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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: DS Smith boosted by upgrade; St James's Place slumps

(Sharecast News) - London's FTSE 100 was down 0.9% at 7,582.95 in afternoon trade on Friday. Paper and packaging group DS Smith was in the black, apparently on the back of a rating upgrade at Bank of America Merrill Lynch. Peer Mondi also gained.

On the downside, St James's Place slumped as it emerged it is considering raising up to £1bn by the end of the decade to help support succession plans.

The wealth management firm told the Financial Times it wanted to use the funds to buy up the businesses of retiring partners. The blue chip's 914,000 clients are spread across SJP's network of 2,622 partner firms.

FTSE 100 - Risers

Anglo American (AAL) 1,849.20p 3.00% Smith (DS) (SMDS) 310.80p 2.81% Glencore (GLEN) 466.15p 2.73% Pershing Square Holdings Ltd NPV (PSH) 3,428.00p 1.60% Scottish Mortgage Inv Trust (SMT) 787.80p 1.52% Mondi (MNDI) 1,534.50p 1.45% Airtel Africa (AAF) 122.10p 1.33% Ocado Group (OCDO) 727.60p 1.25% Land Securities Group (LAND) 717.00p 1.24% Rio Tinto (RIO) 5,722.00p 1.22%

FTSE 100 - Fallers

St James's Place (STJ) 667.00p -6.19% Rolls-Royce Holdings (RR.) 289.40p -3.53% Auto Trader Group (AUTO) 704.80p -3.53% Smith & Nephew (SN.) 1,050.50p -2.91% Informa (INF) 766.40p -2.62% AstraZeneca (AZN) 10,204.00p -2.52% Melrose Industries (MRO) 550.00p -2.34% Rightmove (RMV) 561.80p -2.30% Barclays (BARC) 146.78p -2.15% British American Tobacco (BATS) 2,312.00p -2.08%

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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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