FTSE 100 movers: Telecoms under the cosh; miners rally

9th Oct 2026 14:32

(Sharecast News) - London's FTSE 100 was up 1.2% at 10,566.48 in afternoon trade on Friday.

Miners were on the rise, with Antofagasta, Fresnillo, Anglo American and Glencore among the top performers amid firmer metals prices.

Software-related stocks also gained, with Relx, Sage Group and Experian up.

Telecoms were under the cosh after SpaceX agreed to buy a nationwide low-band spectrum portfolio that it said would "pave the way for Starlink Mobile to become a major mobile carrier in the US". Airtel Africa, Vodafone and BT Group were the worst performers on the index.

Russ Mould, investment director at AJ Bell, said: "Investors hung up on telecoms stocks after a SpaceX spectrum deal sent an electric shock down the line. SpaceX is to buy a nationwide spectrum portfolio in the US which would give its Starlink business greater capabilities in the US telecoms market.

"Shares in AT&T, Verizon and T-Mobile fell on the news that Starlink is to become more of a mainstream player. Naturally, the same sentiment was felt on the other side of the pond as it gave European telecoms operators a reason to view Elon Musk's outfit as a more serious longer-term competitive threat."

DCC Energy nudged lower as it agreed to sell its technology division, Nexora, to funds managed by One Equity Partners in a deal valuing the business at $725m on a cash‑ and debt‑free basis.

The sale comes as part of the recommended takeover of DCC Energy by Energy Capital Partners and KKR, which shareholders approved in September.

FTSE 100 - Risers

Antofagasta (ANTO) 3,758.00p 4.22%

Relx plc (REL) 2,697.00p 4.01%

Weir (WEIR) 2,638.00p 3.94%

The Sage Group (SGE) 1,065.00p 3.70%

Experian (EXPN) 2,665.00p 3.42%

Spirax Group (SPX) 7,250.00p 3.28%

WPP (WPP) 384.50p 3.25%

Fresnillo (FRES) 2,774.00p 3.12%

Anglo American (AAL) 4,167.00p 3.09%

Glencore (GLEN) 586.40p 3.06%

FTSE 100 - Fallers

Airtel Africa (AAF) 293.60p -5.30%

Vodafone Group (VOD) 119.70p -3.82%

BT Group (BT.A) 193.50p -2.05%

BP (BP.) 581.20p -0.48%

Shell (SHEL) 3,769.00p -0.24%

DCC Energy (DCC) 6,430.00p -0.23%

Admiral Group (ADM) 3,618.00p -0.11%

Intertek Group (ITRK) 5,890.00p 0.00%

RELX FINANCE BV 3.375% GTD NTS 20/03/33 (BW73) 98.64p 0.00%

National Grid (NG.) 1,154.50p 0.13%