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
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: Land Securities boosted by upgrade; Centrica in the red
(Sharecast News) - London's FTSE 100 was up 0.3% at 8,189.25 in afternoon trade on Monday. Land Securities was boosted by an upgrade to 'buy' at HSBC.
Centrica was on the rise after Berenberg upgraded shares of the British Gas owner to 'buy' from 'hold' and lifted the price target to 155p from 130p.
The bank said Centrica's strong balance sheet, with nearly £3bn of net cash, continues to afford it optionality, which leads it to a more constructive view of the investment case.
Berenberg said the upgrade was supported by its expectation that the group will use £1bn of its cash to extend its share buyback programme.
Anglo American was under the cosh after the mining giant said it had been forced to suspend production at its Grosvenor steelmaking coal mine in Queensland after an underground coal gas ignition incident at the weekend.
No injuries were reported and all workers were evacuated safely. Grosvenor is expected to contribute 3.5m tonnes of steelmaking coal to Anglo's 15-17m total in 2024 - though the company said it will update the market with guidance "once more information is available".
FTSE 100 - Risers
Glencore (GLEN) 463.80p 2.82% Phoenix Group Holdings (PHNX) 536.00p 2.78% Standard Chartered (STAN) 734.80p 2.63% Land Securities Group (LAND) 635.50p 2.58% Centrica (CNA) 138.25p 2.48% Lloyds Banking Group (LLOY) 56.06p 2.41% Persimmon (PSN) 1,381.00p 2.14% Smurfit Kappa Group (CDI) (SKG) 3,604.00p 2.10% Barclays (BARC) 213.15p 2.03% BT Group (BT.A) 143.10p 1.96%
FTSE 100 - Fallers
BAE Systems (BA.) 1,280.50p -2.99% Beazley (BEZ) 691.50p -2.33% Anglo American (AAL) 2,462.00p -1.60% 3i Group (III) 3,017.00p -1.60% Burberry Group (BRBY) 864.40p -1.53% Relx plc (REL) 3,587.00p -1.43% Sage Group (SGE) 1,078.00p -0.96% easyJet (EZJ) 453.30p -0.96% Admiral Group (ADM) 2,591.00p -0.92% Hikma Pharmaceuticals (HIK) 1,877.00p -0.74%
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 | Security | Statutory and Regulatory disclosures | Whistleblowing policy
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.
