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 open: FTSE jumps past 8,000 as Centrica surges
(Sharecast News) - London's FTSE 100 jumped past 8,000 in early trade on Thursday, having breached that level for the first time a day earlier, with Centrica pacing the gains after bumper results. At 0840 GMT, the FTSE 100 was up 0.3% at 8,021.46, as worries about a global recession receded following better-than-expected US retail sales data.
Looking ahead to the rest of the day, CMC Markets analyst Michael Hewson said the focus will shift to US PPI numbers for January "and a confirmation that supply chain and factory gate costs are also easing sharply".
"This seems more likely given that freight costs have fallen back and are continuing to do so, and energy costs have also come down. Final demand PPI is expected to fall from 6.2% in December to 5.4%, while core PPI is expected to drop from 5.5% to 4.9%," he said.
In equity markets, British Gas owner Centrica surged as it said annual profits more than tripled to a record £3.3bn, driven by soaring wholesale gas prices in the wake of Russia's invasion of Ukraine, as Britons struggle with household energy bills.
Standard Chartered rallied after it announced a new $1bn share buyback as annual profits rose by almost a third on higher global interest rates, but still missed estimates.
Upper Crust owner SSP was a little weaker even after it backed its full-year guidance and hailed a strong start to the year, with revenues ahead of pre-pandemic levels, amid a further recovery in the travel industry.
Indivior tumbled after saying it swung to a loss in 2022 as it booked a $290m exceptional provision related to certain multidistrict antitrust class and state claims, and $6m to settle a dispute over reimbursement of legal costs with a supplier.
Moneysupermarket was also sharply lower despite posting a rise in full-year pre-tax profits.
Market Movers
FTSE 100 (UKX) 8,021.46 0.30% FTSE 250 (MCX) 20,225.34 0.26% techMARK (TASX) 4,634.32 0.54%
FTSE 100 - Risers
Centrica (CNA) 103.15p 4.66% Relx plc (REL) 2,523.00p 3.06% Vodafone Group (VOD) 101.92p 2.72% Standard Chartered (STAN) 748.80p 2.69% Melrose Industries (MRO) 147.45p 1.65% Prudential (PRU) 1,325.00p 1.61% BT Group (BT.A) 140.25p 1.41% Flutter Entertainment (CDI) (FLTR) 13,280.00p 1.37% Rio Tinto (RIO) 6,117.00p 1.33% Rolls-Royce Holdings (RR.) 113.48p 1.32%
FTSE 100 - Fallers
Imperial Brands (IMB) 1,992.00p -2.97% Berkeley Group Holdings (The) (BKG) 4,173.00p -1.88% Barclays (BARC) 171.58p -0.59% Pearson (PSON) 915.40p -0.59% Persimmon (PSN) 1,441.50p -0.59% Convatec Group (CTEC) 233.40p -0.51% Shell (SHEL) 2,567.00p -0.47% British American Tobacco (BATS) 3,135.50p -0.44% BP (BP.) 557.30p -0.43% Barratt Developments (BDEV) 466.40p -0.36%
FTSE 250 - Risers
Bank of Georgia Group (BGEO) 2,880.00p 5.88% FDM Group (Holdings) (FDM) 842.00p 5.12% Baltic Classifieds Group (BCG) 153.40p 3.79% Drax Group (DRX) 689.00p 3.53% JTC (JTC) 755.00p 3.14% Hunting (HTG) 335.00p 2.76% Scottish American Inv Company (SAIN) 522.00p 2.35% IWG (IWG) 189.80p 2.29% Syncona Limited NPV (SYNC) 173.80p 2.24% Fidelity Emerging Markets Limited Ptg NPV (FEML) 644.60p 2.07%
FTSE 250 - Fallers
Indivior (INDV) 1,695.00p -13.25% Moneysupermarket.com Group (MONY) 215.40p -8.50% LXI Reit (LXI) 115.20p -1.37% NextEnergy Solar Fund Limited Red (NESF) 110.20p -1.08% Murray Income Trust (MUT) 876.00p -0.90% Tritax Eurobox (GBP) (EBOX) 70.20p -0.85% Pets at Home Group (PETS) 376.00p -0.79% SSP Group (SSPG) 267.40p -0.78% Warehouse Reit (WHR) 107.00p -0.74% Network International Holdings (NETW) 277.60p -0.72%
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.