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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: Dechra in the dog house; 3i rallies

(Sharecast News) - London's FTSE 100 was down 0.8% at 7,207.25 in afternoon trade on Thursday. Dechra Pharmaceuticals slid after the animal drug maker raised around £180m in a discounted share placing for the acquisition of US-based Piedmont Animal Health.

SSE was weaker even as it said its first-quarter performance slightly exceeded its expectations, with continued progress on key energy infrastructure projects.

On the upside, 3i Group gained after saying it had made a good start to the new financial year, with both portfolios trading "resiliently".

Howden Joinery rallied after it posted a jump in first-half profit and revenue as it said it was trading "well ahead" of pre-Covid levels and backed its outlook for the year. The kitchen supplier said first-half pre-tax profit rose 21.6% to £145m, with revenues up 16.3% on the year at £913.1m. Versus 2019 pre-Covid levels, pre-tax profit was up 85.7% and revenues were ahead 39.9%.

JD Sports was in the black following reports it is looking to sell the Footasylum chain to Aurelius Group.

FTSE 100 - Risers

3i Group (III) 1,245.00p 4.01% Howden Joinery Group (HWDN) 651.00p 3.50% Spirax-Sarco Engineering (SPX) 11,245.00p 3.21% Rightmove (RMV) 634.80p 3.15% JD Sports Fashion (JD.) 144.15p 3.11% Auto Trader Group (AUTO) 616.40p 2.66% Taylor Wimpey (TW.) 125.50p 2.66% RS Group (RS1) 1,003.00p 2.45% Intermediate Capital Group (ICP) 1,451.00p 2.44% WPP (WPP) 874.00p 2.37%

FTSE 100 - Fallers

Dechra Pharmaceuticals (DPH) 3,562.00p -4.50% Harbour Energy (HBR) 340.50p -2.77% AstraZeneca (AZN) 10,650.00p -2.45% Fresnillo (FRES) 644.80p -2.39% BAE Systems (BA.) 784.00p -2.39% Glencore (GLEN) 416.10p -2.34% National Grid (NG.) 1,076.00p -2.27% Avast (AVST) 516.20p -2.05% SSE (SSE) 1,728.50p -1.98% Reckitt Benckiser Group (RKT) 6,190.00p -1.78%

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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.