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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: Aviva surges on bid spec; Rentokil retreats

(Sharecast News) - London's FTSE 100 was up 0.5% at 7,487.42 in afternoon trade on Friday. Aviva surged after markets blog Betaville suggested in one of its 'uncooked' alerts that the insurance group was at the centre of takeover talk.

Betaville said the identity of the company circling Aviva was unclear but noted that previous reports have pointed to German insurance group Allianz, French insurance giant Axa, Canada's Intact Financial Group and Scandinavian firm Tryg.

Legal & General and Prudential also rose.

Shell gained after the oil giant said its earnings from gas trading bounced back in the third quarter.

On the downside, Rentokil was under the cosh after an initiation at 'sell' by Societe Generale.

FTSE 100 - Risers

Aviva (AV.) 415.80p 7.08% Legal & General Group (LGEN) 216.20p 2.76% Frasers Group (FRAS) 822.50p 2.11% Imperial Brands (IMB) 1,674.50p 1.98% CRH (CDI) (CRH) 4,556.00p 1.79% Prudential (PRU) 869.60p 1.68% Shell (SHEL) 2,575.00p 1.68% Halma (HLMA) 1,969.00p 1.60% Next (NXT) 7,150.00p 1.53% Barratt Developments (BDEV) 425.00p 1.53%

FTSE 100 - Fallers

Rentokil Initial (RTO) 581.80p -3.55% Coca-Cola HBC AG (CDI) (CCH) 2,115.00p -3.11% National Grid (NG.) 925.20p -2.36% Rolls-Royce Holdings (RR.) 206.60p -1.85% Unilever (ULVR) 3,956.00p -1.85% Vodafone Group (VOD) 74.77p -1.75% Severn Trent (SVT) 2,271.00p -1.60% Reckitt Benckiser Group (RKT) 5,730.00p -1.55% Flutter Entertainment (CDI) (FLTR) 13,085.00p -1.47% United Utilities Group (UU.) 919.60p -1.46%

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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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