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FTSE 100 movers: Shell gushes higher on upgrade; Phoenix falls

By Michele Maatouk

Date: Wednesday 23 Jun 2021

FTSE 100 movers: Shell gushes higher on upgrade; Phoenix falls

(Sharecast News) - London's FTSE 100 was up 0.2% at 7,105.45 in afternoon trade on Wednesday.
Royal Dutch Shell was the standout gainer after an upgrade to 'buy' from 'hold' at Societe Generale.

Miners were also on the front foot as copper and iron prices rose, with Glencore, Anglo American, Antofagasta and BHP all higher. BHP also benefited from an upgrade to 'overweight' at Morgan Stanley.

Phoenix Group was in the red after Swiss Re sold a 6.6% stake in the company.

Housebuilders were under the cosh, with Taylor Wimpey, Barratt and Persimmon all weaker. The Competition and Markets Authority said earlier that Persimmon had agreed to "landmark" commitments for leaseholders.

As part of the watchdog's investigation into unfair practices in the sector, the housebuilder will now offer leasehold homeowners the chance to buy the freehold of their home at a discounted price. It will also make repayments to certain homeowners who have already purchased their freeholds.

FTSE 100 - Risers

Royal Dutch Shell 'A' (RDSA) 1,490.20p 2.59%
Royal Dutch Shell 'B' (RDSB) 1,435.80p 2.54%
Glencore (GLEN) 314.60p 2.28%
Anglo American (AAL) 2,842.50p 1.81%
Antofagasta (ANTO) 1,459.00p 1.78%
BP (BP.) 328.40p 1.77%
Rolls-Royce Holdings (RR.) 110.04p 1.70%
BT Group (BT.A) 206.00p 1.68%
BHP Group (BHP) 2,099.00p 1.67%
Auto Trader Group (AUTO) 641.20p 1.39%

FTSE 100 - Fallers

Phoenix Group Holdings (PHNX) 677.80p -2.28%
Melrose Industries (MRO) 158.95p -2.12%
Informa (INF) 519.00p -1.89%
Taylor Wimpey (TW.) 161.50p -1.70%
Ocado Group (OCDO) 1,948.00p -1.57%
Barratt Developments (BDEV) 699.60p -1.35%
Persimmon (PSN) 2,993.00p -1.12%
National Grid (NG.) 920.40p -1.05%
Just Eat Takeaway.Com N.V. (CDI) (JET) 6,417.00p -0.99%
Fresnillo (FRES) 819.80p -0.94%

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