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
Guides
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
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
FTSE 100 movers: Centrica, National Grid on the rise
(Sharecast News) - London's FTSE 100 was down 0.3% at 8,629.72 in afternoon trade on Monday. British Gas owner Centrica was still on the rise after well-received results last Thursday, when it hiked its dividend and announced a £500m share buyback as full-year earnings beat forecasts.
National Grid gained as it announced the sale of its US onshore renewables business, National Grid Renewables, to Brookfield Asset Management and its institutional partners, including Brookfield Renewable Partners, for $1.7bn.
Russ Mould, investment director at AJ Bell, said: "National Grid has to spend a lot of money to upgrade its electricity networks on both sides of the Atlantic and slimming down in other areas of the business has always been a component of that strategy.
"The sale of the company's US onshore renewables business is not a rushed response to the Trump administration's more sceptical views on green energy, but something which has been in the works for some time, having first been announced in May last year.
"The fact the company has got the deal across the line in the new political environment might be met with some relief. The price tag looks reasonable for a set of assets which made a modest contribution to the group.
"Attention may now turn to the company's stated plan to sell its Grain LNG terminal in Kent - a proposal which attracted some controversy when it was announced over the potential impact to energy security."
On the downside, Entain and Flutter Entertainment were the worst performers on the index.
FTSE 100 - Risers
BAE Systems (BA.) 1,307.50p 4.14% Centrica (CNA) 150.60p 3.79% Vodafone Group (VOD) 67.94p 2.63% GSK (GSK) 1,451.50p 1.57% British American Tobacco (BATS) 3,007.00p 1.42% Imperial Brands (IMB) 2,722.00p 1.42% National Grid (NG.) 971.60p 1.40% SSE (SSE) 1,514.00p 1.30% Unilever (ULVR) 4,454.00p 1.30% Airtel Africa (AAF) 139.50p 1.09%
FTSE 100 - Fallers
Entain (ENT) 695.40p -5.77% Flutter Entertainment (DI) (FLTR) 21,260.00p -4.62% Antofagasta (ANTO) 1,750.50p -3.82% Scottish Mortgage Inv Trust (SMT) 1,073.00p -3.16% Intermediate Capital Group (ICG) 2,320.00p -3.09% Fresnillo (FRES) 753.50p -2.96% London Stock Exchange Group (LSEG) 11,275.00p -2.68% Diploma (DPLM) 4,516.00p -2.59% Anglo American (AAL) 2,379.50p -2.48% InterContinental Hotels Group (IHG) 9,672.00p -2.30%
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 | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
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.
