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
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
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: Miners, Diageo rally; BP and Shell hit by weaker oil prices
(Sharecast News) - London's FTSE 100 was up 2.2% at 10,441.41 in afternoon trade on Wednesday. Gold miner Fresnillo and miners Antofagasta and Anglo American all rose as gold and copper prices advanced.
BA and Iberia owner IAG also flew higher as oil prices tumbled, allaying concerns about fuel costs.
Diageo fizzed higher as the Guinness owner reported better-than-expected third-quarter growth, fuelled by strong demand across Europe and Latin America ahead of the football World Cup.
The drinks maker - which also owns Johnnie Walker, Smirnoff and Baileys, among others - saw sales rise 2.3% in the three months to March end to $4.48bn, or by 0.3% on an organic basis. Within that, volumes were 0.4% higher while the price/mix was -0/1%. Analysts had been expecting a 2% decline in organic sales.
Susannah Streeter, chief investment strategist at Wealth Club, said: "Although there's no change to the guidance, better performances in Europe, Latin America and Africa have added a bit of zing to the picture and a cause for celebration.
"There was a seasonal lift due to the early arrival of Easter and there are also some tentative signs that a frenzy of World Cup fever will keep spirit demand higher."
On the downside, BP and Shell gushed lower as oil prices slid amid hopes of a US-Iran peace deal.
Smith & Nephew was also down as it said it performed in line with expectations in the first quarter, backed its full-year outlook and announced a new $500 buyback.
FTSE 100 - Risers
Fresnillo (FRES) 3,417.00p 9.70% Antofagasta (ANTO) 3,826.00p 7.78% Rolls-Royce Holdings (RR.) 1,291.80p 7.57% International Consolidated Airlines Group SA (CDI) (IAG) 392.40p 7.21% Anglo American (AAL) 3,810.00p 6.97% Melrose Industries (MRO) 517.20p 6.69% Barclays (BARC) 444.95p 6.16% Diageo (DGE) 1,568.20p 6.09% HSBC Holdings (HSBA) 1,350.80p 5.64% Prudential (PRU) 1,163.00p 5.40%
FTSE 100 - Fallers
BP (BP.) 550.30p -3.56% Shell (SHEL) 3,214.50p -2.87% Smith & Nephew (SN.) 1,135.50p -2.07% SSE (SSE) 2,523.00p -1.23% London Stock Exchange Group (LSEG) 9,492.00p -0.81% Metlen Energy & Metals (MTLN) 37.48p -0.45% Centrica (CNA) 209.20p -0.24% National Grid (NG.) 1,293.40p -0.03% RELX FINANCE BV 3.375% GTD NTS 20/03/33 (BW73) 98.64p 0.00% Beazley (BEZ) 1,278.50p 0.08%
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, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
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 or Product Summary 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.
