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: BP, Shell gush higher; housebuilders slump
(Sharecast News) - London's FTSE 100 was up 0.6% at 9,948.36 in afternoon trade on Tuesday. BP and Shell gushed higher as oil prices rose despite hopes of a resolution to the Iran conflict following US President Trump's comments on Monday.
Dan Coatsworth, head of markets at AJ Bell, said: "For now, the fighting continues and that's kept oil prices in alarm bell territory above $100 per barrel and natural gas elevated too. Though in both cases prices are below their recent highs."
3i Group gained after Citi reiterated its 'buy' rating on the stock and opened an 'upside catalyst watch' as it noted that slowing like-for-like growth at portfolio holding Action - a Dutch discount retailer - has driven 40% underperformance in the past six months.
The bank noted that 3i Group trades around 15% below its March 2026 NAV estimate, with Action's implied valuation on 20x Citi's 2027 net income estimate.
"The shares discount 3-4% LFL growth over the medium-term, requiring 1-2% LFL sales growth for mature stores," it said. "We expect slowing LFL growth to prove temporary, with rising inflation and consumer pressure instead reinforcing shifts towards discounted channels."
Persimmon and Barratt Redrow were both in the red following results from FTSE 250 peer Bellway.
The housebuilder posted a rise in first-half profit and completions and lifted its full-year volume output guidance, but trimmed its operating margin expectations for the year. It also noted that the ongoing conflict in the Middle East had led to the return of volatility in the mortgage market.
Defence firms Babcock and Rolls-Royce also lost ground.
FTSE 100 - Risers
BP (BP.) 554.90p 3.01% Smurfit Westrock (DI) (SWR) 2,939.00p 2.77% Convatec Group (CTEC) 223.20p 2.48% Shell (SHEL) 3,436.50p 2.43% 3i Group (III) 2,750.00p 2.15% BT Group (BT.A) 203.90p 2.15% Smith & Nephew (SN.) 1,208.50p 1.73% Games Workshop Group (GAW) 17,990.00p 1.64% National Grid (NG.) 1,229.50p 1.57% Associated British Foods (ABF) 1,813.50p 1.51%
FTSE 100 - Fallers
JD Sports Fashion (JD.) 67.32p -2.68% Babcock International Group (BAB) 1,245.00p -2.60% Flutter Entertainment (DI) (FLTR) 8,062.00p -2.34% Rolls-Royce Holdings (RR.) 1,159.50p -2.03% Persimmon (PSN) 1,119.50p -1.97% Haleon (HLN) 359.50p -1.78% Antofagasta (ANTO) 3,321.00p -1.60% Barratt Redrow (BTRW) 263.10p -1.39% Metlen Energy & Metals (MTLN) 34.45p -1.29% F&C Investment Trust (FCIT) 1,197.00p -1.24%
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
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 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.
