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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 surges on Zantac deal; Taylor Wimpey goes ex-div

(Sharecast News) - FTSE 100 (UKX) 8,245.01 0.02% Shares in GSK surged after the pharmaceuticals company announced a $2.2bn settlement to resolve approximately 80,000 Zantac lawsuits in the US.

The company revealed that it had reached agreements with 10 firms, representing 93% of the state court product liability cases related to the drug.

Additionally, GSK agreed to pay $70m to resolve a whistleblower complaint filed by Valisure, which alleged that the firm had concealed the cancer risks of Zantac.

Insurers Beazley and Hiscox both gained as Hurricane Milton lessened in intensity before striking the US state of Florida.

Taylor Wimpey, Kingfisher, Tesco, and WPP all fell after trading ex-dividend.

FTSE 100 - Risers

GSK (GSK) 1,536.00p 5.35% Beazley (BEZ) 775.50p 2.85% Hiscox Limited (DI) (HSX) 1,130.00p 1.99% Next (NXT) 10,005.00p 1.43% Coca-Cola HBC AG (CDI) (CCH) 2,766.00p 1.32% Fresnillo (FRES) 640.00p 1.27% Aviva (AV.) 481.50p 0.86% Haleon (HLN) 382.50p 0.84% NATWEST GROUP (NWG) 352.70p 0.83% United Utilities Group (UU.) 1,028.50p 0.78%

FTSE 100 - Fallers

Taylor Wimpey (TW.) 152.15p -4.82% Vistry Group (VTY) 902.50p -4.45% BAE Systems (BA.) 1,261.00p -3.22% Whitbread (WTB) 3,074.00p -3.18% Ashtead Group (AHT) 5,708.00p -2.43% WPP (WPP) 760.20p -2.24% Mondi (MNDI) 1,429.00p -2.12% Barratt Redrow (BTRW) 453.40p -2.07% Intertek Group (ITRK) 5,030.00p -2.04% Persimmon (PSN) 1,572.00p -1.69%

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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.