FTSE 100 movers: Imperial Brands smokes higher on e-cigs report; miners slump
London's FTSE 100 was down 0.5% to 7,106.91 in afternoon trade on Friday, with miners under the cosh as the greenback rallied.
Miners were the biggest losers, with Anglo, Glencore, BHP Billiton and Antofagasta all lower as the dollar got a boost from a hawkish Federal Reserve policy statement. A stronger dollar tends to dent greenback-denominated commodities as it makes them more expensive for holders of other currencies.
Paper and packaging group Smurfit Kappa was under the cosh as Goldman Sachs cut the stock to 'sell' from 'neutral'.
Elsewhere, SSE was on the back foot after the energy firm said its merger with npower will be delayed as the two parties renegotiate terms following the government's introduction of a price cap. SSE and npower owner Innogy SE said late on Thursday that they are working together regarding potential changes to the terms of the proposed combination.
On the upside, Imperial Brands was the standout gainer following a Washington Post report that the US Food and Drug Administration is planning to announce a ban on the sale of most pod-based flavoured e-cigarettes in convenience stores and gas stations across the US as part of an effort to curb sales to minors.
Informa gained ground after the exhibitions organiser and business publisher said it remains on track for underlying revenue growth of at least 3.5% for the full year. With 10 months of the year gone, underlying revenue growth for the FTSE 100 group as a whole was up 3.9% compared to this time last year.
Unilever was a high riser following a report in the South China Morning Post that it, Colgate-Palmolive and Church & Dwight might put in offers for Chinese consumer product company Weimeizi.
FTSE 100 - Risers
Imperial Brands (IMB) 2,771.50p 3.01%
Informa (INF) 708.00p 2.43%
easyJet (EZJ) 1,253.00p 2.24%
International Consolidated Airlines Group SA (CDI) (IAG) 640.80p 1.77%
Unilever (ULVR) 4,145.00p 1.67%
Diageo (DGE) 2,739.00p 1.42%
National Grid (NG.) 851.70p 1.40%
Relx plc (REL) 1,551.50p 1.34%
London Stock Exchange Group (LSE) 4,232.00p 1.27%
Aviva (AV.) 433.30p 1.19%
FTSE 100 - Fallers
Anglo American (AAL) 1,672.60p -4.73%
Glencore (GLEN) 303.20p -4.70%
Smurfit Kappa Group (SKG) 2,358.00p -4.38%
Wood Group (John) (WG.) 662.40p -4.33%
Evraz (EVR) 557.80p -4.29%
BHP Billiton (BLT) 1,576.60p -4.13%
Antofagasta (ANTO) 785.40p -4.11%
Fresnillo (FRES) 866.00p -4.10%
Burberry Group (BRBY) 1,796.50p -3.70%
SSE (SSE) 1,139.50p -3.64%