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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: Taylor Wimpey a rare bright spot; Melrose slumps

(Sharecast News) - London's FTSE 100 was down 1.9% at 7,905.20 in afternoon trade on Monday. Housebuilder Taylor Wimpey was one of the few gainers in a sea of red.

Aerospace manufacturer Melrose Industries was the worst performer on the index, closely followed by private equity investment firm Intermediate Capital.

Dan Coatsworth, investment analyst at AJ Bell, pointed out in a note on Friday that Melrose has a significant sales presence across the pond, with almost two-thirds (64%) of its sales in the US. In addition, Melrose has just opened a multi-million dollar factory in San Diego meaning it now has 29% of facilities housed there, he said.

Scottish Mortgage Investment Trust - which is heavily- exposed to the US tech sector - was the fourth worst performer on the index.

FTSE 100 - Risers

Taylor Wimpey (TW.) 105.85p 2.12% Entain (ENT) 507.40p 1.24% Fresnillo (FRES) 832.00p 1.16% Lloyds Banking Group (LLOY) 65.28p 0.43% NATWEST GROUP (NWG) 413.90p 0.12% RELX FINANCE BV 3.375% GTD NTS 20/03/33 (BW73) 99.72p 0.00% Barratt Redrow (BTRW) 405.10p -0.39% Berkeley Group Holdings (The) (BKG) 3,604.00p -0.44% Kingfisher (KGF) 251.90p -0.47% Rio Tinto (RIO) 4,209.50p -0.70%

FTSE 100 - Fallers

Melrose Industries (MRO) 394.20p -7.25% Intermediate Capital Group (ICG) 1,599.00p -6.49% AstraZeneca (AZN) 10,118.00p -6.38% Scottish Mortgage Inv Trust (SMT) 802.40p -6.20% Convatec Group (CTEC) 235.40p -5.99% Relx plc (REL) 3,588.00p -5.97% The Sage Group (SGE) 1,119.00p -5.89% London Stock Exchange Group (LSEG) 10,490.00p -5.88% Intertek Group (ITRK) 4,274.00p -5.86% Babcock International Group (BAB) 648.50p -5.40%

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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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