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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: Scottish Mortgage rallies; energy shares slump

(Sharecast News) - London's FTSE 100 was up 0.3% at 7,584.48 in afternoon trade on Friday. Tech-heavy Scottish Mortgage Investment Trust was the standout gainer on the index, while Asia-focused insurer Prudential also gained.

On the downside, Harbour Energy, SSE and National Grid were all lower after the government announced a £5bn windfall tax on oil and gas producers on Thursday.

BP was also in the red as the oil giant said it would review its North Sea investments following news of the windfall tax.

FTSE 100 - Risers

Scottish Mortgage Inv Trust (SMT) 782.80p 4.96% Prudential (PRU) 1,032.50p 2.53% Melrose Industries (MRO) 129.15p 2.50% NATWEST GROUP PLC ORD 100P (NWG) 228.80p 2.37% Compass Group (CPG) 1,817.00p 2.37% Experian (EXPN) 2,669.00p 2.34% Spirax-Sarco Engineering (SPX) 10,560.00p 2.13% Rentokil Initial (RTO) 509.20p 2.11% Burberry Group (BRBY) 1,675.00p 2.07% Sage Group (SGE) 674.60p 2.06%

FTSE 100 - Fallers

Harbour Energy (HBR) 392.30p -8.38% ITV (ITV) 71.58p -2.59% SSE (SSE) 1,743.00p -2.16% Fresnillo (FRES) 799.80p -1.74% National Grid (NG.) 1,166.50p -1.69% Pearson (PSON) 745.60p -1.58% Endeavour Mining (EDV) 1,809.00p -1.58% Informa (INF) 544.20p -1.45% BP (BP.) 428.95p -1.45% Coca-Cola HBC AG (CDI) (CCH) 1,749.50p -1.44%

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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.