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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: Glencore rallies; Rolls-Royce retreats

(Sharecast News) - London's FTSE 100 was up 0.1% at 7,445.79 in afternoon trade on Thursday. Online supermarket Ocado was the top performer on the index.

Commodity trading and mining company Glencore gained as it posted a massive $10.3bn rise in interim core profits on the back of record prices for coal and gas and said it would return $4.5bn to shareholders.

Engine maker Rolls-Royce fell as it reported a drop in first-half underlying operating profit on Thursday but backed its full-year guidance amid expectations of an improvement in the civil aerospace division.

Underlying operating profit fell to £125m from £307m in the same period a year ago. This was due to lower underlying gross profit and included £371m in research and development costs with an increase in spend in Defence, Power Systems and New Markets balanced by lower spend in Civil Aerospace.

Mondi was also down after even as the paper and packaging group reported a sharp rise in interim profits on the back of higher prices due to reduced timber supplies.

Hikma Pharmaceuticals was under the cosh after it cuts it revenue guidance for the Generics business to between $650m and $675m from between $710m and $750m.

BT Group and Lloyds were both down as they traded without entitlement to the dividend.

FTSE 100 - Risers

Ocado Group (OCDO) 972.00p 6.56% Entain (ENT) 1,303.50p 4.99% Smith & Nephew (SN.) 1,087.50p 3.57% Aveva Group (AVV) 2,413.00p 3.12% Fresnillo (FRES) 696.60p 2.96% Flutter Entertainment (CDI) (FLTR) 8,572.00p 2.56% Auto Trader Group (AUTO) 666.00p 2.56% RS Group (RS1) 1,052.00p 2.43% Glencore (GLEN) 456.80p 2.41% Harbour Energy (HBR) 357.50p 2.29%

FTSE 100 - Fallers

Rolls-Royce Holdings (RR.) 82.57p -9.05% Mondi (MNDI) 1,492.00p -7.33% Hikma Pharmaceuticals (HIK) 1,681.00p -4.60% BT Group (BT.A) 156.85p -2.88% Airtel Africa (AAF) 149.90p -2.79% Informa (INF) 590.20p -1.80% Lloyds Banking Group (LLOY) 45.01p -1.79% B&M European Value Retail S.A. (DI) (BME) 428.70p -1.79% Compass Group (CPG) 1,914.00p -1.44% British American Tobacco (BATS) 3,235.50p -1.36%

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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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