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.
(Sharecast News) - London's FTSE 100 was down 0.3% at 10,366.61 in afternoon trade on Friday.
Software-related stocks were on the rise, with Informa, Experian, Relx and Sage Group among the top performers.
Defence and aerospace firm Babcock was also in the black ahead of full-year results on Monday.
On the downside, Admiral was under the cosh after RBC Capital Markets downgraded the insurer to 'sector perform' from 'outperform' as it took a more cautious view ahead of first-half results in August, in the context of a good share price performance and a steady but slow recovery in UK Motor.
"We are taking a more conservative view of current volumes and margins, particularly in H1, which has a small knock-on impact to out-year forecasts," the bank said.
RBC cut its price target to 3,450p from 3,560p.
Miners were also under pressure, with Antofagasta, Anglo American and Rio Tinto all lower.
FTSE 100 - Risers
Informa (INF) 875.60p 1.97%
Experian (EXPN) 2,548.00p 1.55%
BP (BP.) 498.10p 1.39%
Relx plc (REL) 2,377.00p 1.32%
Shell (SHEL) 2,996.00p 1.20%
AstraZeneca (AZN) 13,282.00p 1.08%
Kingfisher (KGF) 284.00p 0.85%
Babcock International Group (BAB) 1,037.50p 0.77%
Mondi (MNDI) 733.80p 0.66%
The Sage Group (SGE) 808.00p 0.65%
FTSE 100 - Fallers
Airtel Africa (AAF) 343.40p -4.75%
Admiral Group (ADM) 3,222.00p -4.16%
Fresnillo (FRES) 2,993.00p -3.91%
Antofagasta (ANTO) 4,050.00p -3.09%
Vodafone Group (VOD) 106.00p -2.71%
Anglo American (AAL) 3,907.00p -2.28%
Tesco (TSCO) 440.80p -2.23%
Scottish Mortgage Inv Trust (SMT) 1,446.00p -2.13%
Weir Group (WEIR) 2,450.00p -2.08%
Rio Tinto (RIO) 7,438.00p -2.04%