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 IPOs and placings
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 little changed ahead of US PCE inflation; Moonpig tanks
(Sharecast News) - London stocks were little changed in early trade on Friday as investors continued to mull Chancellor Rishi Sunak's support package, and eyed the release of key US inflation data. At 0825 BST, the FTSE 100 was up just 0.1% at 7,569.40.
Richard Hunter, head of markets at Interactive Investor, said: "The spectre of inflation remains a concern, with the announced measures from the government to provide support for struggling households coming to some extent at the expense of the oil majors. Wider concerns on whether this could jeopardise plans for further wholesale investment in the UK remains to be seen, even though the shorter-term impact should be positive for the economy overall.
"Even so, the FTSE 100 has continued its spell as one of the few global developed markets to be in positive territory for the year, underpinned by its exposure to basic resources and its array of stocks with defensive characteristics. The index remains ahead by 2.5% in the year to date, with the more domestically focused FTSE250 having taken the brunt of the declining outlook for the UK economy and having lost around 14% so far in 2022."
On the macro front, investors were watching out for US PCE inflation data for April due at 1330 BST.
"While inflation undoubtedly remains elevated, a drop to 6.2% from 6.6% is expected which could signal that inflation is at last turning a corner to more manageable levels," Hunter said.
In equity markets, miners were on the front foot as copper prices rose, with Glencore, Antofagasta, Anglo American and Rio Tinto all trading up.
Moonpig tumbled after various shareholders sold around £80m worth of shares in the online greeting cards and gift retailer in a placing. The shares were sold at 250p each, which is a discount of around 8.2% to the closing share price on Thursday.
Elsewhere, pharmaceuticals giant GlaxoSmithKline was a touch weaker even as it said China's National Medical Products Administration has approved a two-dose vaccine schedule for its Cervarix treatment in girls aged between 9 to 14 years for the prevention of cervical cancer.
Market Movers
FTSE 100 (UKX) 7,569.40 0.06% FTSE 250 (MCX) 20,277.46 0.14% techMARK (TASX) 4,437.05 0.29%
FTSE 100 - Risers
Glencore (GLEN) 532.20p 2.50% JD Sports Fashion (JD.) 120.85p 1.43% Antofagasta (ANTO) 1,473.50p 1.38% Rio Tinto (RIO) 5,700.00p 1.23% 3i Group (III) 1,275.50p 0.99% Anglo American (AAL) 3,793.00p 0.96% Rentokil Initial (RTO) 503.40p 0.94% Smurfit Kappa Group (CDI) (SKG) 3,224.00p 0.91% Experian (EXPN) 2,631.00p 0.88% Compass Group (CPG) 1,790.50p 0.87%
FTSE 100 - Fallers
Pershing Square Holdings Ltd NPV (PSH) 2,455.00p -2.00% Ocado Group (OCDO) 844.60p -1.61% Sainsbury (J) (SBRY) 228.70p -1.55% SSE (SSE) 1,758.00p -1.32% Harbour Energy (HBR) 422.80p -1.26% Severn Trent (SVT) 2,904.00p -1.26% Coca-Cola HBC AG (CDI) (CCH) 1,753.00p -1.24% ITV (ITV) 72.76p -0.98% National Grid (NG.) 1,175.50p -0.93% B&M European Value Retail S.A. (DI) (BME) 451.90p -0.92%
FTSE 250 - Risers
Oxford Instruments (OXIG) 2,365.00p 5.35% LXI Reit (LXI) 148.00p 2.64% Vietnam Enterprise Investments (DI) (VEIL) 690.00p 2.53% Euromoney Institutional Investor (ERM) 1,056.00p 2.52% RHI Magnesita N.V. (DI) (RHIM) 2,456.00p 2.33% IntegraFin Holding (IHP) 290.80p 2.32% Johnson Matthey (JMAT) 2,317.00p 2.25% Trustpilot Group (TRST) 103.50p 2.07% JPMorgan Japanese Inv Trust (JFJ) 469.50p 2.07% Impax Environmental Markets (IEM) 417.00p 1.96%
FTSE 250 - Fallers
Moonpig Group (MOON) 251.40p -7.64% Investec (INVP) 454.10p -6.87% Centrica (CNA) 77.16p -2.50% Petrofac Ltd. (PFC) 147.20p -2.13% Trainline (TRN) 317.40p -2.07% Hochschild Mining (HOC) 111.10p -1.51% Countryside Partnerships (CSP) 238.00p -1.41% Pennon Group (PNN) 1,018.00p -1.36% Murray Income Trust (MUT) 872.00p -1.13% Smithson Investment Trust (SSON) 1,236.00p -1.12%
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.