Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

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 tumbles after results; L&G, M&G hit by downgrades

Tue 11 Aug 2026 14:30

(Sharecast News) - London's FTSE 100 was 0.2% higher at 10,881.57 in afternoon trade on Tuesday. Spirax Group tumbled even as it posted a rise in first-half profit and revenue and said it was on track to meet full-year guidance. The company reported a 44% jump in operating profit to £154.2m and a 5% uptick in revenue to £863.8m, with strong demand growth across all businesses and regions.

Dan Coatsworth, head of markets at AJ Bell, attributed the share price slump to disappointment over the lack of upgrades to earnings guidance in the results.

Legal & General and M&G were both weaker after downgrades to 'sell' from 'neutral' at UBS. The bank lifted its price target on L&G to 280p from 260p and on M&G to 330p from 300p.

FTSE 100 - Risers

St James's Place (STJ) 1,161.00p 2.11% Entain (ENT) 551.80p 1.88% Compass Group 11 (CPG) 32.66p 1.74% IG Group Holdings (IGG) 1,380.00p 1.62% Airtel Africa (AAF) 327.00p 1.49% BP (BP.) 531.50p 1.43% Scottish Mortgage Inv Trust (SMT) 1,424.00p 1.42% Antofagasta (ANTO) 4,062.00p 1.32% International Consolidated Airlines Group SA (CDI) (IAG) 441.60p 1.31% Fresnillo (FRES) 2,983.00p 1.25%

FTSE 100 - Fallers

Spirax Group (SPX) 7,205.00p -5.49% Legal & General Group (LGEN) 299.00p -3.73% M&G (MNG) 350.70p -3.09% Standard Life (SDLF) 904.00p -2.95% Prudential (PRU) 1,020.00p -2.06% JD Sports Fashion (JD.) 92.10p -2.04% Diageo (DGE) 1,760.00p -1.84% Sainsbury (J) (SBRY) 345.30p -1.62% Tesco (TSCO) 461.10p -1.52% Bunzl (BNZL) 2,794.00p -1.27%

Share this article

Related Sharecast Articles

Wed 12 Aug 2026 13:53
FTSE 250 movers: Ocado, Balfour Beatty soar; Raspberry Pi slips
(Sharecast News) - FTSE 250 (MCX) 24,914.40 0.46%
Tue 11 Aug 2026 12:27
FTSE 250 movers: Genuit, IWG fall after results
(Sharecast News) - FTSE 250 (MCX) 24,730.22 -0.06%
Mon 10 Aug 2026 13:59
FTSE 100 movers: Coca-Cola HBC hit by downgrade; Glencore gains
(Sharecast News) - London's FTSE 100 was down 0.4% at 10,858.04 in afternoon trade on Monday.

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.

Awards

Award 1
Award 2
Award 3

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 | 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.

© FIL Limited 2026