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
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: Utilities in favour; Miners lose their shine
(Sharecast News) - FTSE 100 (UKX) 7,842.30 -1.55% UK equities were a sea of red on Tuesday with just six stocks on the FTSE 100 in positive territory, as a barrage of mixed economic data and rising concerns about conflict in the Middle East hammering market sentiment.
Financials, industrials and mining stocks dominated the fallers lists, while shares in the utilities and healthcare sectors held up well, as investors shook off 'riskier' investments in search of safe havens.
Meanwhile, markets were reacting yet more strong economic data from the US on Monday, with retail sales rising more than expected in March, prompting some to push back their projections for interest-rate cuts even further in light of a resilient economy. Wall Street stocks fell on Monday with 10-year US Treasury yields rising back to levels not seen since November 2023 at around the 4.65% mark.
"Sentiment is shaky at best right now with heightened geopolitical tensions in the Middle East coming alongside increased concerns that the Federal Reserve may opt to maintain interest rates at the current levels for some time yet," said Joshua Mahony, chief market analyst at Scope Markets.
Reduced risk appetite was benefitting the utilities and healthcare sectors, with Centrica, Severn Trent, SSE and United Utilities among the handful of stocks on the rise, along with Smith & Nephew and Croda International.
Heading the other way were financial and mining stocks, such as Pershing Square Holdings, Phoenix Group, Prudential, Anglo American, Glencore and Rio Tinto.
DS Smith slipped 2% after announcing that US rival International Paper has agreed to buy the company in a £7.8bn all-share deal. The deal dwarfs an earlier offer from UK peer Mondi, which had agreed an all-share takeover worth around £6.2bn in March, shortly before International Paper launched its own approach.
Market Movers
FTSE 100 - Risers
Croda International (CRDA) 4,887.00p 2.47% Centrica (CNA) 132.30p 1.38% Severn Trent (SVT) 2,402.00p 0.92% United Utilities Group (UU.) 1,011.00p 0.45% SSE (SSE) 1,650.00p 0.00% RELX FINANCE BV 3.375% GTD NTS 20/03/33 (BW73) 99.72p 0.00% Smith & Nephew (SN.) 957.60p -0.10% Flutter Entertainment (DI) (FLTR) 14,950.00p -0.23% Airtel Africa (AAF) 104.60p -0.29% Diageo (DGE) 2,759.50p -0.38%
FTSE 100 - Fallers
Pershing Square Holdings Ltd NPV (PSH) 3,836.00p -4.20% Ocado Group (OCDO) 349.90p -3.85% Phoenix Group Holdings (PHNX) 489.40p -3.76% Scottish Mortgage Inv Trust (SMT) 833.80p -3.74% Anglo American (AAL) 2,089.00p -3.69% IMI (IMI) 1,734.00p -3.67% Auto Trader Group (AUTO) 670.80p -3.23% Glencore (GLEN) 466.55p -3.14% Rio Tinto (RIO) 5,241.00p -3.12% Antofagasta (ANTO) 2,206.00p -3.03%
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 policy
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.
