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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 rallies again; housebuilders head lower

(Sharecast News) - London's FTSE 100 was up 0.9% at 7,893.62 in afternoon trade on Friday as investors mulled a much stronger than expected US non-farm payrolls report. Oil giant Shell was the standout gainer on the index, rising for the second day in a row after it posted record annual profits on Thursday.

Discount retailer B&M European Value Retail was also in the black after an upgrade to 'buy' from 'hold' at Deutsche Bank, which lifted its price target to 580p from 460p.

BT Group gained after Ofcom said it was minded to back the company's planned Openreach wholesale prices, arguing they were not anti-competitive.

Housebuilders were on the back foot, with Persimmon, Berkeley, Barratt and Taylor Wimpey all weaker.

FTSE 100 - Risers

Shell (SHEL) 2,422.50p 3.34% Reckitt Benckiser Group (RKT) 5,788.00p 2.81% B&M European Value Retail S.A. (DI) (BME) 488.80p 2.56% Smith & Nephew (SN.) 1,179.00p 2.44% Glencore (GLEN) 556.70p 2.07% Haleon (HLN) 324.80p 1.90% JD Sports Fashion (JD.) 184.90p 1.76% BP (BP.) 488.05p 1.67% BT Group (BT.A) 134.35p 1.62% Airtel Africa (AAF) 112.90p 1.53%

FTSE 100 - Fallers

SEGRO (SGRO) 883.20p -3.78% Persimmon (PSN) 1,477.50p -3.56% Berkeley Group Holdings (The) (BKG) 4,315.00p -2.88% Vodafone Group (VOD) 92.18p -2.68% Ocado Group (OCDO) 720.80p -2.40% Barratt Developments (BDEV) 471.70p -2.27% Taylor Wimpey (TW.) 123.65p -2.13% NATWEST GROUP (NWG) 304.40p -1.81% Experian (EXPN) 3,108.00p -1.58% St James's Place (STJ) 1,284.00p -1.49%

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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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