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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: NatWest slumps on results; Segro in the black

(Sharecast News) - London's FTSE 100 was down 0.3% at 7,988.67in afternoon trade on Friday. Shares in NatWest slumped despite the bank reporting annual profits up by more than a third and unveiling an £800m share buyback as it cashed in on surging interest rates.

Steve Clayton, head of equity funds at Hargreaves Lansdown said suggestions that margins "will expand no further from here" may have harmed sentiment.

"With the stock having stormed 20% higher so far this year, some will be expecting more than that from the group. That explains the sharp tumble the shares have taken this morning," he said.

Lloyds also fell sharply.

On the upside, Segro jumped to the top of the index after it said full-year adjusted pre-tax profits rose 8.4% to £386m as demand for its warehouses remained high.

British Gas owner Centrica was on the rise for the second day in a row following bumper full-year results on Thursday.

FTSE 100 - Risers

SEGRO (SGRO) 868.00p 3.80% National Grid (NG.) 1,064.50p 1.53% Haleon (HLN) 335.85p 1.37% GSK (GSK) 1,474.80p 1.36% WPP (WPP) 1,017.00p 1.35% Imperial Brands (IMB) 2,005.00p 1.34% United Utilities Group (UU.) 1,047.50p 1.16% Centrica (CNA) 105.40p 1.15% Severn Trent (SVT) 2,786.00p 1.05% Glencore (GLEN) 512.40p 0.99%

FTSE 100 - Fallers

NATWEST GROUP (NWG) 285.80p -6.48% Lloyds Banking Group (LLOY) 51.21p -3.27% Hargreaves Lansdown (HL.) 838.80p -3.19% Scottish Mortgage Inv Trust (SMT) 746.40p -1.92% Rolls-Royce Holdings (RR.) 112.06p -1.53% Rightmove (RMV) 581.20p -1.49% Ashtead Group (AHT) 5,648.00p -1.47% JD Sports Fashion (JD.) 180.60p -1.34% Weir Group (WEIR) 1,866.00p -1.27% BP (BP.) 560.70p -1.22%

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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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