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: Airtel Africa surges; HSBC heads lower
(Sharecast News) - London's FTSE 100 was up 0.5% at 7,330.31 in afternoon trade on Monday. Airtel Africa jumped to the top of the index as it reported a rise in half-year revenues and said it expects to deliver an improved EBITDA margin in FY24 versus a year earlier.
Education publisher Pearson was in the black as it lifted its profit guidance for the full year by £20m despite a slowdown in revenue growth in the third quarter.
Rightmove got a boost after Berenberg upgraded the shares to 'buy' from 'hold' as it said the selloff since the OnTheMarket/CoStar deal was announced was overdone.
The bank noted that Rightmove has traded down 17% since OnTheMarket announced on 18 October that it had agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.
""We think this is an overreaction, so we upgrade our rating to a buy as we retain our conviction that Rightmove will remain the number one property portal in the UK and will be largely unaffected by the new market dynamic," it said.
HSBC fell after it posted a smaller-than-expected jump in third-quarter profits and announced a $3bn share buyback. In the three months to the end of September, pre-tax profit rose to $7.7bn from $3.2bn in the same period a year earlier, falling short of consensus expectations of $8.1bn.
FTSE 100 - Risers
Airtel Africa (AAF) 117.60p 7.10% Pearson (PSON) 942.60p 2.55% St James's Place (STJ) 633.20p 2.39% BAE Systems (BA.) 1,109.50p 2.35% Coca-Cola HBC AG (CDI) (CCH) 2,149.00p 2.24% Smiths Group (SMIN) 1,605.00p 2.23% Auto Trader Group (AUTO) 614.80p 2.19% Prudential (PRU) 861.60p 2.18% Rightmove (RMV) 489.40p 2.13% International Consolidated Airlines Group SA (CDI) (IAG) 144.95p 2.04%
FTSE 100 - Fallers
Ocado Group (OCDO) 470.30p -2.59% HSBC Holdings (HSBA) 586.90p -2.35% NATWEST GROUP (NWG) 180.80p -0.66% 3i Group (III) 1,958.50p -0.51% Marks & Spencer Group (MKS) 213.50p -0.47% Spirax-Sarco Engineering (SPX) 8,120.00p -0.25% Croda International (CRDA) 4,271.00p -0.16% BP (BP.) 529.90p -0.11% Scottish Mortgage Inv Trust (SMT) 642.60p -0.03% RS Group (RS1) 677.60p 0.03%
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 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.
