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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: Shell gushes higher on results; Airtel Africa tumbles

(Sharecast News) - London's FTSE 100 was up 0.4% at 7,082.74 in afternoon trade on Thursday. Oil giant Shell surged to the top of the index as it announced a $4bn share buyback and posted better-than-expected third-quarter profits. Adjusted earnings rose to $9.5bn from $4.1bn in the third quarter a year earlier, but down from the record $11.5bn posted in the second quarter of the year. Analysts had been expecting net earnings of $9bn.

BP and Harbour Energy also rallied.

Airtel Africa tumbled after its half-year pre-tax profit missed analysts' expectations.

Anglo American was also in the red after the miner reported a slight fall in third-quarter output, as it ramped up its steelmaking coal longwall operations and posted a strong performance at its De Beers diamond unit.

Miners more generally were under the cosh, with Rio and Glencore both down.

FTSE 100 - Risers

Shell (SHEL) 2,425.50p 5.48% BP (BP.) 480.95p 3.21% Land Securities Group (LAND) 581.20p 2.29% Harbour Energy (HBR) 391.20p 2.25% Rolls-Royce Holdings (RR.) 76.13p 2.23% Standard Chartered (STAN) 537.40p 2.17% Entain (ENT) 1,270.00p 2.01% Melrose Industries (MRO) 115.25p 1.86% Whitbread (WTB) 2,620.00p 1.79% British Land Company (BLND) 370.80p 1.73%

FTSE 100 - Fallers

Airtel Africa (AAF) 113.20p -10.87% Rio Tinto (RIO) 4,675.50p -3.46% Reckitt Benckiser Group (RKT) 5,534.00p -3.29% Ocado Group (OCDO) 485.30p -3.21% Anglo American (AAL) 2,691.50p -2.92% Rightmove (RMV) 494.00p -2.91% Coca-Cola HBC AG (CDI) (CCH) 1,851.00p -2.78% Glencore (GLEN) 503.60p -2.38% Sage Group (SGE) 729.80p -1.70% Intertek Group (ITRK) 3,798.00p -1.68%

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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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