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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: Harbour Energy, JD Sports rally

(Sharecast News) - London's FTSE 100 was down 0.3% at 7,167.63 in afternoon trade on Friday. Harbour Energy was the top performer on the index after saying that its biggest shareholder, EIG, had distributed some of its stake in the company to investors. This has resulted in the stake going from 37% to 16%.

JD Sports rallied as it announced that former Morrisons chair Andy Higginson had been appointed chairman.

Russ Mould, investment director at AJ Bell, said: "JD Sports has made the first step towards rebuilding its senior leadership team following the departure of executive chairman Peter Cowgill.

"Consumer-facing business expert Andy Higginson has been appointed as the new chair of JD Sports, bringing experience from years of service at supermarkets Tesco and Morrisons as well as Unilever, Guinness and Laura Ashley.

"Given how JD's share price has slumped in recent months amid market worries about consumer spending and the surprise departure of Cowgill, Higginson will be under pressure from day one to try and improve the company's reputation from a boardroom perspective, and to find the right person to lead the business."

Equipment rental firm Ashtead was a high riser after an upgrade to 'overweight' at Morgan Stanley.

FTSE 100 - Risers

Harbour Energy (HBR) 328.70p 3.04% Coca-Cola HBC AG (CDI) (CCH) 1,843.00p 2.39% CRH (CDI) (CRH) 2,910.50p 2.02% Airtel Africa (AAF) 146.90p 1.73% Fresnillo (FRES) 685.00p 1.63% JD Sports Fashion (JD.) 123.95p 1.39% St James's Place (STJ) 1,131.50p 1.34% Ashtead Group (AHT) 3,772.00p 1.34% BP (BP.) 390.05p 1.25% Barclays (BARC) 152.88p 1.23%

FTSE 100 - Fallers

Scottish Mortgage Inv Trust (SMT) 775.60p -3.22% GSK (GSK) 1,740.80p -2.82% Hikma Pharmaceuticals (HIK) 1,675.50p -2.42% Standard Chartered (STAN) 582.60p -2.41% Prudential (PRU) 1,002.00p -2.29% Intermediate Capital Group (ICP) 1,335.00p -2.23% Entain (ENT) 1,072.50p -2.19% HSBC Holdings (HSBA) 524.50p -2.07% Taylor Wimpey (TW.) 112.55p -2.00% Experian (EXPN) 2,563.00p -1.91%

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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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