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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, housebuilders under the cosh

(Sharecast News) - London's FTSE 100 was up 0.4% at 7,447.31 in afternoon trade on Thursday. Heavily-weighted miners Glencore, Anglo American and Antofagasta all rose.

On the downside, Barratt was under the cosh after an update in which it forecast a more than 20% drop in full-year home completions.

Danni Hewson head of financial analysis at AJ Bell, said: "Housebuilder Barratt Developments may be sticking with its guidance for now but there was little else but gloom in its latest update. Completions are down, people are buying fewer of its homes and the number of first-time buyers has dropped off alarmingly."

Taylor Wimpey, Berkeley and Persimmon lost ground. The sector was also hit by the latest survey from the Royal Institution of Chartered Surveyors (RICS), which showed that new house buyer inquiries fell to an eight-month low in June amid rising mortgage rates.

British American Tobacco was in the red as it traded without entitlement to the dividend.

FTSE 100 - Risers

Convatec Group (CTEC) 208.00p 3.28% Glencore (GLEN) 470.00p 2.54% Prudential (PRU) 1,084.00p 2.31% Anglo American (AAL) 2,378.50p 2.30% Entain (ENT) 1,277.00p 2.16% Coca-Cola HBC AG (CDI) (CCH) 2,438.00p 2.05% Burberry Group (BRBY) 2,130.00p 1.91% Smurfit Kappa Group (CDI) (SKG) 2,848.00p 1.86% Antofagasta (ANTO) 1,543.00p 1.81% Hargreaves Lansdown (HL.) 835.80p 1.63%

FTSE 100 - Fallers

Barratt Developments (BDEV) 407.90p -2.42% British American Tobacco (BATS) 2,533.00p -2.24% Taylor Wimpey (TW.) 102.80p -1.96% B&M European Value Retail S.A. (DI) (BME) 543.40p -1.56% Berkeley Group Holdings (The) (BKG) 3,983.00p -1.39% Bunzl (BNZL) 2,777.00p -1.38% St James's Place (STJ) 1,092.00p -1.00% Vodafone Group (VOD) 71.96p -0.95% Persimmon (PSN) 1,043.00p -0.76% Whitbread (WTB) 3,362.00p -0.62%

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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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