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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: Paper & packaging firms rally; housebuilders retreat

(Sharecast News) - London's FTSE 100 was up 0.6% at 6,962.96 in afternoon trade on Tuesday. Paper and packaging firms were among the standout gainers, with Smurfit Kappa and DS Smith both sharply higher.

Energy firms and housebuilders, which rallied on Monday after chancellor Jeremy Hunt's fiscal statement, were giving back some gains. British Gas owner Centrica, Taylor Wimpey, Barratt and Berkeley were all down.

Housebuilders were also likely weaker on read-across from peer Bellway, which earlier reported a jump in full-year profit amid record revenues and completions, but said demand was moderating.

Miner Rio Tinto was a smidgen lower after it trimmed its full-year production guidance as the weakening global economic outlook weighed on the third quarter.

FTSE 100 - Risers

Smurfit Kappa Group (CDI) (SKG) 2,865.00p 7.10% Rolls-Royce Holdings (RR.) 74.49p 4.08% Smith (DS) (SMDS) 285.40p 3.90% Pershing Square Holdings Ltd NPV (PSH) 2,710.00p 3.83% International Consolidated Airlines Group SA (CDI) (IAG) 119.00p 3.44% United Utilities Group (UU.) 921.80p 3.36% St James's Place (STJ) 1,022.00p 3.25% CRH (CDI) (CRH) 2,989.00p 3.14% Spirax-Sarco Engineering (SPX) 10,895.00p 3.12% Halma (HLMA) 2,089.00p 3.01%

FTSE 100 - Fallers

Centrica (CNA) 70.42p -2.60% Harbour Energy (HBR) 391.20p -2.47% Taylor Wimpey (TW.) 90.20p -1.18% Airtel Africa (AAF) 126.20p -1.17% Barratt Developments (BDEV) 355.80p -1.17% Imperial Brands (IMB) 1,992.00p -0.75% SEGRO (SGRO) 761.40p -0.73% HSBC Holdings (HSBA) 469.70p -0.33% Rio Tinto (RIO) 4,808.00p -0.25% Berkeley Group Holdings (The) (BKG) 3,453.00p -0.20%

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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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