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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: Mondi recovers some ground; HSBC slides

(Sharecast News) - London's FTSE 100 was down 0.3% at 9,520.39 in afternoon trade on Thursday. HSBC slid after announcing plans to take Hang Seng Bank private in a deal that values the lender at 290 billion Hong Kong dollars ($37bn), and saying it would suspend buybacks for three quarters to preserve capital.

The bank, which owns around 63.3% of Hang Seng Bank, said it has offered HK$155 a share for the shares it does not already own. This is a premium of about 30% to the last closing price.

Advertising giant WPP fell as it traded without entitlement to the dividend.

On the upside, Mondi was the standout gainer, having tumbled on Monday after the packaging and paper group warned weak demand and failing prices had hit earnings.

BA and Iberia owner IAG flew higher after well-received quarterly results and an upbeat outlook from Delta Air Lines.

FTSE 100 - Risers

Mondi (MNDI) 875.40p 3.23% Anglo American (AAL) 2,991.00p 3.14% International Consolidated Airlines Group SA (CDI) (IAG) 412.30p 3.08% Metlen Energy & Metals (MTLN) 47.22p 3.00% Fresnillo (FRES) 2,428.00p 2.53% Smurfit Westrock (DI) (SWR) 3,238.00p 1.79% Weir Group (WEIR) 2,852.00p 1.78% Reckitt Benckiser Group (RKT) 5,754.00p 1.55% Flutter Entertainment (DI) (FLTR) 18,315.00p 1.47% GSK (GSK) 1,642.50p 1.36%

FTSE 100 - Fallers

HSBC Holdings (HSBA) 1,022.60p -4.07% WPP (WPP) 353.00p -3.97% Barratt Redrow (BTRW) 374.70p -3.78% Babcock International Group (BAB) 1,233.00p -2.76% JD Sports Fashion (JD.) 98.48p -2.59% Lloyds Banking Group (LLOY) 84.24p -2.48% The Sage Group (SGE) 1,090.50p -1.80% Rentokil Initial (RTO) 408.10p -1.66% Prudential (PRU) 1,030.00p -1.58% BAE Systems (BA.) 2,002.00p -1.33%

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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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