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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: EasyJet, oil giants gain ground

(Sharecast News) - London's FTSE 100 was up 0.5% at 8,356.50 in afternoon trade on Tuesday. EasyJet flew higher after Morgan Stanley, Barclays and Peel Hunt lifted their price targets on the stock.

Oil giants BP and Shell were among the top performers as oil prices edged higher ahead of this week's OPEC+ meeting.

Ashtead was also in the black after RBC Capital Markets upgraded shares of the equipment rental firm to 'outperform' from 'sector perform' and hiked the price target to 7,450p from 5,200p.

The bank said it has become increasingly optimistic on the relative prospects for the US economy relative to the rest of the world.

"We are aware that this is the broad consensus already but, taking our cues from the FX and fixed income markets, we think this could re-invigorate US construction activity which has been adjusting to higher interest rates," it said.

"This should kick-start more positive earnings per share momentum for Ashtead after an underwhelming 12 months."

FTSE 100 - Risers

Centrica (CNA) 130.95p 3.76% easyJet (EZJ) 565.20p 3.37% Antofagasta (ANTO) 1,761.50p 2.71% BP (BP.) 388.70p 2.13% Shell (SHEL) 2,566.00p 2.07% Glencore (GLEN) 384.75p 2.04% Ashtead Group (AHT) 6,398.00p 1.94% AstraZeneca (AZN) 10,756.00p 1.91% Fresnillo (FRES) 659.50p 1.85% Rio Tinto (RIO) 5,062.00p 1.85%

FTSE 100 - Fallers

BT Group (BT.A) 158.20p -1.68% British American Tobacco (BATS) 2,970.00p -1.00% Beazley (BEZ) 787.00p -0.76% Rentokil Initial (RTO) 399.20p -0.72% Berkeley Group Holdings (The) (BKG) 4,132.00p -0.67% SSE (SSE) 1,764.00p -0.65% Experian (EXPN) 3,724.00p -0.56% Schroders (SDR) 313.00p -0.51% Convatec Group (CTEC) 235.60p -0.51% Taylor Wimpey (TW.) 128.60p -0.43%

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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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