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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: Airtel Africa rises; Royal Mail under pressure

(Sharecast News) - London's FTSE 100 was down 2.4% to 7,262.03 in afternoon trade on Thursday. Airtel Africa rose after saying that its subsidiary SmartCash PSB had started operations in Nigeria.

Royal Mail was under the cosh as it warned of price increases and £350m in cost cuts to combat soaring inflation after reporting a rise in full-year profits. The company on said underlying operating profits rose 8% to £758m for the year to March 31. On a reported basis, pre-tax profits fell 8.8% to £662m.

Elsewhere, Bunzl and Unilever were in the red as they traded without entitlement to the dividend.

Tech-heavy investment trust Scottish Mortgage was on the back foot after the release of its full-year results.

FTSE 100 - Risers

Fresnillo (FRES) 763.80p 2.17% Dechra Pharmaceuticals (DPH) 3,332.00p 2.08% Hikma Pharmaceuticals (HIK) 1,694.50p 0.95% Endeavour Mining (EDV) 1,763.00p 0.23% Airtel Africa (AAF) 143.30p 0.21% Aveva Group (AVV) 2,072.00p -0.05% Aviva (AV.) 413.60p -0.10% Burberry Group (BRBY) 1,582.00p -0.13% Meggitt (MGGT) 774.20p -0.49% Severn Trent (SVT) 3,120.00p -0.54%

FTSE 100 - Fallers

Royal Mail (RMG) 295.10p -13.81% 3i Group (III) 1,191.00p -10.05% DCC (CDI) (DCC) 5,656.00p -6.51% Intermediate Capital Group (ICP) 1,356.00p -5.27% Bunzl (BNZL) 2,771.00p -5.07% Pershing Square Holdings Ltd NPV (PSH) 2,435.00p -5.07% Scottish Mortgage Inv Trust (SMT) 739.60p -4.98% Hargreaves Lansdown (HL.) 845.20p -4.95% Unilever (ULVR) 3,447.00p -4.94% Diageo (DGE) 3,578.00p -4.87%

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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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