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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: Frasers gains on buyback; GSK loses ground

Mon 12 Feb 2024 14:39

(Sharecast News) - London's FTSE 100 was up 0.1% at 7,577.51 in afternoon trade on Monday. Frasers Group rallied after saying it would start an £80m share buyback up to April 28.

In a short statement, the owner of Sports Direct and House of Fraser said the buyback of up to 10 million shares would be used to reduce its share capital.

Anglo American was also in the black after it said that it and Finnish Minerals Group have signed a memorandum of understanding to work together to explore opportunities to further support Finland's battery strategy.

Finnish Minerals Group is a holding and development company that manages the Finnish Government's mining industry shareholdings and supports the development of the Finnish battery value chain.

GSK lost ground even as it announced that bepirovirsen, an investigational antisense oligonucleotide (ASO) aimed at treating chronic hepatitis B (CHB), had been granted fast track designation by the US Food and Drug Administration (FDA).

FTSE 100 - Risers

Ocado Group (OCDO) 536.20p 4.48% Frasers Group (FRAS) 817.00p 4.28% Burberry Group (BRBY) 1,317.00p 3.62% Fresnillo (FRES) 493.90p 3.61% Land Securities Group (LAND) 642.00p 2.16% Endeavour Mining (EDV) 1,312.00p 2.02% Anglo American (AAL) 1,732.80p 1.77% Entain (ENT) 1,027.00p 1.63% Next (NXT) 8,344.00p 1.48% International Consolidated Airlines Group SA (CDI) (IAG) 145.80p 1.39%

FTSE 100 - Fallers

Rolls-Royce Holdings (RR.) 308.70p -2.96% NATWEST GROUP (NWG) 206.60p -1.95% AstraZeneca (AZN) 9,579.00p -1.86% Melrose Industries (MRO) 592.80p -1.69% Croda International (CRDA) 4,906.00p -1.29% Sage Group (SGE) 1,177.50p -1.13% Intertek Group (ITRK) 4,420.00p -1.05% GSK (GSK) 1,644.00p -0.96% Compass Group (CPG) 2,211.00p -0.72% Diageo (DGE) 2,879.00p -0.71%

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