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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 surges on update; pharma stocks in the red

(Sharecast News) - London's FTSE 100 was down 2.6% at 7,707.53 in afternoon trade on Wednesday. Pharma giants GSK and AstraZeneca both fell sharply after Trump said on Tuesday that the US would soon announce a "major" tariff on pharmaceutical imports.

JD Sports shot to the top of the index as it said that full-year profits were set to be in line with previous guidance and announced the launch of a £100m share buyback.

The company said trading to the end of March has been as it expected. For FY25, the group expects organic revenue growth of 5.8% and profit before tax and adjusting items in line with January guidance of £915m to £935m.

For FY26, JD currently expects profit before tax and adjusting items to be in line with consensus expectations of between £878m and £982m, but this excludes any potential impact from changes to tariffs.

Precious metals miner Fresnillo shone as gold prices advanced amid a flight to safety.

FTSE 100 - Risers

JD Sports Fashion (JD.) 68.74p 8.83% Fresnillo (FRES) 869.50p 0.87% Airtel Africa (AAF) 148.00p 0.20% RELX FINANCE BV 3.375% GTD NTS 20/03/33 (BW73) 99.72p 0.00% Next (NXT) 11,000.00p -0.14% BAE Systems (BA.) 1,563.00p -0.22% Auto Trader Group (AUTO) 727.00p -0.41% Diageo (DGE) 2,030.00p -0.64% BT Group (BT.A) 150.20p -0.73% 3i Group (III) 3,518.00p -0.76%

FTSE 100 - Fallers

AstraZeneca (AZN) 9,641.00p -7.07% Intermediate Capital Group (ICG) 1,550.00p -6.12% GSK (GSK) 1,258.50p -6.12% BP (BP.) 333.50p -5.86% Schroders (SDR) 285.60p -5.74% Melrose Industries (MRO) 383.20p -5.73% Land Securities Group (LAND) 494.60p -5.25% Smurfit Westrock (DI) (SWR) 2,946.00p -4.94% Scottish Mortgage Inv Trust (SMT) 815.80p -4.81% Persimmon (PSN) 1,090.50p -4.80%

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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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