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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 tanks again; miners on the rise

(Sharecast News) - London's FTSE 100 was down 1% at 7,385.59 in afternoon trade on Tuesday. Anglo-Russian precious metals miner Polymetal and Russian steelmaker Evraz tanked again as the crisis in Ukraine intensified.

Polymetal was also in focus after private equity firm Blackrock took a punt on the beleaguered gold miner, doubling its stake to just over 10% even as the stock took a battering from sanctions imposed against Moscow.

Asset manager Abrdn was in the red even as it said annual profit rose and posted higher full-year revenue for the first time since it was formed from a merger in 2017.

Going the other way, miners were on the front foot as metals prices advanced, with Rio Tinto, Anglo American and Antofagasta all higher.

Defence company BAE Systems was also in the black, for obvious reasons.

AstraZeneca was a high riser after it and Swiss biotechnology firm Neurimmune agreed to develop an antibody-based therapy for a rare, underdiagnosed condition that leads to heart failure in a $760m deal.

FTSE 100 - Risers

Rio Tinto (RIO) 5,927.00p 2.35% Pearson (PSON) 663.00p 2.31% Sage Group (SGE) 718.00p 2.16% BAE Systems (BA.) 734.00p 2.00% Severn Trent (SVT) 2,932.00p 1.95% AstraZeneca (AZN) 9,224.00p 1.82% Anglo American (AAL) 3,887.50p 1.69% Antofagasta (ANTO) 1,542.00p 1.38% United Utilities Group (UU.) 1,087.50p 1.21% B&M European Value Retail S.A. (DI) (BME) 610.20p 0.79%

FTSE 100 - Fallers

Polymetal International (POLY) 276.10p -21.38% Evraz (EVR) 122.65p -15.27% Flutter Entertainment (CDI) (FLTR) 9,316.00p -13.70% Coca-Cola HBC AG (CDI) (CCH) 1,779.50p -6.54% Entain (ENT) 1,575.00p -6.47% Abrdn (ABDN) 194.70p -5.81% Melrose Industries (MRO) 140.15p -5.46% Whitbread (WTB) 2,770.00p -5.27% InterContinental Hotels Group (IHG) 4,963.00p -5.21% Barratt Developments (BDEV) 581.20p -4.88%

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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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