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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: Melrose rallies; Barclays slumps again

(Sharecast News) - London's FTSE 100 was up 0.8% at 7,533.75 in afternoon trade on Tuesday. GKN owner Melrose Industries was the top gainer on the index, closely followed by online supermarket Ocado.

Croda International was also in the black after saying that it was targeting sales of £1bn by 2025 in its consumer care segment. It also said that trading in the first three months of 2022 has been robust, including a strong start for Consumer Care.

On the downside, Barclays shares slumped again after a share placing. According to terms seen by Bloomberg, 575m shares in the bank were placed via Goldman Sachs, at a range of between 147.50p and 150.75p a share.

A trader said it was "unconfirmed whether it was Qatar Investment Authority" who sold the shares.

Miners were also on the back foot, with Glencore, Anglo American, Antofagasta and Rio all lower.

FTSE 100 - Risers

Melrose Industries (MRO) 134.00p 7.63% Ocado Group (OCDO) 1,168.50p 7.25% International Consolidated Airlines Group SA (CDI) (IAG) 149.90p 7.13% Coca-Cola HBC AG (CDI) (CCH) 1,700.50p 6.98% Prudential (PRU) 1,141.00p 6.09% JD Sports Fashion (JD.) 160.75p 5.86% Croda International (CRDA) 7,944.00p 5.58% Scottish Mortgage Inv Trust (SMT) 1,064.50p 5.55% Smith (DS) (SMDS) 341.20p 5.41% Intermediate Capital Group (ICP) 1,793.50p 5.28%

FTSE 100 - Fallers

Glencore (GLEN) 475.95p -4.73% BAE Systems (BA.) 702.60p -3.96% Anglo American (AAL) 3,780.00p -2.98% Barclays (BARC) 155.90p -2.85% BP (BP.) 372.55p -2.19% Fresnillo (FRES) 710.00p -2.10% British American Tobacco (BATS) 3,231.50p -2.05% Antofagasta (ANTO) 1,675.50p -1.85% Rio Tinto (RIO) 5,788.00p -1.28% B&M European Value Retail S.A. (DI) (BME) 552.00p -1.25%

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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.

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