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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 100 movers: AB Foods rallies; Admiral in the red

(Sharecast News) - London's FTSE 100 was up 0.1% at 7,308.92 in afternoon trade on Tuesday. Associated British Foods gained after it reported a jump in full-year sales and profits despite surging input cost inflation, following a bumper performance at its budget fashion brand Primark.

Retailers in general got a boost, with B&M and Frasers Group also up.

Soft drinks bottler Coca-Cola HBC was trading higher after it raised full-year earnings guidance as it reported a boost to revenue from rising prices in the third quarter.

Sales, marketing and support services group DCC slid even as it posted a rise in first-half profit and revenue.

Persimmon slumped as it warned of fewer completions and a hit to margins from falling house prices amid the cost-of-living crisis. The company said cancellation rates had risen to 28% from 21% in the last six weeks after the government's disastrous mini budget - which saw thousands of mortgage offers pulled from the market - and rising interest rates.

Admiral fell after FTSE 250 peer Direct Line reported a dip in gross written premiums as it pointed to a challenging market backdrop for the motor and home segments.

FTSE 100 - Risers

B&M European Value Retail S.A. (DI) (BME) 370.40p 3.75% Associated British Foods (ABF) 1,478.50p 3.50% Frasers Group (FRAS) 726.50p 2.90% Coca-Cola HBC AG (CDI) (CCH) 1,979.00p 2.78% Experian (EXPN) 2,756.00p 2.34% Lloyds Banking Group (LLOY) 42.98p 2.30% Burberry Group (BRBY) 1,992.50p 2.23% National Grid (NG.) 976.60p 2.18% Rentokil Initial (RTO) 538.80p 2.12% Centrica (CNA) 78.24p 2.11%

FTSE 100 - Fallers

DCC (CDI) (DCC) 4,655.00p -5.85% Persimmon (PSN) 1,254.50p -5.18% Admiral Group (ADM) 1,909.50p -3.78% Harbour Energy (HBR) 394.20p -3.19% Shell (SHEL) 2,452.50p -1.94% RS Group (RS1) 878.00p -1.68% BP (BP.) 493.65p -1.62% Glencore (GLEN) 526.70p -1.00% M&G (MNG) 177.45p -0.81% Melrose Industries (MRO) 122.95p -0.81%

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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.

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