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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; Persimmon falls

(Sharecast News) - London's FTSE 100 was down 0.1% at 10,308.41 in afternoon trade on Tuesday. Persimmon was under the cosh after fellow housebuilder Taylor Wimpey warned over rising costs.

Whitbread was among the fallers, having rallied on Monday following a report the Premier Inn owner is planning to sell a swathe of hotels to unlock £1.5bn for shareholders.

According to The Times, the company is expected to announce plans later this week for the sale and leaseback of one in five of the freehold hotel properties it currently owns outright, following a strategic review of its business model.

Whitbread's annual results are due on Thursday.

On the upside, Coca-Cola Europacific Partners gained as it backed full-year guidance after a "good start" to the year.

BP rallied as it posted a better-than-expected first-quarter profit as the oil giant benefited from a surge in oil and gas prices due to the Iran war.

Underlying replacement cost profit - BP's preferred measure - came in at $3.2bn in the first three months of the year, up from $1.4bn in the same quarter a year earlier, and from $1.5bn in the final quarter of 2025. This was ahead of analysts' expectations of $2.6bn.

BP said the underlying result reflects "exceptional" oil trading contribution and stronger midstream performance.

Shell also gained, with both benefiting from rising oil prices.

FTSE 100 - Risers

Coca-Cola Europacific Partners (DI) (CCEP) 7,375.00p 3.51%

Shell (SHEL) 3,301.50p 1.51%

Coca-Cola HBC AG (CDI) (CCH) 4,199.00p 1.20%

British American Tobacco (BATS) 4,282.00p 1.16%

Imperial Brands (IMB) 2,767.00p 1.13%

BP (BP.) 577.70p 0.93%

Diploma (DPLM) 6,965.00p 0.87%

DCC (CDI) (DCC) 5,280.00p 0.86%

Diageo (DGE) 1,476.20p 0.79%

M&G (MNG) 300.30p 0.74%

FTSE 100 - Fallers

Antofagasta (ANTO) 3,517.00p -3.04%

Compass Group 11 (CPG) 28.34p -2.92%

Whitbread (WTB) 2,407.00p -2.63%

Experian (EXPN) 2,669.50p -2.44%

Fresnillo (FRES) 3,231.00p -2.30%

SEGRO (SGRO) 691.00p -2.04%

British Land Company (BLND) 381.80p -2.00%

London Stock Exchange Group (LSEG) 9,722.00p -1.95%

Persimmon (PSN) 1,065.00p -1.93%

BT Group (BT.A) 213.75p -1.93%

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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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