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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: Endeavour Mining rallies; Ocado in the red

(Sharecast News) - London's FTSE 100 was up 1.1% at 7,571.91 in afternoon trade on Thursday, while sterling slid after the Bank of England hiked rates to the highest level in 13 years. Endeavour Mining surged as it reported a strong start to the year and said both production and all-in sustaining costs were well positioned to meet full-year guidance.

Paper and packaging group Mondi also rose after reporting a strong first-quarter performance late on Wednesday and announcing plans to sell its Russian assets.

On the downside, Hikma Pharmaceuticals tumbled after it cut guidance for its generics business, citing a delay to the launch of a narcolepsy treatment.

Banks were under the cosh, with NatWest and Lloyds both lower. CMC Markets analyst Michael Hewson said: "Banking stocks are under pressure on concerns over the economic outlook in the UK after the Bank of England's gloomy economic forecasts."

Online supermarket Ocado was on the back foot despite an upgrade to 'hold' at HSBC.

FTSE 100 - Risers

Endeavour Mining (EDV) 2,086.00p 7.47% Mondi (MNDI) 1,597.50p 6.36% Avast (AVST) 539.80p 6.18% Aveva Group (AVV) 2,298.00p 5.08% Anglo American (AAL) 3,650.50p 4.08% Glencore (GLEN) 501.30p 3.94% SEGRO (SGRO) 1,205.50p 3.70% Ashtead Group (AHT) 4,227.00p 3.60% Pershing Square Holdings Ltd NPV (PSH) 2,785.00p 3.53% Fresnillo (FRES) 793.00p 3.44%

FTSE 100 - Fallers

Hikma Pharmaceuticals (HIK) 1,703.50p -8.04% Admiral Group (ADM) 2,363.00p -5.21% NATWEST GROUP PLC ORD 100P (NWG) 213.20p -3.09% Lloyds Banking Group (LLOY) 44.48p -2.56% ITV (ITV) 73.24p -2.22% Ocado Group (OCDO) 873.00p -2.11% Aviva (AV.) 429.10p -1.22% Whitbread (WTB) 2,812.00p -0.99% Entain (ENT) 1,441.50p -0.93% Prudential (PRU) 978.20p -0.87%

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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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