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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: Spirax surges on results; Entain slumps

(Sharecast News) - London's FTSE 100 was flat at 9,129.73 in afternoon trade on Tuesday. Spirax Group surged to the top of the index as its first-half-results beat expectations.

Berkeley was also in the black following a well-received update from fellow housebuilder Bellway.

Ladbrokes owner Entain slumped despite lifting its full-year guidance after a better-than-expected first-half performance.

Russ Mould, investment director at AJ Bell, said: "It's not all good news as the company's physical outlets are not seeing any growth and the company continues to face potential regulatory and tax headwinds, with a gambling levy being floated ahead of this year's Budget.

"However, in terms of what it can control Entain seems to be getting more right than it is getting wrong right now."

FTSE 100 - Risers

Spirax Group (SPX) 6,860.00p 13.20% Airtel Africa (AAF) 217.40p 2.55% Pershing Square Holdings Ltd NPV (PSH) 4,200.00p 2.34% Antofagasta (ANTO) 2,075.00p 1.87% BT Group (BT.A) 211.70p 1.63% International Consolidated Airlines Group SA (CDI) (IAG) 380.00p 1.63% Rio Tinto (RIO) 4,656.50p 1.52% Melrose Industries (MRO) 589.40p 1.38% Berkeley Group Holdings (The) (BKG) 3,794.00p 1.23% Ashtead Group (AHT) 5,056.00p 1.20%

FTSE 100 - Fallers

The Sage Group (SGE) 1,103.00p -4.17% London Stock Exchange Group (LSEG) 9,682.00p -2.22% Games Workshop Group (GAW) 15,110.00p -1.88% Entain (ENT) 922.80p -1.45% Pearson (PSON) 1,067.50p -1.29% Croda International (CRDA) 2,454.00p -0.97% National Grid (NG.) 1,048.00p -0.80% Hikma Pharmaceuticals (HIK) 1,770.00p -0.67% WPP (WPP) 362.60p -0.66% BP (BP.) 421.00p -0.59%

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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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