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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: Banks rally; housebuilders slump

(Sharecast News) - London's FTSE 100 was up 1.3% at 7,110.32 in afternoon trade on Monday. Banks HSBC and Lloyds were on the front foot, possibly benefitting from expectations of higher interest rates.

BA and Iberia owner IAG was among the standout performers despite the latest raft of cancellations.

Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: "Capacity problems affecting airlines show little sign of easing any time soon, with fresh cancellations due to baggage handling faults now appearing on screens at Heathrow.

"As the update from easyJet shows, the headwinds now constraining summer operations will be another delay to long awaited recovery for the industry."

On the downside, housebuilders Barratt Developments, Berkeley, Persimmon and Taylor Wimpey lost ground after the latest survey from Rightmove indicated that house prices were likely to start falling in the next five months.

FTSE 100 - Risers

HSBC Holdings (HSBA) 540.00p 6.15% International Consolidated Airlines Group SA (CDI) (IAG) 117.28p 4.30% BT Group (BT.A) 187.90p 4.27% Standard Chartered (STAN) 607.80p 4.22% Centrica (CNA) 80.66p 4.16% Shell (SHEL) 2,128.00p 4.11% Melrose Industries (MRO) 151.35p 3.95% Lloyds Banking Group (LLOY) 43.88p 3.85% Glencore (GLEN) 478.90p 3.84% Ocado Group (OCDO) 861.20p 3.63%

FTSE 100 - Fallers

Barratt Developments (BDEV) 452.90p -4.03% Berkeley Group Holdings (The) (BKG) 3,743.00p -3.80% Persimmon (PSN) 1,866.00p -3.69% Intermediate Capital Group (ICP) 1,359.00p -3.58% Howden Joinery Group (HWDN) 589.40p -2.96% Ashtead Group (AHT) 3,409.00p -2.96% Taylor Wimpey (TW.) 117.85p -2.48% CRH (CDI) (CRH) 2,836.00p -2.39% Coca-Cola HBC AG (CDI) (CCH) 1,792.00p -2.08% RS Group (RS1) 815.50p -1.75%

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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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