Skip Header
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: Miners gain; IHG hit by downgrade

(Sharecast News) - London's FTSE 100 was flat at 7,478.90 in afternoon trade on Friday. Miners Antofagasta, Rio Tinto and Anglo American rallied as commodity prices rose.

On the downside, InterContinental Hotels fell after JPMorgan cut its stance on the stock to 'neutral' from 'overweight' and reduced the price target to 5,900p from 6,100p as it argued there is limited upside left.

In a note on EU hotels, the bank said: "We struggle to see upside to current multiples, with most of the reopening related good news behind us and concerns about the sustainability of pricing (combined with uncertain macro/consumer)."

It added that the shares trade in line with historical multiples, having performed relatively well year-to-date, outperforming Accor and Premier Inn owner Whitbread.

FTSE 100 - Risers

Harbour Energy (HBR) 490.00p 3.46% Antofagasta (ANTO) 1,192.00p 2.14% Rio Tinto (RIO) 5,055.00p 2.10% Anglo American (AAL) 2,977.50p 1.99% Centrica (CNA) 82.94p 1.84% Persimmon (PSN) 1,511.00p 1.75% Haleon (HLN) 267.80p 1.59% Prudential (PRU) 930.20p 1.51% Barratt Developments (BDEV) 436.40p 1.46% Aveva Group (AVV) 2,808.00p 1.41%

FTSE 100 - Fallers

Relx plc (REL) 2,325.00p -2.47% InterContinental Hotels Group (IHG) 4,855.00p -2.24% Experian (EXPN) 2,715.00p -2.16% Entain (ENT) 1,256.00p -1.95% Intertek Group (ITRK) 4,062.00p -1.36% RS Group (RS1) 1,114.00p -1.33% Smith (DS) (SMDS) 263.40p -1.27% Croda International (CRDA) 6,934.00p -1.20% Howden Joinery Group (HWDN) 581.20p -1.16% Sainsbury (J) (SBRY) 206.10p -1.15%

Share this article

Related Sharecast Articles

FTSE 100 movers: Experian surges; Burberry falls on results
(Sharecast News) - London's FTSE 100 was up 0.1% at 8,439.32 in afternoon trade on Wednesday.
FTSE 100 movers: Ocado surges; Anglo American in the red
(Sharecast News) - London's FTSE 100 was up 0.2% at 8,428.30 in afternoon trade on Tuesday.
FTSE 250 movers: Currys in favour; No appetite for Greggs
(Sharecast News) - FTSE 250 (MCX) 20,630.59 0.34%
FTSE 100 movers: Diploma rallies on guidance upgrade; BAE hit by downgrade
(Sharecast News) - London's FTSE 100 was down 0.2% at 8,421.35 in afternoon trade on Monday.

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.