FTSE 100 movers: Airtel Africa tumbles; Fresnillo shines

18th Sep 2026 14:25

(Sharecast News) - London's FTSE 100 was down 1.4% at 10,664.20 in afternoon trade on Friday.

Airtel Africa was the worst performer on the index following a report that Airtel Money is considering raising less money than previously sought in its initial public offering. According to Bloomberg, which cited people familiar with the matter, the money transfer and payments company's IPO is now expected to raise at least $800m, down from a previously targeted size of $1.5bn to $2bn as reported by Bloomberg in April.

Sources told Bloomberg that Airtel Money is now considering a valuation of $8bn to $9bn to align with technology stock valuations, lower than the $10bn sought previously. The firm's valuation in the offering was reduced following feedback from investors, according to Bloomberg.

Airtel Money is part of Airtel Africa, with Qatar Holdings and Mastercard among the minority investors.

Investec fell as the banking and wealth management group said first-half results were set to be in line with the guidance given in May.

On the upside, precious metals miner Fresnillo shone as gold prices rose, while pharmaceutical firm AstraZeneca gained as Goldman Sachs lifted its price target on the stock to 16,526p from 16,300p, maintaining a 'buy' rating.

FTSE 100 - Risers

IG Group Holdings (IGG) 1,335.00p 1.75%

Fresnillo (FRES) 3,055.00p 1.57%

Rio Tinto (RIO) 7,287.00p 1.24%

AstraZeneca (AZN) 12,530.00p 1.03%

BAE Systems (BA.) 2,062.00p 1.03%

Pearson (PSON) 1,213.50p 0.91%

Computacenter (CCC) 5,405.00p 0.46%

Intertek Group (ITRK) 5,865.00p 0.43%

Halma (HLMA) 3,536.00p 0.40%

Haleon (HLN) 340.40p 0.32%

FTSE 100 - Fallers

Airtel Africa (AAF) 321.60p -9.65%

Coca-Cola HBC AG (CDI) (CCH) 4,346.00p -5.90%

BT Group (BT.A) 197.60p -5.02%

Vodafone Group (VOD) 125.25p -4.74%

Next (NXT) 14,235.00p -4.39%

Entain (ENT) 482.10p -4.24%

Glencore (GLEN) 559.00p -3.67%

JD Sports Fashion (JD.) 73.72p -3.41%

Investec (INVP) 639.50p -3.18%

Metlen Energy & Metals (MTLN) 45.25p -3.16%