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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: St James's Place rallies; NatWest in the red

(Sharecast News) - London's FTSE 100 was down 0.4% in afternoon trade on Thursday. St James's Place surged as FTSE 250 peer Hargreaves Lansdown said it had rejected a 985p per share takeover offer from a consortium comprising CVC, Nordic Capital and Platinum Ivy, which is a wholly-owned subsidiary of Abu Dhabi Investment Authority.

Rolls-Royce advanced after saying it had a strong start to the year despite continued industry-wide supply chain challenges.

Scottish Mortgage Investment Trust gained as it reported a positive return over the past year following two years of negative returns in both NAV and share price terms. The shares were also likely boosted by well-received results overnight from shareholding Nvidia.

Housebuilders Persimmon, Barratt and Taylor Wimpey all rose, having slumped a day earlier on the back of a higher-than-expected UK inflation print.

National Grid fell after results and as it announced a £7bn equity raise through a rights issue. Severn Trent, United Utilities and Centrica also fell

NatWest traded lower following reports that plans for a sale of shares in the bank to the general public have been put on hold after Prime Minister Rishi Sunak called a general election for 4 July.

Whitbread lost ground as it traded without entitlement to the dividend.

FTSE 100 - Risers

St James's Place (STJ) 485.60p 4.16% Rolls-Royce Holdings (RR.) 442.10p 2.94% Scottish Mortgage Inv Trust (SMT) 893.80p 2.71% Persimmon (PSN) 1,468.50p 2.44% Barclays (BARC) 215.80p 2.01% Barratt Developments (BDEV) 509.60p 2.00% BAE Systems (BA.) 1,398.00p 1.75% Melrose Industries (MRO) 622.40p 1.63% Taylor Wimpey (TW.) 147.40p 1.62% Schroders (SDR) 388.40p 1.52%

FTSE 100 - Fallers

National Grid (NG.) 1,012.00p -10.24% RS Group (RS1) 757.50p -6.58% Severn Trent (SVT) 2,533.00p -4.21% United Utilities Group (UU.) 1,039.00p -3.99% BT Group (BT.A) 125.25p -3.29% Smith & Nephew (SN.) 989.60p -2.54% Ocado Group (OCDO) 336.30p -1.92% Whitbread (WTB) 2,993.00p -1.90% Centrica (CNA) 144.95p -1.80% SSE (SSE) 1,785.50p -1.76%

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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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