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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: Rentokil surges on results; Schroders slips

(Sharecast News) - London's FTSE 100 was 0.8% higher at 9,590.71 in afternoon trade on Thursday. Rentokil was the standout gainer on the index as it said it was on track to meet full-year market expectations after an encouraging third-quarter performance and pointed to improved trading in North America.

In the period from 1 July to 30 September, group revenue came in at $1.81bn, up 4.6% on the same period a year ago. Organic revenue growth was 3.4%.

Revenue in North America was up 4.6% to $1.14bn, with organic revenue growth of 3.4%. Organic revenue growth in the North America pest control business was 1.8%, versus just 0.1% growth in the first half.

LSEG was also sharply higher on the back of strong quarterly results and news it will sell a 20% stake in its clearing unit, Post Trade Solutions, to a group of banks, in a deal that values the business at £850m.

BP and Shell were among the top performers as oil prices rose after the US imposed fresh sanctions on Russian oil firms Rosneft and Lukoil as it looks to ramp up pressure on Moscow to end its war in Ukraine.

Lloyds gained as it reported a 36% fall in third-quarter profit after taking an extra £800m hit from the motor finance scandal. Pre-tax profit for the three months to September 30 came in at £1.17bn, beating consensus estimates of £1.04bn. Lloyds said its "best estimate" of potential payout over the mis-selling of financing would be almost £2bn.

St James's Place and Schroders were both weaker after third-quarter updates.

Legal & General also fell despite saying it expects to deliver full-year 2025 core operating earnings per share growth at the higher end of its 6% to 9% target range.

FTSE 100 - Risers

Rentokil Initial (RTO) 450.50p 10.61% London Stock Exchange Group (LSEG) 9,302.00p 6.67% Fresnillo (FRES) 2,210.00p 6.25% Burberry Group (BRBY) 1,293.50p 4.15% BP (BP.) 436.80p 3.65% Shell (SHEL) 2,856.00p 3.44% Babcock International Group (BAB) 1,208.00p 1.77% Centrica (CNA) 177.85p 1.74% Lloyds Banking Group (LLOY) 85.86p 1.63% Weir Group (WEIR) 2,902.00p 1.61%

FTSE 100 - Fallers

Ashtead Group (AHT) 5,300.00p -2.39% St James's Place (STJ) 1,321.00p -2.37% The Sage Group (SGE) 1,148.00p -2.30% easyJet (EZJ) 482.00p -2.29% Schroders (SDR) 371.20p -2.06% Relx plc (REL) 3,444.00p -1.82% CRH (CDI) (CRH) 8,720.00p -1.76% Smurfit Westrock (DI) (SWR) 3,162.00p -1.40% Compass Group (CPG) 2,586.00p -1.37% Legal & General Group (LGEN) 239.00p -1.32%

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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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