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FTSE 100 movers: Darktrace slumps on relegation news; BP rallies

London’s FTSE 100 was down 0.4% at 7,138.52 in afternoon trade on Thursday.

Cybersecurity firm Darktrace tumbled as it emerged it will be relegated to the FTSE 250 in the next quarterly reshuffle.

Royal Mail was under the cosh as it traded without entitlement to the dividend.

Asset manager Abrdn lost ground after agreeing to buy subscription-based investment platform Interactive Investor for £1.49bn in cash.

Abrdn CEO Stephen Bird said: “This is a unique opportunity and a transformative step in delivering our growth strategy. Interactive Investor is the UK’s number one subscription-based investing platform with a powerful reputation as a consumer champion.

Oil giants Shell and BP were among the top performers even as oil prices fell after OPEC+ confirmed they had agreed to lift output in January as planned.

Telecommunications company BT Group was in the black again amid ongoing bid speculation.

FTSE 100 – Risers

Royal Dutch Shell ‘A’ (RDSA) 1,628.20p 1.32%
Royal Dutch Shell ‘B’ (RDSB) 1,628.40p 1.28%
BT Group (BT.A) 168.40p 1.26%
International Consolidated Airlines Group SA (CDI) (IAG) 133.32p 1.18%
BHP Group (BHP) 2,096.50p 1.06%
Unilever (ULVR) 3,891.50p 0.96%
BP (BP.) 335.90p 0.90%
Smith (DS) (SMDS) 371.30p 0.62%
Mondi (MNDI) 1,800.00p 0.47%
HSBC Holdings (HSBA) 430.65p 0.34%

FTSE 100 – Fallers

Darktrace (DARK) 446.40p -6.34%
Royal Mail (RMG) 482.10p -5.02%
Abrdn (ABDN) 227.40p -4.85%
Glencore (GLEN) 351.90p -4.84%
JD Sports Fashion (JD.) 217.15p -3.96%
Scottish Mortgage Inv Trust (SMT) 1,449.50p -3.56%
Prudential (PRU) 1,272.00p -3.20%
Entain (ENT) 1,667.50p -3.08%
Antofagasta (ANTO) 1,373.50p -2.90%
Ocado Group (OCDO) 1,691.50p -2.76%




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