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: Fresnillo shines; BAE Systems under the cosh
(Sharecast News) - London's FTSE 100 was up 0.2% at 7,960.54 in afternoon trade on Tuesday. Precious metals miner Fresnillo shone as gold prices hit a fresh record high.
Halma was in the black as Barclays upgraded the shares to 'overweight' from 'equalweight' and lifted the price target to 2,650p from 2,425p.
"Against an expected declining interest rate backdrop later this year, bond proxy, high quality, EPS compounders are likely to come more into focus," Barclays said.
In UK Capital Goods, two names fit this criteria, Halma and Spirax Group, it said.
Barclays said that based on its comparative framework its relative preference is for Halma, hence the upgrade.
Miners Rio Tinto and Anglo American advanced as iron ore prices rose. Russ Mould, investment director at AJ Bell, said: "Mining stocks have benefitted from rising iron ore prices amid speculation that demand will improve from Chinese steelmakers.
"The Chinese government is eager to stimulate the economy and there is a hope that its initiatives will feed through into greater steel activity, with iron ore a key raw material."
BAE Systems was under the cosh after Goldman Sachs said in a research note on European defence shares that it sees more downside than upside risk for the sector's valuations approaching 2025.
FTSE 100 - Risers
Fresnillo (FRES) 580.00p 4.32% Weir Group (WEIR) 2,084.00p 2.66% Ocado Group (OCDO) 384.80p 2.59% Ashtead Group (AHT) 5,858.00p 2.13% St James's Place (STJ) 437.20p 2.10% Halma (HLMA) 2,294.00p 2.00% Rio Tinto (RIO) 5,286.00p 1.97% Anglo American (AAL) 2,190.00p 1.62% Croda International (CRDA) 4,671.00p 1.61% WPP (WPP) 748.00p 1.44%
FTSE 100 - Fallers
BAE Systems (BA.) 1,276.50p -4.56% Rolls-Royce Holdings (RR.) 414.10p -3.50% Standard Chartered (STAN) 684.60p -2.06% Pershing Square Holdings Ltd NPV (PSH) 3,986.00p -1.82% Whitbread (WTB) 3,196.00p -1.69% Melrose Industries (MRO) 660.60p -1.52% CRH (CDI) (CRH) 6,672.00p -1.42% B&M European Value Retail S.A. (DI) (BME) 515.20p -1.34% Hikma Pharmaceuticals (HIK) 1,820.00p -1.03% Rightmove (RMV) 529.80p -0.93%
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.
