Skip Header
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: Relx rallies again; oil giants gush lower

(Sharecast News) - London's FTSE 100 was 0.8% higher at 10,819.80 in afternoon trade on Monday. Relx was the standout gainer, having rallied last Thursday and Friday after the provider of information-based analytics and decision tools reaffirmed its full-year outlook and posted a rise in first-half revenue and profit.

On Friday, Deutsche Bank upped its price target on the shares to 3,100p from 3,050p following "strong" first-half figures and a "positive" results call. The bank, which rates the stock at 'buy', said it sees good value given solid/consistent like-for-like revenue growth. It said also said that AI worries look overplayed.

JD Sports Fashion rallied after an upgrade to 'outperform' from 'neutral' at BNP Paribas, which set a price target of 105p.

BP and Shell gushed lower as oil prices tumbled on renewed hopes for a lasting peace deal in the Middle East. Oil prices were responding to Iran and the US pausing tit-for-tat attacks following a fortnight of steadily escalating violence.

The US military has not reported any strikes since Thursday, while Iranian forces halted all attacks over the weekend.

BA and Iberia owner IAG flew higher as falling oil prices alleviated concerns about jet fuel costs.

FTSE 100 - Risers

Relx plc (REL) 2,682.00p 4.67% Vodafone Group (VOD) 119.85p 4.67% JD Sports Fashion (JD.) 92.64p 4.20% Airtel Africa (AAF) 347.40p 3.95% The Sage Group (SGE) 888.80p 3.78% Autotrader Group (AUTO) 506.20p 3.58% Pershing Square Holdings Ltd NPV (PSH) 3,816.00p 2.75% Flutter Entertainment (DI) (FLTR) 7,788.00p 2.50% International Consolidated Airlines Group SA (CDI) (IAG) 443.90p 2.26% Experian (EXPN) 2,801.00p 2.22%

FTSE 100 - Fallers

BP (BP.) 530.90p -3.19% Glencore (GLEN) 523.50p -2.74% Shell (SHEL) 3,252.50p -1.62% Centrica (CNA) 161.20p -1.35% SSE (SSE) 2,400.00p -0.91% Imperial Brands (IMB) 2,800.00p -0.81% British American Tobacco (BATS) 4,541.00p -0.66% National Grid (NG.) 1,231.50p -0.61% Legal & General Group (LGEN) 297.90p -0.57% Anglo American (AAL) 3,702.00p -0.54%

Share this article

Related Sharecast Articles

FTSE 250 movers: Coats, Man group, SSP on the rise
(Sharecast News) - FTSE 250 (MCX) 23,928.08 0.13%
FTSE 250 movers: Trainline tops risers, Vesuvius and energy stocks drop
(Sharecast News) - Trainline was topping the risers list on the FTSE 250 on Monday, while Vesuvius and a handful of energy stocks were falling sharply.
FTSE 250 movers: DiscoverIE, Renishaw jump
(Sharecast News) - FTSE 250 (MCX) 23,723.62 0.41%

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.