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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 100 movers: Miners rally as metals prices gain; defence firms in the red

(Sharecast News) - London's FTSE 100 was down 0.1% at 9,420.70 in afternoon trade on Monday. Precious metals miner Fresnillo and miners Antofagasta, Anglo American, Glencore and Rio Tinto all gained as gold, silver and copper prices rose.

M&G was boosted by an upgrade to 'buy' from 'hold' at Berenberg.

It said M&G reported "very strong" solvency of 230% in H1 2025, which means it estimates there is circa £1.4bn of surplus capital above the group's 190% minimum solvency target.

"However, M&G stressed that it views its strong solvency capital as a source of flexibility and potential funding for bolt-on deals, with management highlighting the opportunities in private asset management in Europe.

"In addition, we believe that M&G would benefit from increasing its exposure to workplace pensions in the UK, which is a market that has structural net inflows. We believe that the strong trend that M&G is already seeing in asset management, with £2.6bn of net inflows in H1 2025, plus its new distribution initiatives, will lead to rising AUM, more OCG and higher DPS growth."

On the downside, defence firms Babcock and BAE Systems continued to lose ground.

FTSE 100 - Risers

Fresnillo (FRES) 2,572.00p 8.25% Antofagasta (ANTO) 2,826.00p 4.94% Anglo American (AAL) 2,975.00p 3.30% Glencore (GLEN) 356.30p 3.02% Entain (ENT) 824.80p 2.46% M&G (MNG) 260.60p 2.24% Flutter Entertainment (DI) (FLTR) 18,330.00p 2.17% Land Securities Group (LAND) 598.50p 1.96% LondonMetric Property (LMP) 184.20p 1.66% Rio Tinto (RIO) 5,062.00p 1.58%

FTSE 100 - Fallers

Babcock International Group (BAB) 1,195.00p -2.77% Metlen Energy & Metals (MTLN) 46.10p -1.91% Vodafone Group (VOD) 84.06p -1.62% Intertek Group (ITRK) 4,808.00p -1.60% Smiths Group (SMIN) 2,370.00p -1.58% Scottish Mortgage Inv Trust (SMT) 1,104.50p -1.56% BAE Systems (BA.) 1,953.50p -1.46% Standard Chartered (STAN) 1,437.00p -1.30% Admiral Group (ADM) 3,346.00p -1.24% Auto Trader Group (AUTO) 758.20p -1.22%

FTSE 250 - Risers

Big Yellow Group (BYG) 1,132.00p 17.31% IP Group (IPO) 59.90p 12.81% Endeavour Mining (EDV) 3,440.00p 11.40% Safestore Holdings (SAFE) 719.50p 9.93% Hochschild Mining (HOC) 389.20p 7.40% Aston Martin Lagonda Global Holdings (AML) 63.65p 6.71% Great Portland Estates (GPE) 329.00p 4.44% Fidelity China Special Situations (FCSS) 326.00p 3.66% Vistry Group (VTY) 626.00p 3.57% Future (FUTR) 648.00p 3.18%

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