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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: Miners rally; SSE in the red

(Sharecast News) - London's FTSE 100 was up 0.8% at 7,649.00 in afternoon trade on Thursday. Anglo American, Glencore, Antofagasta and Rio Tinto all rose. Anglo American was also in focus after it said that first-half production had grown 42%.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, said miners were boosted by expectations of Chinese stimulus.

"Oil prices have steadied around $79 a barrel amid expectations of lower demand in China, as investors still waiting for more detail about what further economic stimulus from Chinese authorities will look like," she said. "The expectation that levers will be pulled to boost domestic demand across the world's second largest economy has helped push up commodity stocks."

M&G advanced after saying it remained on track to meet its financial targets, despite adopting new accountancy standards.

On the downside, SSE fell as it reiterated its full-year earnings guidance despite dry, still weather hitting renewables output.

FTSE 100 - Risers

Anglo American (AAL) 2,391.00p 3.82% Glencore (GLEN) 469.30p 3.50% Antofagasta (ANTO) 1,533.00p 3.13% Abrdn (ABDN) 237.10p 2.60% M&G (MNG) 204.50p 2.58% Burberry Group (BRBY) 2,249.00p 2.51% Haleon (HLN) 334.00p 1.98% Next (NXT) 7,186.00p 1.87% Rio Tinto (RIO) 5,186.00p 1.77% Barratt Developments (BDEV) 462.00p 1.76%

FTSE 100 - Fallers

Entain (ENT) 1,258.00p -1.95% Flutter Entertainment (CDI) (FLTR) 15,420.00p -1.75% Scottish Mortgage Inv Trust (SMT) 699.40p -1.74% Croda International (CRDA) 5,730.00p -1.51% Rightmove (RMV) 560.40p -1.37% Unilever (ULVR) 4,033.50p -1.26% Lloyds Banking Group (LLOY) 46.15p -1.18% SSE (SSE) 1,777.50p -1.14% Diageo (DGE) 3,408.00p -1.13% Legal & General Group (LGEN) 234.30p -1.06%

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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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