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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: DS Smith recovers; Vodafone in the red

(Sharecast News) - London's FTSE 100 was up 0.1% at 7,519.51 in afternoon trade on Thursday. DS Smith reversed earlier losses to trade up, after it said that chief executive Miles Roberts would be retiring no later than the end of next November and unveiled a fall in interim profit.

BA and Iberia owner IAG flew lower after a downgrade to 'underweight' from 'neutral' at JPMorgan.

Vodafone fell after Exane BNP cut the shares to 'underperform'.

Burberry was under the cosh after Deutsche Bank slashed its price target on the shares to 1,600p from 1,950p as it lowered its outer year earnings expectations. The bank maintained its 'hold' rating on the stock.

FTSE 100 - Risers

Smith (DS) (SMDS) 307.50p 2.36% Severn Trent (SVT) 2,709.00p 2.00% Taylor Wimpey (TW.) 137.25p 1.93% Anglo American (AAL) 2,239.00p 1.82% National Grid (NG.) 1,069.50p 1.71% Glencore (GLEN) 453.30p 1.52% Berkeley Group Holdings (The) (BKG) 4,945.00p 1.52% Rightmove (RMV) 572.20p 1.49% Barratt Developments (BDEV) 539.40p 1.43% Fresnillo (FRES) 587.80p 1.41%

FTSE 100 - Fallers

International Consolidated Airlines Group SA (CDI) (IAG) 157.00p -3.03% BT Group (BT.A) 133.45p -2.34% Vodafone Group (VOD) 70.59p -2.22% Entain (ENT) 792.60p -1.95% Burberry Group (BRBY) 1,485.00p -1.92% Standard Chartered (STAN) 651.80p -1.75% Next (NXT) 8,008.00p -1.43% JD Sports Fashion (JD.) 167.05p -0.95% Centrica (CNA) 149.25p -0.93% Flutter Entertainment (CDI) (FLTR) 12,880.00p -0.92%

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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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