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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: Prudential pushes higher; AstraZeneca in the red

(Sharecast News) - London's FTSE 100 was up 1.4% at 7,638.84 in afternoon trade on Monday. Asia-focused insurer Prudential was among the top performers on index, with traders pointing to the end of Covid restrictions in China.

Melrose Industries gained after saying it had sold its Ergotron business to funds managed by The Sterling Group for $650m (£520m) in cash.

Miners Anglo American and Rio Tinto were also trading up as metals prices advanced.

Going the other way, AstraZeneca was weaker even as the pharmaceuticals group said that a breast cancer treatment developed by it and Daiichi Sankyo had been shown to double the progression-free survival rates of patients compared with chemotherapy.

FTSE 100 - Risers

Endeavour Mining (EDV) 1,895.00p 5.04% Prudential (PRU) 1,067.00p 4.81% Rolls-Royce Holdings (RR.) 92.96p 4.77% Ocado Group (OCDO) 947.80p 4.31% Melrose Industries (MRO) 138.25p 3.64% Informa (INF) 556.80p 3.61% SSE (SSE) 1,823.50p 3.58% Ashtead Group (AHT) 4,151.00p 3.49% Anglo American (AAL) 3,981.50p 3.42% Rio Tinto (RIO) 5,949.00p 3.32%

FTSE 100 - Fallers

AstraZeneca (AZN) 10,156.00p -2.74% BT Group (BT.A) 185.00p -1.39% Standard Chartered (STAN) 626.80p -0.95% Bunzl (BNZL) 2,788.00p -0.82% Vodafone Group (VOD) 126.00p -0.55% Dechra Pharmaceuticals (DPH) 3,556.00p -0.34% Entain (ENT) 1,456.50p -0.24% Flutter Entertainment (CDI) (FLTR) 9,272.00p -0.11% Meggitt (MGGT) 774.80p -0.03% GSK (GSK) 1,708.00p 0.01%

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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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