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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: Housebuilders slump; Fresnillo shines

(Sharecast News) - London's FTSE 100 was down 1.8% at 7,182.96 in afternoon trade on Monday as investors continued to mull last week's hotter-than-expected US inflation data, and an unexpected contraction in UK GDP. InterContinental Hotels and Premier Inn owner Whitbread were both on the back foot, while housebuilders also lost ground, with Barratt, Taylor Wimpey and Persimmon all weaker.

On the upside, precious metals miner Fresnillo was the standout gainer on the index.

Russ Mould, investment director at AJ Bell, said: "The mood out there is pretty grim, with the relief rally seen in late May starting to feel like a distant memory. You know things are bad when the best performer among the UK's top stocks is precious metal producer Fresnillo as investors reach for traditional safe havens."

FTSE 100 - Risers

Fresnillo (FRES) 824.80p 10.21% Vodafone Group (VOD) 126.98p 1.21% Kingfisher (KGF) 247.80p 1.18% BT Group (BT.A) 179.95p 1.01% United Utilities Group (UU.) 1,055.50p 0.91% Severn Trent (SVT) 2,908.00p 0.83% GSK (GSK) 1,750.40p 0.79% Bunzl (BNZL) 2,656.00p 0.76% HSBC Holdings (HSBA) 502.80p 0.74% Pearson (PSON) 744.20p 0.49%

FTSE 100 - Fallers

InterContinental Hotels Group (IHG) 4,383.00p -6.37% Scottish Mortgage Inv Trust (SMT) 706.20p -5.31% Glencore (GLEN) 481.95p -4.66% Compass Group (CPG) 1,666.00p -4.47% Entain (ENT) 1,349.00p -4.22% Barratt Developments (BDEV) 474.50p -4.04% Whitbread (WTB) 2,569.00p -4.03% Taylor Wimpey (TW.) 121.30p -3.65% Persimmon (PSN) 2,116.00p -3.47% Howden Joinery Group (HWDN) 626.80p -3.39%

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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.