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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: GSK gains on acquisition; St James's Place falls

(Sharecast News) - London's FTSE 100 was flat at 7,692.41 in afternoon trade on Tuesday. GSK gained ground as it announced the acquisition of Aiolos, a clinical-stage biopharmaceutical company focused on treatment of respiratory and inflammatory conditions, for up to $1.4bn.

B&M European Value Retail was in the black as it reiterated its full-year guidance, declared a special dividend, and posted a 5% jump in third-quarter sales.

The discount retailer said it still expects group adjusted EBITDA of between £620m and £630m for FY24, up from £573m a year earlier.

In an update for the 13 weeks to 23 December, the company said group revenues jumped 5% to £1.65bn. However, this was a slowdown from the 6.2% growth seen in the first half.

St James's Place was under the cosh after Jupiter Fund Management warned that net outflows for 2023 would be higher than expected.

FTSE 100 - Risers

Hikma Pharmaceuticals (HIK) 1,886.00p 1.29% BP (BP.) 466.50p 1.09% GSK (GSK) 1,565.80p 1.08% Reckitt Benckiser Group (RKT) 5,574.00p 1.05% BAE Systems (BA.) 1,157.00p 1.05% Rolls-Royce Holdings (RR.) 308.30p 1.02% F&C Investment Trust (FCIT) 940.00p 0.97% Scottish Mortgage Inv Trust (SMT) 768.80p 0.84% B&M European Value Retail S.A. (DI) (BME) 566.20p 0.78% AstraZeneca (AZN) 10,848.00p 0.71%

FTSE 100 - Fallers

Beazley (BEZ) 533.50p -3.35% RS Group (RS1) 766.80p -2.52% JD Sports Fashion (JD.) 116.65p -2.26% Ocado Group (OCDO) 719.00p -2.10% Intermediate Capital Group (ICP) 1,575.50p -2.05% Marks & Spencer Group (MKS) 285.20p -1.82% Kingfisher (KGF) 226.90p -1.82% WPP (WPP) 757.40p -1.79% Flutter Entertainment (CDI) (FLTR) 13,240.00p -1.74% St James's Place (STJ) 636.80p -1.70%

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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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