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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: Miners lose ground; Segro rallies

(Sharecast News) - London's FTSE 100 was down 0.2% at 7,883.55 in afternoon trade on Thursday. Miners were under the cosh as metals prices fell, with Antofagasta, Anglo American and Rio Tinto all down.

Antofagasta was also trading without entitlement to the dividend, while Rio was in focus after it reported record first-quarter iron ore shipments from its Plibara operations in Western Australia as China ramped up steel production, but cut copper output guidance due to issues at its US Kennecott and Chilean Escondida operations.

Paper and packaging companies Mondi, Smurfit and DS Smith all fell.

On the upside, real estate investment trust Segro rallied after saying 2023 had got off to strong start, boosted by solid occupier demand and limited supply.

Consumer healthcare giant Haleon gained as it posted first-quarter sales ahead of expectations, underpinned by a strong cold and flu season.

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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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