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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: BP, Shell gush higher; gambling firms tank on Betsson results

(Sharecast News) - London's FTSE 100 was down 0.4% at 10,569.11 in afternoon trade on Thursday. BP and Shell gushed higher as oil prices rose amid uncertainty over the US-Iran ceasefire.

Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said: "The Strait of Hormuz, which handles around 20% of global crude and gas flows, remains largely obstructed, and Iranian media reports suggest that oil tanker traffic through the Strait has been suspended again following the attacks by Israel.

"Oil prices will likely remain elevated and choppy until a more permanent agreement is struck between all parties, and on that front, US Vice President JD Vance is set to lead a US delegation to Islamabad for direct talks with Iran this weekend."

Sales, marketing and support services group DCC was also in the black after an upgrade to 'outperform' from 'neutral' by BNP Paribas, which lifted the price target to 6,000p from 5,500p.

BNPP cited the current valuation and the positive impact of energy prices.

Ladbrokes owner Entain and Flutter Entertainment both tumbled as Swedish gambling firm Betsson tanked on the back of disappointing first-quarter results.

Standard Life, Reckitt Benckiser and Croda all fell as they traded without entitlement to the dividend.

FTSE 100 - Risers

BP (BP.) 580.80p 2.88% United Utilities Group (UU.) 1,390.50p 1.76% Diploma (DPLM) 6,605.00p 1.69% Severn Trent (SVT) 3,251.00p 1.69% DCC (CDI) (DCC) 5,060.00p 1.61% Shell (SHEL) 3,459.50p 1.47% SSE (SSE) 2,747.50p 1.42% Hiscox Limited (DI) (HSX) 1,597.00p 1.27% National Grid (NG.) 1,350.80p 1.26% IG Group Holdings (IGG) 1,461.00p 1.25%

FTSE 100 - Fallers

Entain (ENT) 549.20p -5.82% Flutter Entertainment (DI) (FLTR) 7,698.00p -4.78% Standard Life (SDLF) 701.20p -4.26% Barratt Redrow (BTRW) 257.80p -3.59% The Sage Group (SGE) 823.40p -3.37% Reckitt Benckiser Group (RKT) 5,178.00p -3.07% Croda International (CRDA) 2,912.00p -2.90% Informa (INF) 782.80p -2.73% Persimmon (PSN) 1,142.00p -2.72% Compass Group 11 (CPG) 28.42p -2.33%

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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.