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
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
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: Compass and Centrica lead the risers
(Sharecast News) - The FTSE 100 was holding steady on Tuesday as strong gains from Compass, Centrica and utility stocks were offset by falls in the airline and housebuilding sectors.
Food services business Compass Group jumped 5% after upgrading full-year profit guidance due to strong organic growth and a better-than-expected M&A performance. Compass Group also announced it has agreed to acquire Vermaat Groep, a leading premium food services business in Europe, for approximately €1.5bn.
British Gas-owner Centrica was also outperforming after taking a 15% stake in nuclear power station Sizewell C, one of a number of new private investors to inject funds into the £38bn project.
Other utility stocks were also putting in a decent performance, with United Utilities and Severn Trent both on the rise.
Drugmaker AstraZeneca was also higher as investors digested plans to invest $50bn in the US for medicines manufacturing and R&D by 2030. AstraZeneca said its investment will support its ambition to reach $80bn in revenues by 2030, with 50% generated in the US.
British Airways owner IAG was leading the fallers as the stock pulled back from a record high reached over the past few days, with easyJet falling in sympathy.
Barratt Redrow and Taylor Wimpey were both in the red as rising bond yields hit the housebuilding sector. "Housebuilders were knocked by the public sector finance figures as the rise in gilt yields suggests the market believes interest rates could stay higher for longer. Housebuilders are desperately waiting for rates to come down as that could make mortgages more affordable and help more people get on the property ladder," said Russ Mould, investment director at AJ Bell.
FTSE 100 - Risers
Compass Group (CPG) 2,636.00p 4.44% Centrica (CNA) 163.20p 4.18% Glencore (GLEN) 323.90p 3.57% Entain (ENT) 989.60p 3.19% Rentokil Initial (RTO) 365.30p 2.73% SSE (SSE) 1,977.50p 2.51% United Utilities Group (UU.) 1,165.00p 2.24% Rio Tinto (RIO) 4,700.00p 1.95% Antofagasta (ANTO) 1,989.50p 1.69% Severn Trent (SVT) 2,764.00p 1.54%
FTSE 100 - Fallers
International Consolidated Airlines Group SA (CDI) (IAG) 370.40p -2.47% Melrose Industries (MRO) 523.20p -2.39% easyJet (EZJ) 496.00p -2.09% Babcock International Group (BAB) 1,047.00p -2.06% BAE Systems (BA.) 1,864.00p -1.92% Legal & General Group (LGEN) 255.30p -1.88% Ashtead Group (AHT) 4,719.00p -1.87% Barratt Redrow (BTRW) 378.30p -1.84% Games Workshop Group (GAW) 15,940.00p -1.60% Smurfit Westrock (DI) (SWR) 3,338.00p -1.59%
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, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
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.
