 - this latest development will have gold bugs eyeing the $4,000 level.

"The news is more bad news for Switzerland after being hit by a shock 39% export tariff to the US, given it is one of the biggest precious metal hubs globally.

"The move higher in gold helped to lift shares in gold and silver miner Fresnillo in London, extending its advance year-to-date to more than 160%."

FTSE 100 - Risers

Fresnillo (FRES) 1,723.00p 2.99% Glencore (GLEN) 286.75p 2.25% Coca-Cola Europacific Partners (DI) (CCEP) 7,020.00p 2.18% Rentokil Initial (RTO) 378.30p 1.67% Melrose Industries (MRO) 590.00p 1.55% Vodafone Group (VOD) 84.64p 1.27% British American Tobacco (BATS) 4,242.00p 1.27% CRH (CDI) (CRH) 8,022.00p 1.16% Berkeley Group Holdings (The) (BKG) 3,744.00p 1.08% Babcock International Group (BAB) 957.00p 1.00%

FTSE 100 - Fallers

Flutter Entertainment (DI) (FLTR) 20,980.00p -8.42% WPP (WPP) 369.10p -5.79% Entain (ENT) 944.20p -5.20% InterContinental Hotels Group (IHG) 8,922.00p -2.83% Relx plc (REL) 3,565.00p -2.76% The Sage Group (SGE) 1,169.50p -2.42% Experian (EXPN) 3,770.00p -2.33% Compass Group (CPG) 2,582.00p -2.31% Beazley (BEZ) 904.50p -2.00% Hikma Pharmaceuticals (HIK) 1,717.00p -1.89%

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