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.
(Sharecast News) - London's FTSE 100 was up 0.6% at 7,011.05 in afternoon trade on Monday, as Rishi Sunak became the UK's next prime minister.
Pearson surged after reaffirming its expectations for full-year sales and adjusted operating profit as it posted a 7% jump in third-quarter underlying sales.
AJ Bell financial analyst Danni Hewson said: "Education publisher Pearson's digital transition continues to pay off. Despite inflationary pressures, the company was able to keep full-year guidance in place as third quarter underlying sales saw solid growth.
"The company's English language learning products are notably enjoying strong demand and the robust update suggests that after a difficult decade and transition from big academic textbooks to a more internet-based offering, Pearson is in a good position."
Auto Trader rallied after saying it had sold its Webzone subsidiary to Mediahuis Ireland for €30m.
On the downside, Asia-focused Prudential was the worst performer on the index following heavy losses in Asian markets.
FTSE 100 - Risers
Pearson (PSON) 957.80p 7.93%
SSE (SSE) 1,516.00p 4.55%
Whitbread (WTB) 2,683.00p 4.44%
Auto Trader Group (AUTO) 507.20p 4.32%
Unite Group (UTG) 875.00p 3.86%
Rightmove (RMV) 476.40p 3.77%
Persimmon (PSN) 1,261.50p 3.53%
Spirax-Sarco Engineering (SPX) 10,660.00p 3.50%
Centrica (CNA) 69.60p 3.33%
RS Group (RS1) 972.00p 3.29%
FTSE 100 - Fallers
Prudential (PRU) 806.80p -8.98%
Anglo American (AAL) 2,660.50p -2.69%
Antofagasta (ANTO) 1,119.50p -2.48%
Fresnillo (FRES) 700.20p -2.48%
Rio Tinto (RIO) 4,718.00p -1.81%
Glencore (GLEN) 494.15p -1.58%
HSBC Holdings (HSBA) 470.70p -1.50%
Standard Chartered (STAN) 559.40p -1.34%
Ocado Group (OCDO) 478.40p -1.28%
Shell (SHEL) 2,321.00p -0.98%
