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
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
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: Frasers Group gains; Kingfisher in the red
(Sharecast News) - London's FTSE 100 was up 0.4% at 7,661.19 in afternoon trade on Friday. Mike Ashley's Frasers Group was among the top risers on the index. This week, the company has lifted its stakes in Asos and AO World.
Centrica was also on the rise after Citi reiterated its 'buy' recommendation on shares of the British Gas owner. It argued that the stock's tepid share price performance in recent days despite the tailwind from a solid trading statement is a reflection of positioning rather than concerns on fundamentals.
"We expect Centrica to outline its sustainable level of EBIT at 1H23, which we expect to be range £1.0-1.1bn, implying an earnings per share of circa 12- 13p," the bank said.
"This compares favourably to FY26 consensus EPS currently at 10p. We expect this medium-term guidance to provide earnings and cashflow visibility and, together with clarity on capital allocation strategy (including a further £0.75bn cash return) and investment return hurdle rates, we expect both to underpin current valuation and drive a continued re-rating of the shares."
B&Q and Castorama owner Kingfisher was on the back foot after a profit warning from builders' merchant Travis Perkins.
FTSE 100 - Risers
Ocado Group (OCDO) 449.40p 4.51% Entain (ENT) 1,239.00p 3.08% Frasers Group (FRAS) 702.50p 2.70% Centrica (CNA) 118.60p 2.60% British Land Company (BLND) 343.00p 2.48% CRH (CDI) (CRH) 4,173.00p 2.13% Persimmon (PSN) 1,204.50p 1.90% National Grid (NG.) 1,053.50p 1.84% SSE (SSE) 1,871.00p 1.80% Land Securities Group (LAND) 594.20p 1.78%
FTSE 100 - Fallers
Airtel Africa (AAF) 126.00p -2.63% Sainsbury (J) (SBRY) 266.40p -2.20% Antofagasta (ANTO) 1,537.00p -2.07% Anglo American (AAL) 2,533.00p -1.82% Kingfisher (KGF) 232.50p -1.48% Barratt Developments (BDEV) 442.30p -1.32% Rio Tinto (RIO) 5,286.00p -1.07% Tesco (TSCO) 261.70p -1.06% Ashtead Group (AHT) 5,428.00p -1.06% Weir Group (WEIR) 1,808.00p -0.82%
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 and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
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.
