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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: Informa rallies on update; Persimmon goes ex-div

(Sharecast News) - London's FTSE 100 was down 1.2% at 10,385.75 in afternoon trade on Thursday. Informa was the standout performer on the index after the media blue chip reaffirmed full-year guidance.

Updating on trading ahead of the annual general meeting, Informa - a specialist in business-to-business exhibitions and academic publishing - said underlying revenues had grown 6.4% in the five months to 31 May. More than $4bn of revenues have already been traded, booked or visible for the full-year via subscriptions, recurring revenues and forward-booked contracts, it added.

The group reaffirmed earnings guidance for the current year - for a double-digit improvement in underlying in adjusted earnings per share - with further "strong" growth forecast for 2027.

Elsewhere, Intertek advanced as it agreed to be taken over by Swedish private equity firm EQT in a £9.5bn deal.

EQT will pay £61.077 per share for the inspection, product testing and certification group. This comprises £60 in cash and a final dividend of 107.7p per share. The price represents a 59% premium to the closing Intertek share price on 9 April, which was the last business day before EQT submitted its initial proposal.

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

FTSE 100 - Risers

Informa (INF) 855.40p 2.29% Spirax Group (SPX) 7,095.00p 2.01% IMI (IMI) 3,024.00p 1.82% Melrose Industries (MRO) 480.90p 1.69% Smurfit Westrock (DI) (SWR) 3,362.00p 1.69% Intertek Group (ITRK) 5,800.00p 1.49% Lion Finance Group (BGEO) 11,510.00p 1.41% International Consolidated Airlines Group SA (CDI) (IAG) 459.30p 1.39% Next (NXT) 14,335.00p 1.24% Standard Life (SDLF) 802.50p 0.88%

FTSE 100 - Fallers

Fresnillo (FRES) 3,121.00p -5.95% London Stock Exchange Group (LSEG) 8,446.00p -5.76% Persimmon (PSN) 1,055.50p -5.07% Flutter Entertainment (DI) (FLTR) 7,584.00p -5.06% ICG (ICG) 1,729.00p -4.69% Entain (ENT) 544.20p -4.05% Relx plc (REL) 2,348.00p -4.05% Land Securities Group (LAND) 628.50p -3.97% The Sage Group (SGE) 799.60p -3.78% 3i Group (III) 2,210.00p -3.69%a

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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.