Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 100 movers: M&G hit by rating downgrade; JMAT rallies
(Sharecast News) - London's FTSE 100 was down 0.2% at 7,767.04 in afternoon trade on Tuesday. M&G was knocked lower by a downgrade to 'hold' from 'buy' at Berenberg, while Berkeley was hit by a downgrade to 'underweight' at Morgan Stanley.
Bucking the trend, Diageo was sitting pretty at the top of the index after Investec upgraded shares of the drinks company to 'buy' from 'hold' on valuation grounds, following the share price decline.
It noted that Diageo is the largest spirits company in the world by sales and the third largest by market cap. It is also probably the most diversified spirits company across geographies and categories, Investec added.
In spite of this, it currently trades at a discount to all major spirits companies except Pernod.
Johnson Matthey gained after saying it had inked a long-term strategic partnership to supply Plug Power with the advanced materials necessary for its fuel cells and electrolysers from 2023.
Caterer Compass Group was a high riser after an upgrade to 'buy' at HSBC.
British American Tobacco rose after saying it was cutting the number of business units it operates and restructuring its regional set-up as part of a strategic review.
The number of regions will be reduced from four to three, and the number of business units from 16 to 12, the maker of Peter Stuyvesant cigarettes said.
FTSE 100 - Risers
Diageo (DGE) 3,504.00p 2.74% Johnson Matthey (JMAT) 2,219.00p 2.35% Compass Group (CPG) 1,936.50p 1.57% British American Tobacco (BATS) 3,102.50p 1.16% Unilever (ULVR) 4,114.00p 1.03% Flutter Entertainment (CDI) (FLTR) 12,600.00p 1.00% Haleon (HLN) 324.00p 1.00% Auto Trader Group (AUTO) 626.20p 0.80% Reckitt Benckiser Group (RKT) 5,768.00p 0.73% Phoenix Group Holdings (PHNX) 639.00p 0.60%
FTSE 100 - Fallers
Ocado Group (OCDO) 656.40p -3.81% M&G (MNG) 201.70p -2.56% Anglo American (AAL) 3,440.50p -2.27% Berkeley Group Holdings (The) (BKG) 4,088.00p -2.22% United Utilities Group (UU.) 1,054.00p -2.14% BT Group (BT.A) 125.55p -1.91% Rolls-Royce Holdings (RR.) 107.10p -1.85% Glencore (GLEN) 539.80p -1.71% Scottish Mortgage Inv Trust (SMT) 739.60p -1.70% Weir Group (WEIR) 1,794.00p -1.62%
Share this article
Related Sharecast Articles
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
