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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: Polymetal loses its shine; Spirax-Sarco rallies on results

(Sharecast News) - London's FTSE 100 was down 1.1% at 7,110.79 in afternoon trade on Thursday.

Housebuilder Persimmon and miner Rio Tinto were both weaker as they traded without entitlement to the dividend.

Anglo-Russian precious metals miner Polymetal was also in the red.

Going the other way, Spirax-Sarco was among the top gainers after the engineer predicted strong growth in 2022 as it reported a sharp rise in annual profit and increased its dividend. Adjusted operating profit rose 26% to £340.3m in the year to the end of December as revenue increased 13% to £1.34bn. Pre-tax profit was up 31% to £314.5m.

Evraz was also in the black. Shares in the Russian steelmaker were temporarily suspended from trading earlier in the day after Russian oligarch and Chelsea Football Club owner Roman Abramovich - who also has a majority stake in the company - was hit by UK sanctions.

The London Stock Exchange said in a notice that the Financial Conduct Authority had suspended the shares as of 1100 GMT "in order to protect investors pending clarification of the impact of the UK sanctions".

FTSE 100 - Risers

Antofagasta (ANTO) 1,585.50p 5.84% Glencore (GLEN) 489.50p 4.13% Spirax-Sarco Engineering (SPX) 11,745.00p 3.71% Fresnillo (FRES) 762.80p 1.76% Dechra Pharmaceuticals (DPH) 4,082.00p 1.49% Hikma Pharmaceuticals (HIK) 1,982.00p 1.23% Anglo American (AAL) 3,792.50p 1.04% British American Tobacco (BATS) 3,094.00p 1.03% Ocado Group (OCDO) 1,187.00p 1.02% BAE Systems (BA.) 728.80p 0.86%

FTSE 100 - Fallers

Evraz (EVR) 80.89p -12.59% Persimmon (PSN) 2,123.00p -9.08% Melrose Industries (MRO) 113.80p -8.26% Rio Tinto (RIO) 5,468.00p -6.00% CRH (CDI) (CRH) 3,037.00p -5.42% B&M European Value Retail S.A. (DI) (BME) 544.00p -4.93% Burberry Group (BRBY) 1,579.50p -4.36% Polymetal International (POLY) 149.15p -4.21% Diageo (DGE) 3,395.50p -4.14% Ashtead Group (AHT) 4,716.00p -3.79%

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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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