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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: Beazley surges on results; Spirax slumps

(Sharecast News) - London's FTSE 100 was down 0.3% at 8,142.82 in afternoon trade on Thursday. Beazley surged to the top of the index as it delivered a record first-half profit of $728.9m.

Hikma rose as it reported a jump in first-half profit and revenue and upgraded profit and revenue guidance for the full year.

The pharmaceuticals firm said it now expects group revenue to grow by 6% to 8%, up from previous guidance of 4% to 6%, and for core operating profit to be between $700m and $730m, up from a forecast of $660m to $700m.

Entain rallied as the sports betting and gaming group lifted its full-year guidance after a stronger-than-expected second quarter. The Ladbrokes and Coral owner now expects 2024 EBTIDA of between £1.04bn and £1.09bn, having previously said that EBITDA would reduce by around £40m from last year's £1.01bn.

Building materials group CRH gained after lifting its full-year guidance as it posted a jump in second-quarter core profits. The company now expects full-year adjusted EBITDA of between $6.82bn and $7.02bn, up from a previous forecast of $6.55bn to $6.85bn.

Housebuilder Persimmon advanced as it reported a decline in first-half pre-tax profit but said it was on track to deliver full-year completions at the top end of guidance.

Spirax-Sarco tumbled as its first-half pre-tax profit came in 10% below consensus estimates amid challenging trading conditions.

BT Group, Fresnillo and Ashtead all fell as they traded without entitlement to the dividend.

FTSE 100 - Risers

Beazley (BEZ) 715.00p 12.24% Hikma Pharmaceuticals (HIK) 1,986.00p 7.93% Entain (ENT) 561.80p 7.34% CRH (CDI) (CRH) 6,360.00p 3.55% Persimmon (PSN) 1,560.50p 1.43% GSK (GSK) 1,550.00p 0.98% Burberry Group (BRBY) 695.40p 0.49% Darktrace (DARK) 597.80p 0.44% Flutter Entertainment (DI) (FLTR) 14,400.00p 0.38% Weir Group (WEIR) 1,911.00p 0.21%

FTSE 100 - Fallers

Spirax Group (SPX) 7,940.00p -6.97% BT Group (BT.A) 129.25p -4.89% Smurfit Westrock (DI) (SWR) 3,047.00p -3.97% SEGRO (SGRO) 874.40p -2.91% JD Sports Fashion (JD.) 122.40p -2.82% Schroders (SDR) 334.00p -2.62% United Utilities Group (UU.) 985.60p -2.61% Fresnillo (FRES) 531.50p -2.48% Ashtead Group (AHT) 5,138.00p -2.36% Frasers Group (FRAS) 837.50p -2.33%

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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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