FTSE 100 movers: Miners gain; Smith & Nephew slumps on CFO departure

19th Aug 2026 14:13

(Sharecast News) - London's FTSE 100 was up 0.3% at 10,754.75 in afternoon trade on Wednesday.

Rio Tinto was among the risers following a Bloomberg report it's in talks about a potential $600m investment in McEwen Copper, which owns the Los Azules project in Argentina.

Miners more generally were on the rise, with Antofagasta, Fresnillo, Glencore and Anglo American all up.

On the downside, IG Group slid as UBS slashed its price target on the stock to 1,700p from 2,200p. The bank, which maintained a 'buy' rating, noted the drop in the company's market value following news of its acquisition of Underdog and said this suggests the market is concerned about risks associated with deal.

Medical technology firm Smith & Nephew slumped as it said that chief financial officer John Rogers will be stepping down on 30 September, to take up an external position in the US.

Richard Hunter, head of markets at Interactive Investor, said Rogers was "seen as someone largely responsible for the group's margin improvement".

FTSE 100 - Risers

Croda International (CRDA) 3,210.00p 3.67%

Antofagasta (ANTO) 3,654.00p 2.78%

Fresnillo (FRES) 2,951.00p 2.59%

Glencore (GLEN) 564.80p 2.34%

Anglo American (AAL) 3,930.00p 2.19%

Weir (WEIR) 2,630.00p 1.93%

Rio Tinto (RIO) 7,249.00p 1.80%

Scottish Mortgage Inv Trust (SMT) 1,453.00p 1.61%

International Consolidated Airlines Group SA (CDI) (IAG) 431.60p 1.58%

Burberry Group (BRBY) 1,088.50p 1.30%

FTSE 100 - Fallers

IG Group Holdings (IGG) 1,331.00p -3.97%

Smith & Nephew (SN.) 1,066.50p -3.96%

Entain (ENT) 537.00p -2.40%

Relx plc (REL) 2,493.00p -1.81%

Aviva (AV.) 724.80p -1.55%

Marks & Spencer Group (MKS) 383.50p -1.51%

Hiscox Limited (DI) (HSX) 1,777.00p -1.50%

Experian (EXPN) 2,836.00p -1.36%

London Stock Exchange Group (LSEG) 8,390.00p -1.27%

Rentokil Initial (RTO) 341.70p -1.16%