Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 100 movers: UBS comments lift M&S, Rightmove gains on REA offer
(Sharecast News) - Retail stocks were in focus on Monday as broker commentary moved share prices, while takeover speculation was pushing the price of property portal Rightmove higher.
M&S was among the day's highest risers after analysts at UBS reiterated a 'buy' rating for the stock, setting a target price of 435p - a level not seen since December 2015 and an 18% premium to Friday's closing price.
"We believe that the exceptional FY 2024 performance is just the start of a multi-year market outperformance story for M&S," UBS said, citing market-share gains in both the food and clothing markets.
Sector peers Kingfisher, AB Foods, JD Sport Fashion and Next were also performing well.
However, discounter B&M was was the worst performer, falling nearly 3% to its lowest levels of the year as UBS initiated coverage of the stock with a 'sell' rating. The bank said the company's competitive advantage through its direct-sourcing model was losing momentum.
Rightmove's share price gained, but well below its highs of the day, after the company received a third takeover offer from Rupert Murdoch's REA Group, valuing the company at £6.1bn. The company said it would respond to approach "in due course".
AstraZeneca was firmly lower after revealing that a key trial of its breast cancer treatment, Dato-DXd, failed to improve overall survival rates.
FTSE 100 - Risers
Kingfisher (KGF) 328.90p 1.89% Marks & Spencer Group (MKS) 375.50p 1.62% JD Sports Fashion (JD.) 154.25p 1.45% SSE (SSE) 1,957.50p 1.35% Flutter Entertainment (DI) (FLTR) 17,380.00p 1.34% HSBC Holdings (HSBA) 668.40p 1.20% BT Group (BT.A) 147.70p 1.13% Prudential (PRU) 633.80p 1.08% Experian (EXPN) 3,852.00p 1.05% Associated British Foods (ABF) 2,260.00p 1.03%
FTSE 100 - Fallers
B&M European Value Retail S.A. (DI) (BME) 409.40p -2.73% AstraZeneca (AZN) 11,566.00p -1.82% International Consolidated Airlines Group SA (CDI) (IAG) 203.80p -1.69% Barclays (BARC) 223.25p -1.54% Smith (DS) (SMDS) 461.80p -1.41% Ashtead Group (AHT) 5,556.00p -1.24% Rentokil Initial (RTO) 360.30p -1.23% Halma (HLMA) 2,576.00p -1.11% easyJet (EZJ) 514.40p -0.92% Hikma Pharmaceuticals (HIK) 1,887.00p -0.79%
Share this article
Related Sharecast Articles
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
