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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: B&M in the black; Rio Tinto falls on update

(Sharecast News) - London's FTSE 100 was down 0.3% at 8,160.12 in afternoon trade on Tuesday. B&M European Value Retail rallied as it reported a 2.4% increase in group revenues for the first quarter, driven by volume growth and its store opening program.

Airtel Africa gained after an upgrade to 'overweight' from 'neutral' at JPMorgan Cazenove.

Rio Tinto fell as the mining giant's second-quarter iron ore shipments were worse than expected due to a train derailment during the period.

Burberry was under the cosh again, after Cartier owner Richemont highlighted weak demand in China and Germany's Hugo Boss cut its annual sales guidance.

United Utilities and Severn Trent took a hit as Ofwat said it was expanding its investigation into how companies manage their wastewater treatment works and networks to include them both.

The regulator also served formal notices on Dŵr Cymru Welsh Water and Hafren Dyfrdwy.

The addition of four more water firms means there are now enforcement activities underway against all 11 water and wastewater firms in England and Wales.

FTSE 100 - Risers

B&M European Value Retail S.A. (DI) (BME) 465.40p 4.21% JD Sports Fashion (JD.) 117.95p 2.88% Airtel Africa (AAF) 119.30p 2.84% Marks & Spencer Group (MKS) 304.90p 1.67% Sainsbury (J) (SBRY) 265.20p 1.53% Rolls-Royce Holdings (RR.) 455.40p 1.31% Kingfisher (KGF) 271.30p 1.23% F&C Investment Trust (FCIT) 1,040.00p 1.17% Centrica (CNA) 137.45p 0.77% Smith (DS) (SMDS) 426.40p 0.71%

FTSE 100 - Fallers

Rio Tinto (RIO) 4,982.50p -4.04% Burberry Group (BRBY) 720.40p -3.17% Glencore (GLEN) 457.30p -2.97% United Utilities Group (UU.) 1,007.50p -2.66% Severn Trent (SVT) 2,531.00p -2.58% Anglo American (AAL) 2,306.50p -2.45% Antofagasta (ANTO) 2,094.00p -2.38% easyJet (EZJ) 482.80p -2.05% International Consolidated Airlines Group SA (CDI) (IAG) 172.10p -1.71% Entain (ENT) 666.40p -1.57%

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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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