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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: JD Sports shoots higher; Aviva hit by downgrade

(Sharecast News) - London's FTSE 100 was down 0.5% at 7,420.87 in afternoon trade on Wednesday. JD Sports shot to the top of the index after US peer Foot Locker beat earnings expectations and guided to better-than-estimated sales in the pivotal fourth quarter.

The American sportswear and footwear giant predicted just a 2-4% sales decline in fourth-quarter sales on the back of a strong Thanksgiving week period, with comparable sales expected to fall by 7-9%, better than the 10.5% drop expected by the market.

Precious metals miners Fresnillo and Endeavour both shone as gold prices gained.

Ocado advanced as chairman Rick Haythornthwaite bought 9,500 ordinary shares in the company for 561p per share, paying about £53,000.

Asia-focused HSBC and Standard Chartered were under the cosh, while Aviva was hit by by a downgrade to 'hold' from 'buy' at Deutsche Bank.

Prudential was also in the red after Deutsche cut its price target on the shares to 1,420p to 1,400p.

FTSE 100 - Risers

JD Sports Fashion (JD.) 159.60p 7.26% Fresnillo (FRES) 588.60p 5.30% Ocado Group (OCDO) 592.60p 4.51% Rolls-Royce Holdings (RR.) 266.10p 3.02% Endeavour Mining (EDV) 1,851.00p 2.95% Rightmove (RMV) 541.20p 2.58% M&G (MNG) 209.50p 2.29% Diploma (DPLM) 3,368.00p 1.51% AstraZeneca (AZN) 10,048.00p 1.49% Lloyds Banking Group (LLOY) 43.05p 1.41%

FTSE 100 - Fallers

Entain (ENT) 813.80p -2.47% Rentokil Initial (RTO) 432.20p -2.37% HSBC Holdings (HSBA) 593.00p -2.34% Aviva (AV.) 415.10p -2.24% Prudential (PRU) 866.00p -2.19% Standard Chartered (STAN) 648.80p -2.02% Beazley (BEZ) 547.00p -1.71% Compass Group (CPG) 2,038.00p -1.59% Whitbread (WTB) 3,128.00p -1.54% Centrica (CNA) 146.90p -1.51%

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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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