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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: Imperial Brands gains on results; IAG flies lower

(Sharecast News) - London's FTSE 100 was down 0.4% at 8,080.19 in afternoon trade on Tuesday. Imperial Brands shot up after it posted a 4.5% rise in full-year adjusted operating profit as revenues from new products such as vapes and nicotine pouches surged by more than a quarter.

BT Group was also higher after Bharti Global completed the acquisition of a 24.5% stake in the company from France's Altice.

DCC was among the risers after The Telegraph said in its stock-picking column Questor that it was time to be less bearish on the sales, marketing and support services group.

DCC also got a boost as Jefferies hiked its price target on the buy-rated shares after the company announced last week that it was planning to simplify its operations and focus on the energy sector.

The price target was lifted to 7,950p from 7,600p.

Sainsbury's was in the black as RBC Capital Markets started coverage of the stock at 'outperform' with a 300p price target.

"We are encouraged by its focus on its food offer, which we think could support further low single digit percentage market share gains in the medium term," it said.

Diploma slumped even as it reported a 14% rise in revenue in its preliminary results to £1.36bn, as adjusted operating profit increased 20% to £285m.

IAG was under the cosh after British Airways was hit by another IT failure.

Informa fell even as it reaffirmed its recently upgraded full-year guidance and said strong forward bookings were providing momentum into 2025.

FTSE 100 - Risers

Imperial Brands (IMB) 2,466.00p 2.71% BT Group (BT.A) 147.90p 2.18% British Land Company (BLND) 380.20p 1.82% DCC (CDI) (DCC) 5,695.00p 1.79% Croda International (CRDA) 3,502.00p 1.16% National Grid (NG.) 983.20p 0.78% Sainsbury (J) (SBRY) 246.60p 0.65% AstraZeneca (AZN) 9,979.00p 0.65% Smith & Nephew (SN.) 986.80p 0.63% Persimmon (PSN) 1,265.50p 0.48%

FTSE 100 - Fallers

Diploma (DPLM) 4,138.00p -8.77% Melrose Industries (MRO) 508.20p -3.49% Rolls-Royce Holdings (RR.) 522.20p -3.15% International Consolidated Airlines Group SA (CDI) (IAG) 237.20p -3.03% Barclays (BARC) 254.65p -2.38% Informa (INF) 836.80p -2.15% CRH (CDI) (CRH) 7,704.00p -2.13% Lloyds Banking Group (LLOY) 55.06p -2.10% Schroders (SDR) 306.80p -2.04% Weir Group (WEIR) 2,126.00p -1.85%

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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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