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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: JD Sports recovers; miners gain in tandem with metals prices

(Sharecast News) - London's FTSE 100 was up 0.7% at 8,502.35 in afternoon trade on Friday. JD Sports was the standout gainer, having fallen a day earlier after Citi downgraded its stance on the shares 'neutral' from 'buy' and cut its price target to 95p from 150p as it pointed to a weaker growth outlook.

The bank said it was updating estimates following soft peak trading and the company's full-year guidance downgrade.

Citi cut its forecast for FY25 like-for-like and organic growth to 0.0% and 5%, respectively, from 1.1% and 6.4% growth, previously.

Miners Antofagasta, Glencore and Rio Tinto were all up as base metals prices rose.

Russ Mould, investment director at AJ Bell, said: "Copper, aluminium, lead, zinc and tin all saw higher prices amid a weaker dollar. Metals are typically priced in dollars and a decline in the US currency makes the commodities cheaper for buyers holding other currencies.

"Also putting a shine on metals prices was speculation that Donald Trump might not take the nuclear option regarding tariffs on China, potentially imposing a lower rate than has previously been suggested."

FTSE 100 - Risers

JD Sports Fashion (JD.) 84.76p 3.75% Antofagasta (ANTO) 1,779.50p 2.86% Diageo (DGE) 2,456.50p 2.29% Glencore (GLEN) 381.00p 2.01% Fresnillo (FRES) 691.50p 1.92% Mondi (MNDI) 1,227.50p 1.91% Prudential (PRU) 664.00p 1.84% WPP (WPP) 740.00p 1.82% Spirax Group (SPX) 7,730.00p 1.44% Rio Tinto (RIO) 5,018.00p 1.42%

FTSE 100 - Fallers

Convatec Group (CTEC) 236.60p -2.07% Taylor Wimpey (TW.) 116.45p -1.81% Compass Group (CPG) 2,691.00p -1.79% Centrica (CNA) 135.20p -1.74% Marks & Spencer Group (MKS) 327.00p -1.74% Auto Trader Group (AUTO) 765.80p -1.69% SSE (SSE) 1,557.50p -1.67% United Utilities Group (UU.) 967.60p -1.53% Barclays (BARC) 294.20p -1.49% National Grid (NG.) 955.40p -1.48%

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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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