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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: Rightmove rallies; Taylor Wimpey in the red

(Sharecast News) - London's FTSE 100 was up 0.8% at 8,366.62 in afternoon trade on Thursday. Property portal Rightmove was a high riser on rate cut hopes and as the latest residential market survey from the Royal Institution of Chartered Surveyors showed the housing market ended 2024 on a strong note, with prices rising across the country.

Antofagasta was in the black as the Chilean miner reiterated its 2025 outlook, despite copper production narrowly missing forecasts.

On the downside, Taylor Wimpey retreated as the housebuilder backed its profit expectations for the full year but sounded a note of caution as it pointed to increased build costs in 2025.

Whitbread fell as the Premier Inn owner held full-year guidance and said UK accommodation sales in the Christmas/New Year period were up 2%.

Education publisher Pearson lost ground even as it reported 3% underlying group sales growth for 2024, flagging expected adjusted operating profit of £595m to £600m, up 10% year-on-year, with a margin of 16.8%.

Associated British Foods was under the cosh after Citi downgraded shares of the Primark owner to 'sell' from 'neutral' and cut the price target to 1,770p from 2,400p.

FTSE 100 - Risers

Experian (EXPN) 3,637.00p 3.38% Rightmove (RMV) 647.40p 3.25% Rolls-Royce Holdings (RR.) 581.60p 3.23% Hiscox Limited (DI) (HSX) 1,076.00p 2.67% 3i Group (III) 3,725.00p 2.50% Games Workshop Group (GAW) 13,110.00p 2.42% Beazley (BEZ) 817.00p 2.38% Spirax Group (SPX) 6,800.00p 2.33% Antofagasta (ANTO) 1,735.00p 2.24% Intertek Group (ITRK) 4,882.00p 2.13%

FTSE 100 - Fallers

Taylor Wimpey (TW.) 109.40p -4.33% JD Sports Fashion (JD.) 88.94p -4.24% Whitbread (WTB) 2,881.00p -3.06% easyJet (EZJ) 491.60p -2.88% Flutter Entertainment (DI) (FLTR) 20,980.00p -2.01% Pearson (PSON) 1,279.00p -1.24% Persimmon (PSN) 1,149.50p -1.16% Smurfit Westrock (DI) (SWR) 4,262.00p -0.95% Associated British Foods (ABF) 1,965.50p -0.91% International Consolidated Airlines Group SA (CDI) (IAG) 314.50p -0.79%

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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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