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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: Ithaca and Shell rally; miners fall

(Sharecast News) - London's FTSE 100 was down 0.5% at 10,712.58 in afternoon trade on Tuesday. Ithaca Energy and Shell were on the rise amid elevated oil prices.

Defensive utility stocks were among the best performers, with National Grid, Severn Trent and SSE all higher.

On the downside, Chilean copper miner Antofagasta was the worst performer on the index, while Rio Tinto also fell as copper prices eased. Antofagasta was also hit by a broker note from Citi, which cut its price target on the buy-rated stock to 4,100p from 4,400p.

Separately, Oddo BHF cut its price target on outperform-rated Rio Tinto to 6,500p from 6,700p.

Aberdeen was weaker ahead of a trading update on Wednesday.

FTSE 100 - Risers

Ithaca Energy (ITH) 298.70p 1.43% National Grid (NG.) 1,204.00p 1.35% Experian (EXPN) 2,853.00p 1.09% Severn Trent (SVT) 3,192.00p 0.89% Tesco (TSCO) 543.20p 0.82% SSE (SSE) 2,521.00p 0.72% AstraZeneca (AZN) 12,462.00p 0.68% Autotrader Group (AUTO) 545.00p 0.63% Shell (SHEL) 3,954.00p 0.62% Marks & Spencer Group (MKS) 422.00p 0.62%

FTSE 100 - Fallers

Antofagasta (ANTO) 3,209.00p -4.43% Halma (HLMA) 3,288.00p -3.40% Standard Chartered (STAN) 2,012.00p -3.13% Weir (WEIR) 2,554.00p -2.89% IG Group Holdings (IGG) 938.50p -2.69% Diploma (DPLM) 7,585.00p -2.69% Rio Tinto (RIO) 6,531.00p -2.68% Lloyds Banking Group (LLOY) 100.55p -2.43% Scottish Mortgage Inv Trust (SMT) 1,523.50p -2.40% Abrdn (ABDN) 229.40p -2.39%

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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.