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
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
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: Centrica powers ahead; NatWest tumbles
(Sharecast News) - London's FTSE 100 was flat at 7,071.05 in afternoon trade on Friday. British Gas owner Centrica rallied after saying it had reopened the Rough gas storage facility off the east coast of Yorkshire and was operating at about 20% of capacity, having completed engineering upgrades over the summer.
Airtel Africa was also a high riser, having tumbled on Thursday after its half-year pre-tax profit missed analysts' expectations.
NatWest slid after it reported flat third-quarter profit of £1.1bn amid a deteriorating outlook, which fell short of expectations of £1.2bn.
Richard Hunter, head of markets at Interactive Investor, said: "NatWest has rounded off the banks' reporting season in mixed fashion, with some enforced financial writedowns blotting the overall copybook.
"The planned withdrawal from the Republic of Ireland through its Ulster Bank subsidiary has led to a charge on the mortgage book of some €420m. In addition, NatWest has succumbed to the necessity of making bad debt provisions in line with most of its peers. Whereas the group bucked the trend in the second quarter by releasing £18m of provisions, for this quarter a charge of £242m has been made.
"This leaves the cumulative figure for this year as a provision of £193m, which compares to a release of £904m in the corresponding period last year, and the £1bn swing has affected overall numbers."
Lloyds and Barclays also fell.
FTSE 100 - Risers
Centrica (CNA) 74.76p 7.38% Airtel Africa (AAF) 112.40p 4.27% GSK (GSK) 1,411.20p 1.74% AstraZeneca (AZN) 10,092.00p 1.42% Reckitt Benckiser Group (RKT) 5,662.00p 1.25% CRH (CDI) (CRH) 3,086.00p 1.16% Unilever (ULVR) 3,902.50p 0.97% SSE (SSE) 1,541.50p 0.88% Shell (SHEL) 2,443.50p 0.76% Vodafone Group (VOD) 99.33p 0.67%
FTSE 100 - Fallers
NATWEST GROUP (NWG) 228.90p -7.59% Ocado Group (OCDO) 476.10p -3.86% Intermediate Capital Group (ICP) 1,043.50p -3.82% International Consolidated Airlines Group SA (CDI) (IAG) 115.40p -3.56% Lloyds Banking Group (LLOY) 41.34p -3.37% JD Sports Fashion (JD.) 98.24p -3.26% M&G (MNG) 174.00p -3.25% Barclays (BARC) 145.46p -3.19% SEGRO (SGRO) 782.80p -3.14% Smurfit Kappa Group (CDI) (SKG) 2,846.00p -3.07%
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 and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
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.
