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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: Next surges on outlook; M&G goes ex-div

(Sharecast News) - FTSE 100 (UKX) 8,653.56 -0.41% Retail giant Next boosted its sales outlook on Thursday following a strong start to the year, but warned that consumer confidence was set to deteriorate as the year progressed.

The fashion and home retailer said full-price sales in the first eight weeks of the year had been ahead of expectations.

As a result, it has hiked its first-half forecast to 6.5%, having previously guided for sales growth of 3.5%.

However, the retailer - which is known for its cautious outlook - did not upgrade its second-half guidance. Instead it was kept at 3.5%, with Next citing strong comparatives and potentially weakening conditions.

Marks & Spencer and Primark owner AB Foods also gained.

M&G, Taylor Wimpey, Schroders and Melrose fell as they traded without entitlement to a dividend.

Market Movers

FTSE 100 - Risers

Next (NXT) 10,945.00p 9.60% Marks & Spencer Group (MKS) 345.10p 2.49% Compass Group (CPG) 2,553.00p 2.28% Associated British Foods (ABF) 1,936.00p 1.47% Coca-Cola Europacific Partners (DI) (CCEP) 6,640.00p 1.22% Unilever (ULVR) 4,533.00p 0.96% Imperial Brands (IMB) 2,774.00p 0.87% Haleon (HLN) 384.40p 0.60% Beazley (BEZ) 903.50p 0.56% Sainsbury (J) (SBRY) 237.60p 0.42%

FTSE 100 - Fallers

M&G (MNG) 203.90p -6.34% Schroders (SDR) 354.80p -5.29% Antofagasta (ANTO) 1,795.00p -5.03% Taylor Wimpey (TW.) 107.50p -4.91% CRH (CDI) (CRH) 7,220.00p -3.40% Anglo American (AAL) 2,302.50p -3.24% Melrose Industries (MRO) 510.00p -3.23% SEGRO (SGRO) 682.00p -2.99% Smith & Nephew (SN.) 1,072.00p -2.55% Standard Chartered (STAN) 1,160.00p -2.27%

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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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