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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: Dowlais gains; miners in the red

(Sharecast News) - London's FTSE 100 was up 0.2% at 7,915.22 in afternoon trade on Friday. Dowlais was the standout gainer on the index. Russ Mould, investment director at AJ Bell, said: "The newly demerged Dowlais, essentially the automotive part of GKN demerged from Melrose, was the top riser on the index of leading UK shares with the shares chugging higher as investors react to the potential opportunities provided by the transition to electric vehicles in the industry it serves."

SSE was trading up after it announced the appointment of Barry O'Regan as chief financial officer and as an executive director with effect from 1 December.

O'Regan is currently FD of SSE Renewables as well as having responsibility for corporate finance across the whole of SSE. He trained as a chartered accountant with PWC in Dublin before joining Airtricity in 2005, and subsequently the SSE Group in 2008.

On the downside, miners retreated as copper prices fell, with Rio Tinto, Anglo American, Antofagasta, and Glencore all lower.

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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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