Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 100 movers: Segro surges after rejecting £12.6bn approach; Fresnillo slumps
(Sharecast News) - London's FTSE 100 was up 0.3% at 10,461.36 in afternoon trade on Wednesday. Segro surged to the top of the index after rebuffing a £12.6bn takeover approach from US real estate giant Prologis.
San Francisco-based Prologis, a specialist in logistics facilities, confirmed it had approached Segro earlier in June with an indicative all-share proposal.
Under the terms of the proposed combination, Segro shareholders would receive 0.084 new Prologis shares for every Segro share they hold. Based on the closing price of 23 June, the deal implies a value of 925p for each Segro share. Following completion, Segro shareholders would hold around 10.5% of Prologis' issued share capital.
However, Segro said the board had "unanimously and unequivocally" rejected the proposal, arguing that it fell "a long way short" in terms of valuation.
Land Securities, British Land and LondonMetric also gained.
On the downside, precious metals miner Fresnillo was the worst performer on the index as gold prices fell below $4,000 an ounce for the first time since November 2025.
Miners Glencore, Anglo American and Antofagasta were also in the red as copper prices retreated.
Defence firm Babcock fell after Germany scrapped a multibillion-euro project to build the biggest warship commissioned by the navy since the second world war.
FTSE 100 - Risers
SEGRO (SGRO) 880.20p 19.16% Games Workshop Group (GAW) 21,380.00p 5.21% Land Securities Group (LAND) 651.00p 4.40% Barratt Redrow (BTRW) 273.90p 4.40% British Land Company (BLND) 417.20p 4.18% Persimmon (PSN) 1,069.00p 4.12% Haleon (HLN) 345.90p 3.60% LondonMetric Property (LMP) 188.40p 3.28% Whitbread (WTB) 2,521.00p 2.85% St James's Place (STJ) 1,174.50p 2.70%
FTSE 100 - Fallers
Fresnillo (FRES) 2,685.00p -5.71% Airtel Africa (AAF) 332.40p -4.08% Glencore (GLEN) 509.10p -3.88% Anglo American (AAL) 3,578.00p -3.05% Lion Finance Group (BGEO) 11,140.00p -2.95% Flutter Entertainment (DI) (FLTR) 7,370.00p -2.74% BP (BP.) 484.55p -2.70% Antofagasta (ANTO) 3,607.00p -2.63% Babcock International Group (BAB) 980.60p -2.46% Metlen Energy & Metals (MTLN) 41.60p -2.39%
Share this article
Related Sharecast Articles
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.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
