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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: IAG flies higher on easyJet deal

(Sharecast News) - London's FTSE 100 was down 0.5% at 10,631.16 in quiet afternoon trade on Monday. There wasn't much going on, but software-related stocks were on the rise, with Relx, Experian and LSEG all higher.

BA, Iberia and Vueling owner IAG flew higher as easyJet surged after saying it was ready to accept a sweetened £5.5bn takeover offer from Castlelake after the private equity group tabled a fifth offer at 690p a share.

This followed four prior rejected approaches at 560p, 600p, 625p and 650p.

FTSE 100 - Risers

Relx plc (REL) 2,391.00p 2.23% Experian (EXPN) 2,704.00p 1.74% International Consolidated Airlines Group SA (CDI) (IAG) 485.30p 1.72% London Stock Exchange Group (LSEG) 8,834.00p 1.61% BAE Systems (BA.) 2,008.00p 1.52% St James's Place (STJ) 1,320.00p 1.46% IG Group Holdings (IGG) 1,884.00p 1.34% Burberry Group (BRBY) 1,099.50p 1.34% JD Sports Fashion (JD.) 83.84p 1.26% Barratt Redrow (BTRW) 284.20p 1.21%

FTSE 100 - Fallers

Halma (HLMA) 3,894.00p -2.84% Games Workshop Group (GAW) 20,680.00p -2.27% Diploma (DPLM) 7,050.00p -2.22% Spirax Group (SPX) 6,640.00p -1.99% IMI (IMI) 2,886.00p -1.90% Associated British Foods (ABF) 1,920.00p -1.89% Airtel Africa (AAF) 338.00p -1.81% Smiths Group (SMIN) 2,586.00p -1.78% Fresnillo (FRES) 2,865.00p -1.75% AstraZeneca (AZN) 14,168.00p -1.73%

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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.