FTSE 100 movers: Miners under pressure; JMAT boosted by upgrade

(Sharecast News) - London's FTSE 100 was down 0.3% at 7,414.79 in afternoon trade on Monday. Miners Glencore, Anglo American, Antofagasta and Rio Tinto all fell on the back of disappointing Chinese economic growth data.

Data out earlier showed that second-quarter gross domestic in China product grew by 6.3% year-on-year, missing expectations. The print for the second quarter marked a 0.8% pace of growth from the first quarter and was well behind the 7.3% increase in second quarter GDP forecast by analysts.

Online supermarket Ocado was weaker ahead of half-year results on Tuesday.

On the upside, Johnson Matthey rallied after Deutsche Bank upgraded the shares to 'buy' from 'hold' and lifted the price target to 2,500p from 2,300p.

The bank said it sees upside potential from a) a successful pivot or b) a break-up.

Haleon was also on the rise after Futura Medical signed a licensing deal with the GSK spinoff.

FTSE 100 - Risers

Spirax-Sarco Engineering (SPX) 10,605.00p 1.43% Johnson Matthey (JMAT) 1,777.00p 1.31% Compass Group (CPG) 2,114.00p 1.00% NATWEST GROUP (NWG) 245.30p 0.95% United Utilities Group (UU.) 959.00p 0.84% Imperial Brands (IMB) 1,769.00p 0.68% Vodafone Group (VOD) 72.68p 0.66% Haleon (HLN) 316.30p 0.65% Weir Group (WEIR) 1,781.00p 0.62% Centrica (CNA) 124.50p 0.61%

FTSE 100 - Fallers

Coca-Cola HBC AG (CDI) (CCH) 2,343.00p -3.66% Ocado Group (OCDO) 576.40p -3.03% Glencore (GLEN) 454.15p -2.71% Flutter Entertainment (CDI) (FLTR) 15,565.00p -2.63% Anglo American (AAL) 2,291.00p -2.47% Antofagasta (ANTO) 1,501.00p -2.34% Halma (HLMA) 2,199.00p -2.01% Rio Tinto (RIO) 5,114.00p -1.88% Fresnillo (FRES) 617.80p -1.69% Prudential (PRU) 1,055.00p -1.54%