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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: Sainsbury's jumps on guidance upgrade; S&N slumps

(Sharecast News) - London's FTSE 100 was down 0.3% at 9,746.80 in afternoon trade on Thursday. Sainsbury's was the top riser as it lifted full-year profit guidance and increased shareholder payouts after interim earnings and sales beat expectations.

IMI was also in the black as it hailed an "excellent" third-quarter performance and said it was on track deliver its fourth consecutive year of mid-single digit organic revenue growth.

Drugmaker AstraZeneca advanced as it reiterated its full-year guidance and posted better-than-expected third-quarter earnings, driven by solid sales of its cancer, heart and kidney disease drugs.

NatWest and Lloyds rose on reports that chancellor Rachel Reeves was minded to rule out increasing taxes on the banking sector in her upcoming Budget.

On the downside, Smith & Nephew fell sharply after third-quarter underlying revenues missed expectations.

Hikma Pharmaceuticals tanked as it downgraded medium-term guidance for its injectables unit.

Drinks maker Diageo slumped as it cut its full-year sales and profit forecast amid weakness in Chinese white spirts and a slowdown in demand in North America.

The company now expects 2026 organic net sales to be flat to slightly lower. Organic operating profit growth is expected to be low to mid-single digit.

FTSE 100 - Risers

Sainsbury (J) (SBRY) 359.40p 6.58% IMI (IMI) 2,542.00p 5.83% Antofagasta (ANTO) 2,763.00p 4.15% AstraZeneca (AZN) 12,890.00p 3.53% NATWEST GROUP (NWG) 604.80p 2.79% Associated British Foods (ABF) 2,275.00p 2.66% Marks & Spencer Group (MKS) 395.10p 2.62% WPP (WPP) 275.60p 2.49% Tesco (TSCO) 477.80p 2.47% Lloyds Banking Group (LLOY) 91.72p 2.41%

FTSE 100 - Fallers

Smith & Nephew (SN.) 1,240.00p -11.02% Hikma Pharmaceuticals (HIK) 1,600.00p -9.66% Metlen Energy & Metals (MTLN) 42.65p -7.58% Diageo (DGE) 1,691.00p -5.92% Games Workshop Group (GAW) 15,510.00p -4.26% Pearson (PSON) 1,015.00p -3.61% Relx plc (REL) 3,325.00p -2.69% Diploma (DPLM) 5,430.00p -2.34% Ashtead Group (AHT) 4,823.00p -2.31% Unilever (ULVR) 4,547.00p -2.22%

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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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