FTSE 100 movers: Prudential slumps; airlines surge

(Sharecast News) - London's FTSE 100 was down 0.9% at 6,901.11 in afternoon trade on Monday.
Prudential slumped after the life insurer announced plans to raise £2bn through a public offer and international share placing on the Hong Kong Stock Exchange.

Anglo American was knocked lower by a downgrade to 'equalweight' from 'overweight' at Barclays, with miners more generally under the cosh amid worries about China.

Going the other way, British Airways and Iberia parent IAG and engine maker Rolls-Royce surged as it emerged that vaccinated passengers will be able to travel to the US from the EU and UK from November onwards.

As things stand, only US citizens, their families, green card holders and those with national interest exemptions can enter the US. However, according to the Financial Times, the White House is set to announce a new travel policy, marking the end of the 18-month blanket ban on travel imposed by former US President Donald Trump at the start of the pandemic.

AstraZeneca was also a high riser after the pharmaceuticals company said a new breast cancer drug reduces the risk of disease progression or death.

Catering group Compass was up ahead of its pre-close trading update on Tuesday.

Sainsbury's rose on reports the supermarket chain was working with a boutique investment bank to help defend itself from a potential takeover.

FTSE 100 - Risers

International Consolidated Airlines Group SA (CDI) (IAG) 165.56p 10.74%
Rolls-Royce Holdings (RR.) 116.80p 5.23%
AstraZeneca (AZN) 8,388.00p 4.03%
Polymetal International (POLY) 1,345.50p 2.05%
Compass Group (CPG) 1,494.50p 1.84%
Unilever (ULVR) 3,984.00p 1.68%
Hargreaves Lansdown (HL.) 1,445.50p 1.47%
Sainsbury (J) (SBRY) 285.90p 1.24%
Smiths Group (SMIN) 1,385.50p 1.02%
Reckitt Benckiser Group (RKT) 5,915.00p 0.90%

FTSE 100 - Fallers

Prudential (PRU) 1,326.50p -8.23%
Standard Chartered (STAN) 414.70p -6.18%
Smith (DS) (SMDS) 431.40p -4.96%
Schroders (SDR) 3,648.00p -4.93%
Anglo American (AAL) 2,464.00p -4.90%
Antofagasta (ANTO) 1,339.50p -4.83%
Intermediate Capital Group (ICP) 2,086.00p -4.14%
Ashtead Group (AHT) 5,756.00p -3.87%
Glencore (GLEN) 314.75p -3.81%
Admiral Group (ADM) 3,393.00p -3.72%