FTSE 100 movers: Miners in the red; housebuilders rally

(Sharecast News) - London's FTSE 100 was down 0.4% at 7,152.70 in afternoon trade on Wednesday.
BHP Group was the worst performer, having gained a day earlier after agreeing to sell its petroleum business to Australia's Woodside Petroleum and posting a 42% jump in full-year net profit. It also said on Tuesday that it was planning to delist from London, leaving its main listing in Australia.

Miners more generally were under the cosh, with Antofagasta, Rio Tinto, Anglo American and Glencore all weaker as copper prices fell.

Luxury fashion brand Burberry was also down. CMC Markets analyst Michael Hewson said the shares were lower "as concerns about the recovery in Asia weigh further on the share price".

"Comments from Chinese state media that suggested that China was looking at forms of wealth distribution also weighed on sentiment," he added.

On the upside, housebuilders Barratt Developments and Taylor Wimpey were both higher after figures from the Office for National Statistics showed that house prices rose 13.2% in June from a year earlier, marking the fastest annual rate since 2004.

Pantheon Macroeconomics said: "June's sharp acceleration in house price growth reflected a stampede of buyers aiming to make the most of the elevated stamp duty threshold of £500K, before it fell back to £250K in July.

"We anticipate that house price growth will slow over the coming months, as the impact from the temporary increase in the SDLT threshold fades, particularly once it returns to £125K at the end of September."

FTSE 100 - Risers

Just Eat Takeaway.Com N.V. (CDI) (JET) 6,682.00p 5.90%
Informa (INF) 551.00p 1.62%
Ocado Group (OCDO) 1,874.00p 1.57%
Barratt Developments (BDEV) 714.80p 1.30%
Rightmove (RMV) 705.80p 1.23%
Phoenix Group Holdings (PHNX) 667.60p 1.15%
SSE (SSE) 1,639.00p 1.11%
Croda International (CRDA) 9,190.00p 1.08%
Taylor Wimpey (TW.) 174.70p 1.07%
AstraZeneca (AZN) 8,670.00p 0.99%

FTSE 100 - Fallers

BHP Group (BHP) 2,228.50p -5.49%
Burberry Group (BRBY) 1,967.50p -3.55%
Antofagasta (ANTO) 1,481.50p -2.08%
Rio Tinto (RIO) 5,367.00p -2.04%
Anglo American (AAL) 3,242.50p -1.99%
Glencore (GLEN) 318.75p -1.79%
Sainsbury (J) (SBRY) 290.80p -1.69%
Evraz (EVR) 562.40p -1.68%
Lloyds Banking Group (LLOY) 44.25p -1.64%
Melrose Industries (MRO) 168.45p -1.49%