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.
(Sharecast News) - Commodity-related stocks and financials paced gains on London's top-flight index at the end of the week, amid more positive headlines around US-China and US-EU trade talks.
Hence the sharp gains on offer in shares market heavyweight HSBC, which is Asia-focused.
Shell meanwhile jumped on the back of its better-than-expected first quarter results and news of a fresh $3.5bn share buyback authorisation.
IAG was another of the top performers, benefitting from improved risk appetite following the release of an in line reading - when revisions are taken into account - on US non-farm payroll growth during the month of April.
Going the other way, grocers, utilities and telecoms were at the bottom of the pile, alongside a conspicuous Lloyds, as 10-year Gilt yields moved back into the green after the latest US jobs numbers.
Market Movers
FTSE 100 (UKX) 8,602.15 1.24%
FTSE 100 - Risers
Melrose Industries (MRO) 457.10p 5.15%
International Consolidated Airlines Group SA (CDI) (IAG) 278.50p 4.82%
Rentokil Initial (RTO) 360.70p 3.98%
Babcock International Group (BAB) 839.50p 3.64%
Spirax Group (SPX) 6,130.00p 3.46%
Reckitt Benckiser Group (RKT) 4,978.00p 2.72%
Haleon (HLN) 399.00p 2.65%
Anglo American (AAL) 2,151.50p 2.60%
Halma (HLMA) 2,848.00p 2.52%
HSBC Holdings (HSBA) 845.20p 2.49%
FTSE 100 - Fallers
Smurfit Westrock (DI) (SWR) 3,067.00p -2.14%
Sainsbury (J) (SBRY) 264.00p -1.49%
Kingfisher (KGF) 287.90p -1.37%
Lloyds Banking Group (LLOY) 70.48p -1.21%
Whitbread (WTB) 2,711.00p -1.17%
Severn Trent (SVT) 2,753.00p -0.97%
GSK (GSK) 1,449.00p -0.96%
Vodafone Group (VOD) 73.10p -0.89%
United Utilities Group (UU.) 1,122.00p -0.88%
National Grid (NG.) 1,064.00p -0.70%