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
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
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 rallies; DS Smith hit by downgrade
(Sharecast News) - London's FTSE 100 was up 0.1% at 8,015.75 on Monday afternoon in quiet trade, with US markets closed for Presidents' Day.
Miners Anglo American, Rio, Glencore and Antofagasta all rose as metals prices advanced.
Retailer Frasers Group rallied after saying it was starting an £80m share buyback. Frasers, controlled by Mike Ashley and owner of Sports Direct, said the repurchase would be used to reduce the company's share capital, adding that it would run until April 30.
On the downside, packaging group DS Smith slumped after a downgrade to 'neutral' from 'buy' at Bank of America Merrill Lynch.
The bank said it expects the group to see much lower box volumes in the third quarter and for prices to fall in 2024. It also pointed to higher energy and labour costs.
BofA said it reckons volumes are past their peak and expects them to drop as a result of de-stocking.
It also said that that DS Smith's peers have reported "relatively strong de-stocking effects in container-board/boxes" this earnings season.
The bank said the shares appear "fairly priced" and have outperformed peers by 10%-15% in the last three months.
Peers Smurfit Kappa and Mondi also fell.
FTSE 100 - Risers
Anglo American (AAL) 3,320.50p 3.46% Frasers Group (FRAS) 792.50p 2.99% Rio Tinto (RIO) 6,284.00p 2.97% Taylor Wimpey (TW.) 122.90p 2.25% Hargreaves Lansdown (HL.) 871.80p 2.13% Glencore (GLEN) 518.40p 1.71% Persimmon (PSN) 1,460.50p 1.71% Melrose Industries (MRO) 146.00p 1.64% Antofagasta (ANTO) 1,759.00p 1.59% M&G (MNG) 203.60p 1.09%
FTSE 100 - Fallers
Smith (DS) (SMDS) 338.10p -4.33% International Consolidated Airlines Group SA (CDI) (IAG) 163.90p -2.00% Centrica (CNA) 103.05p -1.90% SEGRO (SGRO) 851.40p -1.71% Whitbread (WTB) 3,061.00p -1.58% Hiscox Limited (DI) (HSX) 1,122.50p -1.32% Unite Group (UTG) 983.00p -1.21% Smurfit Kappa Group (CDI) (SKG) 3,201.00p -1.11% Mondi (MNDI) 1,479.50p -1.00% Entain (ENT) 1,383.50p -1.00%
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.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
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 or Product Summary 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.
