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.
(Sharecast News) - London's FTSE 100 was up 1.3% at 10,330.33 in afternoon trade on Monday.
BA and Iberia owner IAG flew to the top of the index as oil prices retreated, alleviating concerns about fuel costs.
3i Group was under the cosh again, having tumbled last week after the private equity and infrastructure investment firm pointed to slowing sales at its biggest holding, Dutch discount retailer Action.
Miners Anglo American, Antofagasta and Rio Tinto all lost ground after data showed China's economy faltered in April, with both retail sales and industrial production significantly undershooting forecasts.
Anglo American was also in focus after agreeing to sell its portfolio of steelmaking coal mines in Australia to UK mining company Dhilmar for up to $3.9bn.
Housebuilder Persimmon retreated amid concerns about the impact of higher interest rates.
FTSE 100 - Risers
International Consolidated Airlines Group SA (CDI) (IAG) 390.50p 4.08%
Relx plc (REL) 2,514.00p 3.59%
Pearson (PSON) 1,138.50p 3.41%
Experian (EXPN) 2,678.00p 3.02%
National Grid (NG.) 1,221.00p 2.90%
Babcock International Group (BAB) 973.00p 2.81%
Flutter Entertainment (DI) (FLTR) 7,176.00p 2.81%
Lion Finance Group (BGEO) 11,150.00p 2.77%
Bunzl (BNZL) 2,392.00p 2.66%
IG Group Holdings (IGG) 1,572.00p 2.61%
FTSE 100 - Fallers
3i Group (III) 2,098.00p -5.20%
Airtel Africa (AAF) 315.20p -3.50%
Metlen Energy & Metals (MTLN) 38.39p -1.57%
Anglo American (AAL) 3,800.00p -1.10%
Antofagasta (ANTO) 3,795.00p -1.07%
Smurfit Westrock (DI) (SWR) 2,841.00p -0.98%
Intertek Group (ITRK) 5,590.00p -0.45%
Diploma (DPLM) 6,705.00p -0.37%
Rio Tinto (RIO) 7,731.00p -0.35%
Persimmon (PSN) 1,045.50p -0.33%
