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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: EasyJet flies higher; miners slump

(Sharecast News) - London's FTSE 100 was flat at 9,441.90 in afternoon trade on Tuesday. EasyJet flew to the top of the index even as logistics firm Mediterranean Shipping Company (MSC) denied it was interested in making an investment in the budget airline.

EasyJet shares surged in early trade on Tuesday following a report in Italy's Corriere della Sera that MSC was working with an investment fund on a possible investment in the airline.

The shares initially pared gains after MSC told Reuters it was not considering any such move, but they quickly shot higher again.

"MSC denies any involvement in this matter," a spokesperson told Reuters.

Housebuilders Persimmon, Berkeley and Barratt Redrow all rallied after FTSE 250 peer Bellway announced the launch of a £150m share buyback and reported a jump in full-year profit and revenue as completions grew despite "ongoing challenges" for the industry.

Miners Anglo American, Antofagasta and Glencore all fell as copper prices retreated.

BP was also in the red as it guided to higher third-quarter production but flagged a weaker oil trading result and lower gas prices.

FTSE 100 - Risers

easyJet (EZJ) 485.90p 4.72% Persimmon (PSN) 1,194.00p 2.14% Berkeley Group Holdings (The) (BKG) 4,018.00p 1.98% Centrica (CNA) 172.55p 1.59% Entain (ENT) 836.80p 1.43% Severn Trent (SVT) 2,692.00p 1.20% United Utilities Group (UU.) 1,189.00p 1.19% Barclays (BARC) 379.00p 1.15% Phoenix Group Holdings (PHNX) 676.00p 1.12% Barratt Redrow (BTRW) 386.50p 1.10%

FTSE 100 - Fallers

Metlen Energy & Metals (MTLN) 44.45p -5.02% Anglo American (AAL) 2,887.00p -3.73% Antofagasta (ANTO) 2,745.00p -2.90% Rolls-Royce Holdings (RR.) 1,099.00p -2.61% Rentokil Initial (RTO) 397.00p -2.41% Spirax Group (SPX) 6,775.00p -2.24% BP (BP.) 412.80p -2.18% Glencore (GLEN) 349.50p -2.17% International Consolidated Airlines Group SA (CDI) (IAG) 399.60p -2.11% Imperial Brands (IMB) 3,058.00p -1.89%

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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.

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