Sharecast - Shore Capital has reiterated its 'hold' stance on Spirax-Sarco after the company underwhelmed with guidance on organic growth for the year, saying the stock is "full valued" for now.
Housebuilder Persimmon (LON:PSN) gained after saying it was on track to meet expectations for full-year profit, despite higher mortgage rates, the removal of Help-to-Buy and "significant" market uncertainty. Top-line growth, excluding bulk sales, was described as "robust", private average selling prices increased in its order book and costs savings were achieved, it said.
Antofagasta (LON:ANTO) rose strongly after announcing first-half revenue of $2.89bn – a 14.3% increase year-on-year, primarily due to higher copper and by-product sales volumes and prices.
Sector peer Rio Tinto (LON:RIO) was lower after trading ex-dividend.
Burberry was among the best performers on news that US-listed sector peer Capri Holdings, owner of Versace, Michael Kors (NYSE:CPRI) and Jimmy Choo, was being bought by Coach owner Tapestry for $8.5bn.
FTSE 100 - Risers
Persimmon (PSN) 1,169.00p 4.05%
Burberry Group (LON:BRBY) 2,262.00p 3.01%
Prudential (LON:PRU) 1,039.50p 2.36%
Croda International (CRDA) 5,604.00p 2.11%
Haleon (LON:HLN) 335.45p 2.07%
InterContinental Hotels Group (IHG (LON:IHG)) 6,042.00p 1.82%
Severn Trent (LON:SVT) 2,434.00p 1.80%
Antofagasta (ANTO) 1,633.50p 1.65%
Legal & General Group (LGEN) 232.60p 1.62%
Ocado Group (LON:OCDO) 856.20p 1.54%
FTSE 100 - Fallers
Spirax-Sarco Engineering (SPX) 10,430.00p -3.74%
Rio Tinto (RIO) 4,797.50p -3.18%
NATWEST GROUP (NWG) 234.70p -1.55%
Smurfit Kappa Group (CDI) (SKG) 3,154.00p -1.38%
Fresnillo (LON:FRES) 543.00p -1.16%
HSBC Holdings (LON:HSBA) 630.20p -0.91%
BAE Systems (LON:BAES) (BA.) 1,019.50p -0.83%
Smith (DS) (SMDS) 298.60p -0.80%
SEGRO (SGRO) 749.80p -0.74%
Abrdn (ABDN) 193.35p -0.64%