Stock Movers BE Semiconductor Up, Orsted Rises, BAT Down
Jan 2, 2026
Chloe Melle, a Bloomberg reporter specializing in European market analysis, discusses key stock movements. Orsted reacts to a legal complaint regarding a suspended wind project lease, showing a 3.7% rise. Meanwhile, BE Semiconductor Industries jumps 8.2%, fueled by gains in Asian tech. In contrast, British American Tobacco suffers a 2.7% drop due to a significant excise duty hike on cigarettes in India, raising concerns about its revenue. Chloe connects these factors, highlighting the dynamic interplay of local policies and market movements.
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Miners Fueled The FTSE 100 Rally
- Precious metals drove the FTSE 100's strong performance, with miners like Fresnillo surging on gold and silver price gains.
- Central bank buying and lower US rates boosted safe-haven demand, supporting further upside for miners in 2026.
Fresnillo's Massive 2025 Gain
- Fresnillo delivered outsized returns, up 449% in 2025, making it the FTSE 100's top performer by a wide margin.
- Strong commodity prices and safe-haven flows were the main drivers behind that exceptional performance.
Orsted Challenges U.S. Lease Suspension
- Orsted sued after the Trump administration suspended the nearly completed Revolution Wind lease, calling the action unlawful.
- The legal challenge aims to keep the suspension lifted until a court issues a final ruling, signaling company pushback against US actions.