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 surges; IAG flies lower
(Sharecast News) - London's FTSE 100 was down 0.4% at 7,879.46 in afternoon trade on Friday. M&G shot to the top of the index. Traders pointed to read-across from FTSE 250-listed Jupiter Fund Management, which surged on the back of its full-year results.
Rolls-Royce was on the rise again, having rocketed on Thursday after results.
On the downside, British Airways and Iberia owner IAG flew lower despite saying it swung to a full-year profit as international travel recovered from the Covid pandemic.
The company also said it had agreed to buy out the 80% of Air Europa it does not own for €400m in a move to turn Madrid into a major airport hub.
Russ Mould, investment director at AJ Bell, said: "It is better to travel than arrive' could be a neat tagline for British Airways owner International Consolidated Airlines - talking up the pleasures of air travel - instead, this stock market truism was underlined as shares in the company descended despite unveiling its first annual profit since the pandemic.
"Up more than 60% from its late September lows before today the stock had already enjoyed an extraordinarily strong run and while the latest results were encouraging there are areas of concern for investors.
"As a legacy of Covid, debt is highly elevated. This could make the market uncomfortable, particularly if there is any indication it is preventing IAG from making necessary investments in its business.
"The pledge to return to pre-Covid levels of profit in the next few years gives investors something to look forward to but also demands some patience - and there is no dividend to reward shareholders for sticking around."
FTSE 100 - Risers
M&G (MNG) 212.80p 7.75% Rolls-Royce Holdings (RR.) 139.28p 4.64% BAE Systems (BA.) 919.80p 2.00% Frasers Group (FRAS) 799.50p 1.91% Centrica (CNA) 104.00p 1.46% Standard Chartered (STAN) 773.60p 1.39% Airtel Africa (AAF) 123.30p 1.23% Pearson (PSON) 918.40p 1.15% Rentokil Initial (RTO) 519.40p 1.09% Smurfit Kappa Group (CDI) (SKG) 3,077.00p 0.95%
FTSE 100 - Fallers
International Consolidated Airlines Group SA (CDI) (IAG) 153.46p -7.24% Flutter Entertainment (CDI) (FLTR) 13,265.00p -4.74% Ocado Group (OCDO) 612.40p -4.04% Anglo American (AAL) 2,900.50p -3.62% Entain (ENT) 1,318.00p -2.73% WPP (WPP) 1,030.50p -2.00% Rio Tinto (RIO) 5,720.00p -1.99% Burberry Group (BRBY) 2,425.00p -1.94% Prudential (PRU) 1,215.00p -1.94% Antofagasta (ANTO) 1,552.00p -1.93%
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.
