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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 rally; IAG flies lower

(Sharecast News) - London's FTSE 100 was up 0.9% at 7,636.70 in afternoon trade on Friday. Heavily-weighted miners gained as metals prices rose, with Antofagasta, Rio Tinto, Anglo American and Glencore all sharply higher.

IAG flew lower after British Airways cancelled at least 50 Heathrow flights at the start of the Bank holiday weekend due to a computer problem affecting online check-in.

Housebuilder Taylor Wimpey was on the back foot.

CMC Markets analyst Michael Hewson said: "The sharp rise in gilt yields seen in the past week or so is weighing on Persimmon, Taylor Wimpey and Barratt Developments, as consumers face the prospect of higher mortgage costs when it comes to refinancing, while general retailers are getting hit over concerns over lower sales volumes with Frasers Group, JD Sports, B&Q owner Kingfisher and Next all under pressure."

FTSE 100 - Risers

Antofagasta (ANTO) 1,394.00p 3.26% Rio Tinto (RIO) 4,909.50p 3.18% Anglo American (AAL) 2,323.00p 2.47% M&G (MNG) 196.75p 2.45% Endeavour Mining (EDV) 2,004.00p 1.93% Glencore (GLEN) 423.05p 1.60% Coca-Cola HBC AG (CDI) (CCH) 2,428.00p 1.55% London Stock Exchange Group (LSEG) 8,458.00p 1.44% Mondi (MNDI) 1,287.00p 1.42% Centrica (CNA) 117.85p 1.38%

FTSE 100 - Fallers

Kingfisher (KGF) 227.10p -2.53% Vodafone Group (VOD) 79.05p -2.48% Frasers Group (FRAS) 667.00p -2.41% Taylor Wimpey (TW.) 115.55p -1.58% Land Securities Group (LAND) 605.60p -1.43% British Land Company (BLND) 347.60p -1.39% Convatec Group (CTEC) 206.20p -1.34% Next (NXT) 6,344.00p -1.18% International Consolidated Airlines Group SA (CDI) (IAG) 156.05p -1.05% Whitbread (WTB) 3,241.00p -0.95%

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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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