Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
London midday: Stocks gain on commodities boost
(Sharecast News) - London stocks had risen by midday on Monday, boosted by firmer commodity prices, as investors continued to eye developments in the Middle East and looked ahead to a busy macro and corporate calendar. The FTSE 100 was up 0.4% at 7,633.24.
CMC Markets analyst Michael Hewson said: "On the data front it's a big week for the UK with the latest inflation and wages numbers as well as China Q3 GDP and US retail sales, while in the US bank earnings season continues tomorrow with the release of Goldman Sachs and Bank of America tomorrow, however these are likely to play second fiddle to the ongoing tension in the Middle East."
On home shores, the latest data from Rightmove showed that house prices rose in October at the slowest monthly pace for this time of year since the financial crisis of 2008.
House prices were up 0.5% to £368,231, well below the historic norm of 1.4%. On the year, meanwhile, house prices fell 0.8%.
Rightmove said the number of sales agreed was 17% below this time last year, as sellers who are struggling to adjust their price expectations to match current activity levels are finding their homes are being left on the shelf.
In equity markets, firmer commodity prices boosted the likes of Rio Tinto, Glencore and Shell.
Next was on the front foot after the clothing and homeware retailer said on Friday that it was buying FatFace.
St James's Place recovered some ground, having tanked on Friday after confirming it was reviewing its fees and charges structure.
Severn Trent advanced after Jefferies upgraded the shares to 'buy' from 'underperform'.
Online supermarket Ocado was the worst performer on the FTSE 100, knocked lower by a downgrade to 'underweight' at Barclays.
Hipgnosis tumbled after saying it had abandoned plans to pay an interim dividend in order to make sure it complies with its debt covenants, as it now expects lower payments from its US catalogue.
Elsewhere, Mike Ashely's Frasers Group was in focus as it upped its stake in fast fashion retailer Boohoo to 15.1% from 13.4%. Last week, the company - which owns Sports Direct, House of Fraser and Flannels, among others - increased the stake from 9.1%.
Market Movers
FTSE 100 (UKX) 7,633.24 0.44% FTSE 250 (MCX) 17,502.14 0.27% techMARK (TASX) 4,157.59 0.13%
FTSE 100 - Risers
St James's Place (STJ) 667.00p 4.19% Next (NXT) 7,012.00p 2.31% Severn Trent (SVT) 2,503.00p 2.29% British American Tobacco (BATS) 2,490.00p 1.76% Prudential (PRU) 897.60p 1.54% Rio Tinto (RIO) 5,151.00p 1.54% Glencore (GLEN) 463.30p 1.53% United Utilities Group (UU.) 1,015.00p 1.52% Shell (SHEL) 2,762.00p 1.47% Hargreaves Lansdown (HL.) 750.20p 1.41%
FTSE 100 - Fallers
Ocado Group (OCDO) 507.60p -4.37% Fresnillo (FRES) 543.20p -1.59% Intertek Group (ITRK) 4,144.00p -1.36% Hikma Pharmaceuticals (HIK) 2,051.00p -1.30% Airtel Africa (AAF) 116.80p -1.18% Halma (HLMA) 1,877.50p -1.00% GSK (GSK) 1,496.00p -0.93% Scottish Mortgage Inv Trust (SMT) 674.80p -0.62% AstraZeneca (AZN) 10,910.00p -0.58% Experian (EXPN) 2,762.00p -0.50%
FTSE 250 - Risers
IP Group (IPO) 52.70p 7.33% Energean (ENOG) 893.00p 5.06% Virgin Money UK (VMUK) 158.70p 3.35% Mitchells & Butlers (MAB) 209.60p 3.25% Abrdn (ABDN) 162.35p 2.98% Pennon Group (PNN) 678.50p 2.65% Mitie Group (MTO) 102.00p 2.31% Bakkavor Group (BAKK) 93.00p 2.20% TUI AG Reg Shs (DI) (TUI) 423.80p 2.12% Ninety One (N91) 167.80p 2.07%
FTSE 250 - Fallers
Hipgnosis Songs Fund Limited NPV (SONG) 65.50p -11.37% Digital 9 Infrastructure NPV (DGI9) 34.50p -4.83% Mobico Group (MCG) 61.85p -2.60% Marshalls (MSLH) 205.40p -2.56% Ceres Power Holdings (CWR) 245.80p -2.38% Darktrace (DARK) 357.50p -2.14% Fidelity China Special Situations (FCSS) 207.00p -2.13% Centamin (DI) (CEY) 86.25p -2.04% Currys (CURY) 46.34p -2.03% 4Imprint Group (FOUR) 4,765.00p -1.75%
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.