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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: Brokers boost Babcock, Antofagasta

(Sharecast News) - London's FTSE 100 was up 0.3% at 8,817.09 in afternoon trade on Wednesday. Babcock jumped as JPMorgan placed the shares on 'positive catalyst watch ahead of results on 25 June as it said the defence firm could raise guidance.

It said Babcock is "one of the big winners" in the UK Strategic Defence Review published on Monday.

Antofagasta was also boosted by the fact that JPMorgan placed its shares on 'positive catalyst watch' ahead of second-quarter results and reiterated its 'overweight' rating.

JPM said that since it double upgraded the shares to 'overweight in late February, the outlook for Antofagasta has improved despite ongoing macro and trade uncertainty.

"Copper prices have rebounded to near pre-Liberation Day levels while gold prices (a key byproduct) have risen 8% and cost inputs...have weakened over the same period."

Market Movers

FTSE 100 (UKX) 8,801.29 0.16% FTSE 250 (MCX) 21,119.01 0.48% techMARK (TASX) 4,902.98 0.48%

FTSE 100 - Risers

Babcock International Group (BAB) 1,066.00p 4.31% Games Workshop Group (GAW) 15,950.00p 3.44% Antofagasta (ANTO) 1,850.00p 3.15% Hiscox Limited (DI) (HSX) 1,310.00p 2.58% Anglo American (AAL) 2,233.50p 2.45% Diageo (DGE) 2,039.00p 2.44% St James's Place (STJ) 1,127.00p 2.27% 3i Group (III) 4,167.00p 2.21% Glencore (GLEN) 288.50p 2.05% Fresnillo (FRES) 1,262.00p 2.02%

FTSE 100 - Fallers

Marks & Spencer Group (MKS) 366.70p -2.11% BP (BP.) 358.55p -1.87% Haleon (HLN) 399.00p -1.51% Hikma Pharmaceuticals (HIK) 2,100.00p -1.41% Centrica (CNA) 161.70p -1.40% Land Securities Group (LAND) 623.50p -1.27% Shell (SHEL) 2,480.00p -1.20% Flutter Entertainment (DI) (FLTR) 18,070.00p -1.15% Sainsbury (J) (SBRY) 284.20p -1.04% Aviva (AV.) 610.00p -1.01%

FTSE 250 - Risers

Discoverie Group (DSCV) 732.00p 15.64% Ninety One (N91) 177.60p 9.49% Chemring Group (CHG) 554.00p 6.74% Indivior (INDV) 1,000.00p 4.88% Wizz Air Holdings (WIZZ) 1,674.00p 4.69% NextEnergy Solar Fund Limited Red (NESF) 69.50p 4.51% Trustpilot Group (TRST) 236.40p 4.47% Watches of Switzerland Group (WOSG) 434.00p 4.03% JTC (JTC) 839.00p 3.84% Burberry Group (BRBY) 1,092.50p 3.65%

FTSE 250 - Fallers

B&M European Value Retail S.A. (DI) (BME) 283.30p -14.67% THG (THG) 25.32p -9.25% Mobico Group (MCG) 30.38p -4.76% Ferrexpo (FXPO) 48.75p -4.41% Diversified Energy Company (DEC) 1,026.00p -2.84% Aston Martin Lagonda Global Holdings (AML) 80.95p -2.70% Abrdn (ABDN) 174.70p -2.67% Energean (ENOG) 903.50p -2.22% IG Group Holdings (IGG) 1,077.00p -2.09% Workspace Group (WKP) 405.50p -2.05%

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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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