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
Shares
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: Miners rally; Croda slumps after results
(Sharecast News) - London's FTSE 100 was up 0.1% at 7,688.42 in afternoon trade on Tuesday. Miners Anglo American, Antofagasta and Rio Tinto gained.
Russ Mould, investment director at AJ Bell, pointed to the fact that China "took steps to bolster confidence in its currency and economy ahead of a big leadership summit which kicks off in Beijing in early March".
Endeavour Mining was up as it said that wet commissioning activities are now underway at the Sabodala-Massawa Expansion project in Senegal, with first gold expected in early May.
On the downside, Imperial Brands lost ground following reports the government may announce a new vaping tax at next week's Budget.
Speciality chemicals company Croda International slumped as it warned of lower operating margins after posting a drop in 2023 profits due to customers destocking and a weak macroeconomic environment.
Unilever was in the red as Morgan Stanley downgraded the shares to 'underweight' from 'equalweight' and cut the price target to 3,775p from 4,100p.
The bank said that while it's not significantly below consensus on earnings, it thinks Unilever's re-rating - to a small premium to Staples - is overdone, particularly given weaker cash conversion and higher emerging markets exposure, relative to peers.
Morgan Stanley noted that following a stronger performance in recent weeks, Unilever now trades at 17.6x 2024e price-to-earnings versus European Staples overall, on 17.4x.
FTSE 100 - Risers
Anglo American (AAL) 1,773.60p 2.72% Antofagasta (ANTO) 1,813.50p 2.26% Vodafone Group (VOD) 67.24p 1.76% Rio Tinto (RIO) 5,150.00p 1.64% SSE (SSE) 1,585.50p 1.37% Endeavour Mining (EDV) 1,279.00p 1.27% HSBC Holdings (HSBA) 602.30p 1.11% Diageo (DGE) 3,024.50p 1.07% Burberry Group (BRBY) 1,300.50p 1.05% NATWEST GROUP (NWG) 233.60p 1.04%
FTSE 100 - Fallers
Imperial Brands (IMB) 1,734.50p -4.62% Croda International (CRDA) 4,740.00p -3.32% Unilever (ULVR) 3,911.00p -2.13% Persimmon (PSN) 1,352.50p -1.96% RS Group (RS1) 769.80p -1.91% Barratt Developments (BDEV) 468.70p -1.80% Taylor Wimpey (TW.) 139.40p -1.76% Informa (INF) 811.60p -1.72% Relx plc (REL) 3,447.00p -1.63% Frasers Group (FRAS) 818.00p -1.62%
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 | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
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.
