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
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
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: DS Smith surges; S&N in the red
(Sharecast News) - London's FTSE 100 was down 0.9% at 8,086.59 in afternoon trade on Thursday. DS Smith surged as International Paper - the US-based company with which it has agreed to merge - jumped 13% after better-than-expected third-quarter results.
Smurfit Westrock also rose.
Energy major Shell gained as it posted a dip in third-quarter profits, weighed down by lower oil prices, although the decline was less steep than feared.
Adjusted earnings before interest, tax, depreciation and amortisation fell 5% on the second quarter, to $16.01bn, while adjusted earnings - Shell's definition of net profit - declined 4% to $6.03bn.
That was notably better than the $5.36bn expected by analysts, however.
Smith & Nephew tanked as it slashed its full-year sales guidance after weaker-than-expected trading in China.
Housebuilders Persimmon, Barratt Redrow and Taylor Wimpey all fell.
Russ Mould, investment director at AJ Bell, said: "Yesterday's relief rally after the Budget didn't last long.
"Gilt yields jumped after the market cottoned on to a big increase in government borrowing over the next five fiscal years and that extra tax income from changes announced in the Budget won't appear overnight.
"That means interest rates could stay higher for longer which is not good for housebuilders and retailers hoping for reduced pressures on household finances, hence why those sectors were in the red today."
FTSE 100 - Risers
Smith (DS) (SMDS) 543.50p 13.85% Smurfit Westrock (DI) (SWR) 4,035.00p 6.77% Shell (SHEL) 2,548.00p 2.31% Coca-Cola HBC AG (CDI) (CCH) 2,726.00p 2.17% BP (BP.) 377.50p 0.92% British American Tobacco (BATS) 2,672.00p 0.91% Imperial Brands (IMB) 2,322.00p 0.78% Anglo American (AAL) 2,403.00p 0.73% Prudential (PRU) 644.40p 0.44% Mondi (MNDI) 1,253.50p 0.40%
FTSE 100 - Fallers
Smith & Nephew (SN.) 956.20p -12.91% Persimmon (PSN) 1,485.00p -6.34% Barratt Redrow (BTRW) 444.10p -5.59% Taylor Wimpey (TW.) 148.15p -5.52% Kingfisher (KGF) 291.80p -5.26% Next (NXT) 9,762.00p -4.15% B&M European Value Retail S.A. (DI) (BME) 386.00p -3.81% Berkeley Group Holdings (The) (BKG) 4,436.00p -3.69% Whitbread (WTB) 3,060.00p -3.62% Vistry Group (VTY) 920.50p -3.61%
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 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.
