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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: Rolls-Royce rockets; Mondi in the red

(Sharecast News) - London's FTSE 100 was down 0.2% at 7,921.45in afternoon trade on Thursday. Aerospace and defence company Rolls-Royce surged as it posted a rise in operating profit as the post-pandemic recovery in international travel continued and said it expected underlying earnings of £0.8-1bn this fiscal year.

WPP was also sharply higher after the advertising giant hiked its dividend and said it expects top-line growth of 3-5% for 2023 - ahead of market expectations - as it reported a rise in full-year profit and revenue.

Retailer Next was trading higher following an upgrade to 'buy' from 'neutral' by Bank of America Merrill Lynch.

Mondi was under the cosh as the paper and packaging group more than doubled full-year profits on higher prices but warned that it continued to see softer demand and pricing, despite input costs declining.

Endeavour Mining, Antofagasta, Standard Chartered, Unilever and GSK were all in the red as they traded without entitlement to the dividend.

FTSE 100 - Risers

Rolls-Royce Holdings (RR.) 131.90p 22.56% Melrose Industries (MRO) 149.15p 4.67% WPP (WPP) 1,057.00p 3.98% Ocado Group (OCDO) 639.00p 3.36% International Consolidated Airlines Group SA (CDI) (IAG) 162.98p 2.79% Next (NXT) 6,900.00p 2.31% Lloyds Banking Group (LLOY) 52.15p 1.74% BP (BP.) 548.30p 1.65% JD Sports Fashion (JD.) 182.90p 1.61% Informa (INF) 678.80p 1.53%

FTSE 100 - Fallers

Mondi (MNDI) 1,411.00p -4.50% Endeavour Mining (EDV) 1,690.00p -3.15% Antofagasta (ANTO) 1,629.00p -2.69% Standard Chartered (STAN) 749.00p -1.94% GSK (GSK) 1,455.60p -1.77% Unilever (ULVR) 4,193.00p -1.72% BT Group (BT.A) 138.80p -1.46% Rio Tinto (RIO) 5,914.00p -1.15% Smurfit Kappa Group (CDI) (SKG) 3,089.00p -1.06% Johnson Matthey (JMAT) 2,158.00p -1.05%

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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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