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: Stocks fall after weekend events; Aston Martin surges
(Sharecast News) - London stocks fell in early trade on Monday as a failed coup against Putin over the weekend dented sentiment. At 0905 BST, the FTSE 100 was down 0.5% at 7,423.14.
Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: "The weekend rebellion which rocked Russia has sent the price of oil higher, as traders assess the regime's instability following the insurgency. Brent crude jumped by more than 1% before retreating a little, amid expectations of tighter supply.
"Despite the sanctions by Western powers, Russia is still one of the world's largest oil producers, with China and India key customers. Putin has been judged to be significantly weakened following the Wagner group's actions and uncertainty has thrown light on potential production issues ahead if more unrest follows.
"However, concerns about the effect of high interest rates in major economies on growth and China's recovery losing steam are still set to keep a lid on prices going forward.
"Equities are set for a lacklustre bout of trading with the unstable political situation in Russia adding to the uncertainties surrounding the prospects for the global economy.
"The heightened tensions have stepped up appetite for gold, which has risen further from three-month lows, up above $1,926 an ounce. Investors are adding ballast to their portfolios and taking more defensive positions as geo-political developments bring fresh winds of uncertainty. This more cautious stance is likely to continue as investors wait for further signs about the path of inflation."
In equity markets, Associated British Foods was a touch weaker even as it lifted its annual guidance as it said third-quarter sales at fashion chain Primark grew 13%, driven by strong summer sales and higher prices as customers seek value for money amid the cost-of-living crisis.
Lloyds was under the cosh after a downgrade to 'underweight' from 'neutral' at JPMorgan.
Cineworld tumbled after saying it will file for administration as part of a proposed restructuring plan.
On the upside, Aston Martin surged to the top of the FTSE 250 as the luxury car maker said it was entering the electric vehicle market after signing a strategic supply agreement with Lucid Group.
Market Movers
FTSE 100 (UKX) 7,423.14 -0.52% FTSE 250 (MCX) 17,954.07 -0.60% techMARK (TASX) 4,453.53 -0.63%
FTSE 100 - Risers
Sainsbury (J) (SBRY) 259.40p 0.86% Antofagasta (ANTO) 1,460.00p 0.52% Tesco (TSCO) 249.60p 0.32% Croda International (CRDA) 5,580.00p 0.29% Halma (HLMA) 2,265.00p 0.27% GSK (GSK) 1,428.80p 0.25% Next (NXT) 6,628.00p 0.24% Severn Trent (SVT) 2,689.00p 0.22% Auto Trader Group (AUTO) 592.80p 0.20% B&M European Value Retail S.A. (DI) (BME) 570.80p 0.14%
FTSE 100 - Fallers
BAE Systems (BA.) 909.80p -2.99% Airtel Africa (AAF) 109.30p -2.32% Barclays (BARC) 142.28p -2.02% Beazley (BEZ) 559.00p -1.93% Ocado Group (OCDO) 527.40p -1.90% Melrose Industries (MRO) 485.00p -1.80% Lloyds Banking Group (LLOY) 41.57p -1.76% International Consolidated Airlines Group SA (CDI) (IAG) 156.40p -1.60% Smurfit Kappa Group (CDI) (SKG) 2,572.00p -1.53% Hiscox Limited (DI) (HSX) 1,050.00p -1.50%
FTSE 250 - Risers
Aston Martin Lagonda Global Holdings (AML) 370.00p 13.08% Ferrexpo (FXPO) 89.10p 5.19% Abrdn Private Equity Opportunities Trust (APEO) 454.50p 3.30% Spirent Communications (SPT) 170.30p 1.25% Octopus Renewables Infrastructure Trust (ORIT) 91.40p 1.22% TUI AG Reg Shs (DI) (TUI) 550.00p 0.92% Cranswick (CWK) 3,226.00p 0.81% Pantheon International (PIN) 256.00p 0.79% Scottish American Inv Company (SAIN) 518.00p 0.78% Auction Technology Group (ATG) 711.00p 0.71%
FTSE 250 - Fallers
Molten Ventures (GROW) 230.40p -4.08% Hammerson (HMSO) 23.18p -3.01% UK Commercial Property Reit Limited (UKCM) 47.20p -2.98% Discoverie Group (DSCV) 835.00p -2.57% Balanced Commercial Property Trust Limited (BCPT) 65.20p -2.54% Digital 9 Infrastructure NPV (DGI9) 66.60p -2.49% Vesuvius (VSVS) 393.20p -2.38% Ascential (ASCL) 227.80p -2.23% Keller Group (KLR) 679.00p -2.16% Trainline (TRN) 230.60p -2.12%
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.