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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: Utilities in the black; Lloyds dented by downgrade

(Sharecast News) - London's FTSE 100 was up 0.4% in afternoon trade on Tuesday at 7,586.87. Utilities National Grid, SSE and United Utilities were the standout gainers on the index.

Going the other way, telecommunications firm Airtel Africa was in the red after saying it has been working with the government of Nigeria to ensure that all subscribers provided valid National Identification Numbers to update SIM registration records.

Housebuilders Barratt and Taylor Wimpey were also on the back foot, having rallied on Monday on a report the government was dropping its demand for them to contribute towards a £4bn cladding remediation fund.

Lloyds Banking Group was also weaker after a downgrade to 'equalweight' from 'overweight' at Barclays, which cut the price target to 58p from 64p.

FTSE 100 - Risers

National Grid (NG.) 1,209.00p 3.42% Hargreaves Lansdown (HL.) 1,052.00p 3.29% SSE (SSE) 1,790.50p 3.14% Dechra Pharmaceuticals (DPH) 4,262.00p 2.95% United Utilities Group (UU.) 1,158.00p 2.75% GlaxoSmithKline (GSK) 1,697.20p 2.69% Croda International (CRDA) 7,970.00p 2.63% British Land Company (BLND) 531.20p 2.19% London Stock Exchange Group (LSEG) 8,314.00p 2.14% Severn Trent (SVT) 3,163.00p 2.13%

FTSE 100 - Fallers

Airtel Africa (AAF) 138.00p -4.17% Barratt Developments (BDEV) 513.40p -3.79% Melrose Industries (MRO) 123.10p -3.22% Kingfisher (KGF) 252.60p -2.92% Smiths Group (SMIN) 1,394.00p -2.62% Howden Joinery Group (HWDN) 770.40p -2.58% Ashtead Group (AHT) 4,707.00p -2.57% CRH (CDI) (CRH) 2,994.00p -2.48% Lloyds Banking Group (LLOY) 45.81p -2.31% Taylor Wimpey (TW.) 131.80p -2.23%

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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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