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
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
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
FTSE 100 movers: Banks gain; Burberry in the red
(Sharecast News) - London's FTSE 100 was down 1% at 8,242.74 in afternoon trade on Friday. Banks were among the top performers, with NatWest and HSBC both higher.
Burberry was under the cosh ahead of its demotion from the top-flight index and as Jefferies downgraded the shares to 'underperform' from 'hold' and slashed the price target to 490p from 800p as it took a look at European luxury brands.
"A change in management (presumably to be followed by a tilt in strategic direction) and a challenged demand backdrop make for an especially uncertain future at Burberry," it said.
"Our 'underperform' recognises that the stock is likely to continue to suffer from an uncertainty overhang.
"And even once the current exceptional GM pressures are recovered, the valuation case for ownership remains weaker than at most peers."
FTSE 100 - Risers
Smurfit Westrock (DI) (SWR) 3,634.00p 1.20% National Grid (NG.) 1,034.50p 1.12% NATWEST GROUP (NWG) 338.70p 1.10% HSBC Holdings (HSBA) 663.80p 0.84% Scottish Mortgage Inv Trust (SMT) 815.00p 0.67% United Utilities Group (UU.) 1,062.50p 0.66% Glencore (GLEN) 381.95p 0.55% Entain (ENT) 739.80p 0.49% Fresnillo (FRES) 591.00p 0.42% International Consolidated Airlines Group SA (CDI) (IAG) 208.90p 0.38%
FTSE 100 - Fallers
Burberry Group (BRBY) 597.80p -4.57% Croda International (CRDA) 3,925.00p -3.44% Hikma Pharmaceuticals (HIK) 1,901.00p -3.21% Kingfisher (KGF) 321.20p -3.19% SSE (SSE) 1,934.50p -3.11% Next (NXT) 10,070.00p -3.08% Frasers Group (FRAS) 855.50p -3.00% Ashtead Group (AHT) 5,614.00p -2.87% Mondi (MNDI) 1,405.50p -2.83% Antofagasta (ANTO) 1,806.00p -2.80%
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.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
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 or Product Summary 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.
