After a record-breaking October, momentum on the UK’s biggest indices calmed down slightly in November.
The FTSE 100 edged lower over the month, slipping from 9,732 to 9,720 points, while the FTSE 250 also dipped from 22,176 to 22,165.
Despite the overall minimal change, it was a lively month for individual stocks, with sharp gains in a handful of names and heavy pullbacks in others.
Leading the blue-chip winners was Games Workshop, which climbed nearly 26% after a trading update reassured investors that demand for the role-playing game Warhammer is holding up better than expected.
The firm said core revenue for the half-year is on track to exceed £310 million and profits are expected to reach at least £135m.
In the FTSE 250, Ceres Power stood out again, surging more than 40% to top the mid-cap leaderboard.
CMC Markets was another big mover, rising 35% after upgrading full-year guidance and striking a partnership with Westpac, a deal seen as strengthening its distribution and growth outlook.
@businesscloud.co.uk 🔄Who were the winners and losers on the FTSE index in November?🔄 👀BusinessCloud gives the rundown on a hectic month for London markets, as the ship steadied following a record-breaking October and the Autumn Budget announcement ⬆️Ceres, Games Workshop, Fresnillo and Lloyds were all on the rise throughout the month ⬇️JD Sports, Auto Trader, Rightmove and 3i Group all struggled during the last official month of Autumn #ftse100 #ftse250 #londonstockexchange #uktech #plc ♬ original sound – BusinessCloud
Back in the FTSE 100, precious metals helped Fresnillo advance 23% as gold prices pushed higher.
SSE added 16% after unveiling a £33 billion investment plan for UK networks alongside a £2bn equity raise, while Lloyds gained over 9%, buoyed by a Budget that avoided fresh taxes on banks and by its reported £120m acquisition of digital wallets provider Curve.
On the flip side, 3i Group was the weakest in the FTSE 100, down almost 29%, after warning that momentum has slowed in its Action arm, particularly in France.
JD Sports fell 22% after cutting profit expectations and pointing to softer consumer demand across key markets.
The property and transport spaces also struggled, with Auto Trader down 21% and Rightmove close to 20% lower.
Whitbread slid nearly 19% after warning that Budget-linked business rates changes could weigh on profits next year.
Advertising giant WPP extended its difficult run, dropping 17% as concerns about ad-spend lingered following recent profit warnings.
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FTSE 100 top 10 risers:
Games Workshop Group – +25.96%
Fresnillo – +22.63%
SSE – +16.33%
Airtel Africa – +15.80%
Endeavour Mining – +13.90%
AstraZeneca – +12.64%
British American Tobacco – +12.55%
Standard Chartered – +11.57%
Lloyds Banking Group – +9.42%
GSK – +8.94%
FTSE 100 top 10 fallers:
3i Group – -28.99%
JD Sports – -22.04%
Auto Trader – -21.05%
Rightmove – -19.87%
Whitbread – -18.84%
WPP – -16.77%
Marks & Spencer – -13.72%
RELX – -13.35%
Hikma Pharmaceuticals – -12.50%
Burberry – -12.35%
FTSE 250 top 10 risers:
Ceres Power – +40.67%
CMC Markets – +34.88%
4imprint Group – +13.56%
Atalaya Mining Copper – +10.58%
BlackRock World Mining Trust – +7.66%
Computacenter – +6.00%
British Land Co plc – +5.72%
Bellway – +5.27%
Balfour Beatty – +4.45%
Chesnara – +3.83%
FTSE 250 top 10 fallers:
Baltic Classifieds – -21.56%
Chemring Group – -17.55%
Dr Martens – -17.46%
Ashmore – -14.80%
Bluefield Solar Income Fund – -12.73%
Domino’s Pizza plc – -12.47%
B&M European Value Retail – -10.78%
Currys – -8.48%
Bridgepoint Group – -7.88%
Chrysalis Investments – -7.84%