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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: GSK gains on Hengrui Pharma partnership; BT falls

(Sharecast News) - London's FTSE 100 was down 0.7% at 9,058.63 in afternoon trade on Monday. GSK gained as it entered into a partnership with Chinese pharmaceutical outfit Hengrui Pharma to jointly develop up to 12 medicines, in a deal that could be worth up to $12bn.

The pharmaceuticals group said in a statement that the agreement provides it with new growth opportunities beyond 2031.

BT Group was the biggest loser on the index, having surged last Thursday on the back of a trading statement in which it hailed a "solid" start to the year.

FTSE 100 - Risers

Smurfit Westrock (DI) (SWR) 3,648.00p 2.30% Flutter Entertainment (DI) (FLTR) 22,740.00p 1.70% Rightmove (RMV) 792.40p 1.54% CRH (CDI) (CRH) 7,446.00p 1.39% Intertek Group (ITRK) 4,966.00p 1.10% Barclays (BARC) 364.20p 1.03% BP (BP.) 401.50p 0.93% Reckitt Benckiser Group (RKT) 5,628.00p 0.79% Land Securities Group (LAND) 589.00p 0.77% GSK (GSK) 1,403.00p 0.75%

FTSE 100 - Fallers

BT Group (BT.A) 212.60p -4.54% Marks & Spencer Group (MKS) 346.80p -2.31% Vodafone Group (VOD) 83.24p -2.14% Glencore (GLEN) 311.75p -2.04% Babcock International Group (BAB) 1,022.00p -2.01% Diageo (DGE) 1,941.50p -1.75% Centrica (CNA) 160.10p -1.63% Rio Tinto (RIO) 4,604.00p -1.62% Taylor Wimpey (TW.) 108.95p -1.58% Kingfisher (KGF) 274.70p -1.51%

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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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