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, Relx in the black
(Sharecast News) - London's FTSE 100 was down 0.2% at 7,984.77 in afternoon trade on Thursday. British Gas owner Centrica surged as it said annual profits more than tripled to a record £3.3bn, driven by soaring wholesale gas prices in the wake of Russia's invasion of Ukraine as Britons struggle with household energy bills.
Russ Mould, investment director at AJ Bell, said: "Recently caught up in a scandal where bailiffs were breaking into people's homes to fit pre-payment meters, today's results from Centrica will do nothing to dial down the heat on the company. Talk of more aggressive windfall taxes seems inevitable.
"Investors in the company might argue after years of disappointing returns they are due some bumper rewards. However, the fact a big driver of Centrica's soaring earnings and cash flow is the energy crisis resulting from the war in Ukraine will sit uncomfortably with many struggling to heat their homes.
"It is fair to acknowledge that most of the company's record profit came not from its retail-facing British Gas business but from its energy trading division as well as its oil and gas and nuclear assets, but casual observers are unlikely to make the distinction."
Relx was also a high riser after it posted a 15% jump in full-year adjusted operating profit and lifted its full-year dividend by 10%.
Standard Chartered gained after it announced a new $1bn share buyback as annual profits rose by almost a third on higher global interest rates, but still missed estimates after a sharp rise in bad debt provisions.
FTSE 100 - Risers
Centrica (CNA) 103.45p 4.96% Vodafone Group (VOD) 102.28p 3.08% BT Group (BT.A) 142.25p 2.86% Relx plc (REL) 2,513.00p 2.66% Standard Chartered (STAN) 747.80p 2.55% Rolls-Royce Holdings (RR.) 114.22p 1.98% Airtel Africa (AAF) 129.00p 1.82% Burberry Group (BRBY) 2,517.00p 1.70% Fresnillo (FRES) 800.00p 1.39% Diageo (DGE) 3,600.00p 1.38%
FTSE 100 - Fallers
Imperial Brands (IMB) 1,982.00p -3.46% Berkeley Group Holdings (The) (BKG) 4,132.00p -2.85% Endeavour Mining (EDV) 1,801.00p -2.07% DCC (CDI) (DCC) 4,560.00p -1.77% Persimmon (PSN) 1,426.00p -1.66% Frasers Group (FRAS) 767.00p -1.60% Ocado Group (OCDO) 625.60p -1.42% 3i Group (III) 1,650.50p -1.34% Barratt Developments (BDEV) 461.90p -1.32% Scottish Mortgage Inv Trust (SMT) 759.00p -1.27%
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.
