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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: Property stocks fall; banks rally

(Sharecast News) - London's FTSE 100 was down 1.4% at 7,322.40 in afternoon trade on Friday. Banks Standard Chartered and NatWest were among the top performers.

Russ Mould, investment director at AJ Bell, said: "The idea that interest rates will keep going up has shifted investors' attention back to the banking sector, with NatWest among the top FTSE risers.

"It is one of the few industries whose earnings should benefit from the higher cost of borrowing."

On the downside, property stocks were under the cosh, with Segro, Land Securities and British Land all lower.

FTSE 100 - Risers

Standard Chartered (STAN) 612.00p 1.22% Smurfit Kappa Group (CDI) (SKG) 3,044.00p 0.26% Fresnillo (FRES) 854.20p 0.12% Aveva Group (AVV) 3,209.00p 0.00% Antofagasta (ANTO) 1,457.00p -0.07% NATWEST GROUP (NWG) 258.30p -0.08% British American Tobacco (BATS) 3,280.50p -0.14% Endeavour Mining (EDV) 1,698.00p -0.18% Compass Group (CPG) 1,899.00p -0.18% Glencore (GLEN) 531.40p -0.23%

FTSE 100 - Fallers

SEGRO (SGRO) 750.80p -5.56% Unite Group (UTG) 889.00p -5.07% Land Securities Group (LAND) 607.00p -5.07% DCC (CDI) (DCC) 4,065.00p -4.35% British Land Company (BLND) 383.80p -4.12% Ocado Group (OCDO) 633.00p -4.09% Intermediate Capital Group (ICP) 1,149.50p -3.97% Entain (ENT) 1,316.00p -3.80% Hargreaves Lansdown (HL.) 847.20p -3.75% 3i Group (III) 1,288.50p -3.59%

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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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