Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
London open: Stocks dip as investors mull Fed minutes
(Sharecast News) - London stocks dipped in early trade on Thursday, taking their cue from a downbeat session on Wall Street, as investors digested the latest minutes from the US Federal Reserve. At 0840 BST, the FTSE 100 was down 0.2% at 7,502.91.
Victoria Scholar, head of investment at Interactive Investor, said: "Negative momentum from a down day on US and Asian markets has carried forward to the European session with markets opening in the red. The FTSE 100 is underperforming, trading below resistance at 7,500 while the DAX and the FTSE MIB are eking out modest gains.
"US markets closed lower after the Fed's meeting minutes for July showed that policymakers saw little evidence that inflationary pressures are softening stateside. The FOMC appears to be committed to its rate hiking path with the potential for a 50 or 75 basis point rate hike in September followed by a possible slowdown in the pace of rate increases in the following months."
In equity markets, Abrdn, Legal & General, HSBC and Scottish Mortgage Investment Trust all fell as they traded without entitlement to the dividend.
Gambling company Rank Group lost ground as it said in its final results that trading conditions were likely to remain challenging in the months ahead with high inflation hitting consumer discretionary spend and inflationary cost pressures continuing to impact operating margins.
Building and landscaping materials company Marshalls was a little weaker as it held full year-guidance and posted a jump in interim profits, but noted that the tough economic backdrop would hit consumer confidence.
Telecommunications infrastructure company Helios Towers rose after it backed its guidance for the year and reported a jump in first-half earnings, hailing strong organic tenancy growth.
AO World surged even as the online electricals retailer said it swung to a full-year loss due to higher costs.
Market Movers
FTSE 100 (UKX) 7,502.91 -0.17% FTSE 250 (MCX) 20,045.46 0.09% techMARK (TASX) 4,329.14 -0.11%
FTSE 100 - Risers
Ocado Group (OCDO) 933.40p 1.26% Harbour Energy (HBR) 388.90p 1.04% Persimmon (PSN) 1,721.50p 1.03% BP (BP.) 435.10p 0.97% Imperial Brands (IMB) 1,932.50p 0.97% Pershing Square Holdings Ltd NPV (PSH) 2,735.00p 0.92% DCC (CDI) (DCC) 5,232.00p 0.81% Tesco (TSCO) 271.00p 0.78% International Consolidated Airlines Group SA (CDI) (IAG) 118.00p 0.77% Barratt Developments (BDEV) 467.20p 0.75%
FTSE 100 - Fallers
Abrdn (ABDN) 158.25p -4.67% Anglo American (AAL) 2,849.00p -3.96% Aviva (AV.) 444.70p -3.07% Legal & General Group (LGEN) 273.90p -2.98% M&G (MNG) 208.00p -2.76% HSBC Holdings (HSBA) 535.50p -1.76% Hikma Pharmaceuticals (HIK) 1,468.50p -1.48% Rightmove (RMV) 633.20p -1.12% Scottish Mortgage Inv Trust (SMT) 885.80p -0.92% Croda International (CRDA) 7,184.00p -0.88%
FTSE 250 - Risers
XP Power Ltd. (DI) (XPP) 2,400.00p 4.35% Hilton Food Group (HFG) 1,070.00p 3.68% Petrofac Ltd. (PFC) 122.70p 3.28% Lancashire Holdings Limited (LRE) 494.20p 2.07% Johnson Matthey (JMAT) 2,210.00p 1.70% RIT Capital Partners (RCP) 2,480.00p 1.64% Helios Towers (HTWS) 137.00p 1.41% 888 Holdings (DI) (888) 151.80p 1.40% JPMorgan Japanese Inv Trust (JFJ) 507.00p 1.40% BlackRock World Mining Trust (BRWM) 618.00p 1.31%
FTSE 250 - Fallers
Pets at Home Group (PETS) 347.60p -4.82% Petershill Partners (PHLL) 222.00p -2.42% Hochschild Mining (HOC) 73.40p -2.07% JTC (JTC) 759.00p -2.06% Auction Technology Group (ATG) 908.00p -1.94% Marshalls (MSLH) 447.00p -1.80% Micro Focus International (MCRO) 282.80p -1.53% Safestore Holdings (SAFE) 1,135.00p -1.48% Ferrexpo (FXPO) 142.50p -1.45% HarbourVest Global Private Equity Limited A Shs (HVPE) 2,310.00p -1.28%
Share this article
Related Sharecast Articles
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.