Skip Header
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: DS Smith surges; S&N in the red

(Sharecast News) - London's FTSE 100 was down 0.9% at 8,086.59 in afternoon trade on Thursday. DS Smith surged as International Paper - the US-based company with which it has agreed to merge - jumped 13% after better-than-expected third-quarter results.

Smurfit Westrock also rose.

Energy major Shell gained as it posted a dip in third-quarter profits, weighed down by lower oil prices, although the decline was less steep than feared.

Adjusted earnings before interest, tax, depreciation and amortisation fell 5% on the second quarter, to $16.01bn, while adjusted earnings - Shell's definition of net profit - declined 4% to $6.03bn.

That was notably better than the $5.36bn expected by analysts, however.

Smith & Nephew tanked as it slashed its full-year sales guidance after weaker-than-expected trading in China.

Housebuilders Persimmon, Barratt Redrow and Taylor Wimpey all fell.

Russ Mould, investment director at AJ Bell, said: "Yesterday's relief rally after the Budget didn't last long.

"Gilt yields jumped after the market cottoned on to a big increase in government borrowing over the next five fiscal years and that extra tax income from changes announced in the Budget won't appear overnight.

"That means interest rates could stay higher for longer which is not good for housebuilders and retailers hoping for reduced pressures on household finances, hence why those sectors were in the red today."

FTSE 100 - Risers

Smith (DS) (SMDS) 543.50p 13.85% Smurfit Westrock (DI) (SWR) 4,035.00p 6.77% Shell (SHEL) 2,548.00p 2.31% Coca-Cola HBC AG (CDI) (CCH) 2,726.00p 2.17% BP (BP.) 377.50p 0.92% British American Tobacco (BATS) 2,672.00p 0.91% Imperial Brands (IMB) 2,322.00p 0.78% Anglo American (AAL) 2,403.00p 0.73% Prudential (PRU) 644.40p 0.44% Mondi (MNDI) 1,253.50p 0.40%

FTSE 100 - Fallers

Smith & Nephew (SN.) 956.20p -12.91% Persimmon (PSN) 1,485.00p -6.34% Barratt Redrow (BTRW) 444.10p -5.59% Taylor Wimpey (TW.) 148.15p -5.52% Kingfisher (KGF) 291.80p -5.26% Next (NXT) 9,762.00p -4.15% B&M European Value Retail S.A. (DI) (BME) 386.00p -3.81% Berkeley Group Holdings (The) (BKG) 4,436.00p -3.69% Whitbread (WTB) 3,060.00p -3.62% Vistry Group (VTY) 920.50p -3.61%

Share this article

Related Sharecast Articles

FTSE 100 movers: Vistry tumbles on profit warning; IAG flies higher
(Sharecast News) - London's FTSE 100 was down 0.8% at 8,076.65 in afternoon trade on Friday.
FTSE 100 movers: Miners in the black; Auto Trader slumps
(Sharecast News) - London's FTSE 100 was flat at 8,163.07 in afternoon trade on Thursday.
FTSE 250 movers: Wood Group plummets after update, ITV disappoints
(Sharecast News) - London's FTSE 250 was trading 0.8% higher on Thursday afternoon as markets bounced back after US election-related weakness the previous session, though big drops from the likes of Wood Group and ITV were limiting upside.
FTSE 100 movers: CRH and Ashtead rally; Persimmon in the red
(Sharecast News) - London's FTSE 100 was flat at 8,168.57 in afternoon trade on Wednesday.

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.