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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 rallies on share buyback; Persimmon goes ex-div

(Sharecast News) - London's FTSE 100 was down 3% at 7,059.14 in afternoon trade on Thursday at 7,059.14. Harbour Energy rallied after it launched a share buyback programme of up to $200m.

The oil and gas group said in a brief statement: "As set out at the company's Capital Markets Day in December 2021, the company continues to employ a disciplined and prudent approach to capital allocation, balancing its three priorities of safeguarding the balance sheet, ensuring a robust and diverse portfolio and shareholder returns."

The programme will start immediately, and will end no later than 31 December 2022.

Persimmon, Intermediate Capital and 3i Group all fell as they traded without entitlement to the dividend.

JD Sports Fashion was also in the red following disappointing updates from Halfords, Asos and Boohoo.

FTSE 100 - Risers

London Stock Exchange Group (LSEG) 7,250.00p 2.03% Harbour Energy (HBR) 371.30p 1.33% Reckitt Benckiser Group (RKT) 6,002.00p 0.97% Meggitt (MGGT) 772.40p 0.23% B&M European Value Retail S.A. (DI) (BME) 376.90p 0.19% SEGRO (SGRO) 962.20p 0.04% Coca-Cola HBC AG (CDI) (CCH) 1,767.50p 0.03% United Utilities Group (UU.) 1,044.50p -0.10% Severn Trent (SVT) 2,863.00p -0.21% BT Group (BT.A) 181.45p -0.25%

FTSE 100 - Fallers

Persimmon (PSN) 1,966.50p -10.50% Intermediate Capital Group (ICP) 1,359.00p -7.46% Scottish Mortgage Inv Trust (SMT) 681.80p -7.19% JD Sports Fashion (JD.) 104.05p -6.74% 3i Group (III) 1,055.50p -6.22% RS Group (RS1) 828.50p -6.08% Ocado Group (OCDO) 788.00p -5.88% BP (BP.) 402.20p -5.57% Shell (SHEL) 2,140.00p -5.39% ITV (ITV) 65.88p -5.34%

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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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