Sharecast - Rio Tinto (LON:RIO) was a top riser as Barclays (LON:BARC) lifted the shares to ‘overweight’ from ‘neutral’ after taking a more positive view on iron ore.
"More pain looks set to come in the real estate market, but manufacturing has surprised to the upside. We become more positive on pig iron output into 2024, which can support iron ore prices," the bank said.
On the downside, Barclays slid as its third-quarter headline profits beat analysts' forecasts, but the bank cut its guidance for retail banking net interest margin (NIM) for 2023. The full-year net interest margin - the difference between interest income and the amount it pays back in interest on deposits - was revised to 3.05-3.10%, from earlier guidance of 3.15-3.20%.
NatWest (LON:NWG), Lloyds and Standard Chartered (LON:STAN) also fell.
Bunzl (LON:BNZL) lost ground as it backed full-year guidance for adjusted operating profit but reported a decline in third-quarter sales and said full-year revenue was expected to be "slightly lower" than in 2022 at constant exchange rates.
FTSE 100 - Risers
Airtel Africa (AAF) 116.50p 4.02%
Centrica (LON:CNA) 158.35p 2.33%
Rio Tinto (RIO) 5,001.00p 2.26%
AstraZeneca (NASDAQ:AZN) 10,306.00p 2.04%
United Utilities Group (LON:UU.) 1,029.00p 1.68%
Severn Trent (LON:SVT) 2,552.00p 1.55%
SSE (LON:SSE) 1,590.00p 1.50%
Fresnillo (LON:FRES) 533.20p 1.41%
BP (LON:BP.) 539.00p 1.28%
Antofagasta (LON:ANTO) 1,313.00p 1.23%
FTSE 100 - Fallers
Barclays (BARC) 134.34p -6.73%
Bunzl (BNZL) 2,791.00p -4.22%
Experian (EXPN) 2,575.00p -4.17%
St James's Place (STJ) 618.80p -2.83%
NATWEST GROUP (NWG) 211.40p -1.81%
Endeavour Mining (EDV (LON:EDV)) 1,687.00p -1.80%
3i Group (LON:III) 1,996.00p -1.63%
Lloyds Banking Group (LON:LLOY) 40.78p -1.52%
M&G (MNG) 192.25p -1.46%
Standard Chartered (STAN) 707.60p -1.37%