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FTSE 100 movers: Miners gain; Airtel Africa in the red
(Sharecast News) - London's FTSE 100 was up 0.2% at 7,716.27 in afternoon trade on Monday. Miners Antofagasta and Glencore rose on the back of further Covid curb easing in China.
WPP was also on the front foot on news that activist investor Silchester has built a £500m stake in the advertising company, making it the third-biggest shareholder.
Airtel Africa was trading down after saying its Nigerian subsidiary had bought 4G & 5G spectrum from the Nigerian Communications Commission for $316.7m.
The company said it had acquired 100 MHz of spectrum in the 3500MHz band and 2x5MHz of 2600MHz.
"This additional spectrum will support our investments in network expansion for both mobile data and fixed wireless home broadband capability, including 5G rollout, providing significant capacity to accommodate our continued strong data growth in the country and exceptional customer experience," the company said.
FTSE 100 - Risers
Ocado Group (OCDO) 752.00p 4.74% Antofagasta (ANTO) 1,713.00p 3.50% Flutter Entertainment (CDI) (FLTR) 12,410.00p 3.46% International Consolidated Airlines Group SA (CDI) (IAG) 145.20p 3.33% Glencore (GLEN) 541.90p 3.04% WPP (WPP) 886.40p 2.69% Entain (ENT) 1,451.50p 2.58% Melrose Industries (MRO) 145.20p 1.89% CRH (CDI) (CRH) 3,630.50p 1.89% Prudential (PRU) 1,252.50p 1.83%
FTSE 100 - Fallers
Beazley (BEZ) 666.50p -2.84% BAE Systems (BA.) 835.20p -2.63% Fresnillo (FRES) 941.20p -2.47% United Utilities Group (UU.) 1,022.50p -2.43% Airtel Africa (AAF) 115.60p -2.28% Severn Trent (SVT) 2,729.00p -2.26% Centrica (CNA) 90.46p -2.21% Frasers Group (FRAS) 745.50p -1.65% JD Sports Fashion (JD.) 140.55p -1.40% Taylor Wimpey (TW.) 107.40p -1.33%
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