Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

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: Phoenix boosted by UBS upgrade; Bunzl drops

Wed 17 Dec 2025 15:08

(Sharecast News) - London's FTSE 100 was up 1.7% at 9,847.19 in afternoon trade on Wednesday.

Phoenix Group was the standout gainer after UBS upgraded the shares to 'buy' from 'neutral' and hiked the price target to 770p from 670p, as it said balance sheet risks are well managed and the yield is attractive.

HSBC rose after KBW lifted the stock to 'outperform' from 'market perform', citing the strength of its Hong Kong business.

KBW, which upped the target price to 1,240p from 990p, said it expects the strong recent performance of HK wealth management and capital markets to continue.

Glencore was higher after an upgrade to 'buy' from 'hold' at Berenberg. The bank said it thinks it will either rerate as part of its plans to double copper volumes to 1.6mtpa, or be acquired if it fails to execute on its plans.

Berenberg said Glencore was its favoured pick in the sector, along with Anglo American.

Housebuilder Barratt Redrow also rose after the latest UK inflation data cemented rate cut expectations.

Bunzl was under the cosh as it backed its 2025 profit guidance despite "the ongoing macroeconomic challenges"" in its key end markets, but the company's outlook for 2026 disappointed.

For 2026, Bunzl said it expects "moderate" revenue growth at constant exchange rates, driven by some underlying revenue growth and a small benefit from announced acquisitions. Group operating margin is expected to be slightly down year-on-year.

FTSE 100 - Risers

Phoenix Group Holdings (PHNX) 726.00p 4.31% Metlen Energy & Metals (MTLN) 41.80p 3.72% HSBC Holdings (HSBA) 1,148.60p 3.31% Barratt Redrow (BTRW) 373.20p 3.18% United Utilities Group (UU.) 1,209.00p 3.07% Severn Trent (SVT) 2,779.00p 2.85% Convatec Group (CTEC) 241.40p 2.81% Ashtead Group (AHT) 5,400.00p 2.66% Barclays (BARC) 462.05p 2.58% Anglo American (AAL) 2,910.00p 2.54%

FTSE 100 - Fallers

DCC (CDI) (DCC) 4,924.00p -3.55% Bunzl (BNZL) 2,164.00p -2.52% Halma (HLMA) 3,520.00p -0.85% Associated British Foods (ABF) 2,106.00p -0.57% Tesco (TSCO) 439.30p -0.27% Burberry Group (BRBY) 1,295.00p -0.19% CRH (CDI) (CRH) 9,472.00p -0.17% Admiral Group (ADM) 3,138.00p -0.13% ICG (ICG) 2,054.00p -0.10% Rightmove (RMV) 521.20p -0.04%

Share this article

Related Sharecast Articles

Fri 24 Jul 2026 14:04
FTSE 100 movers: 3i Group rallies again; oil giants gush lower
(Sharecast News) - London's FTSE 100 was 0.7% higher at 10,717.09 in afternoon trade on Friday.
Thu 23 Jul 2026 14:03
FTSE 250 movers: Aston Martin leads risers, Mitchells & Butlers drops
(Sharecast News) - Aston Martin, easyJet and oil stocks were among the day's better performers on the FTSE 250, while Capital Gearing Trust and Mitchells & Butlers fell sharply.
Thu 23 Jul 2026 14:03
FTSE 100 movers: Segro, 3i Group surge; Centrica in the red
(Sharecast News) - London's FTSE 100 was down 0.8% at 10,635.14 in afternoon trade on Thursday.
Wed 22 Jul 2026 14:26
FTSE 100 movers: Segro surges on final Prologis offer; Babcock gains
(Sharecast News) - London's FTSE 100 was 1.5% higher at 10,744.89 in afternoon trade on Wednesday.

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.

Policies and important information
 

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme

 

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026