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: Tesco rallies on results; Phoenix goes ex-div

Thu 03 Oct 2024 14:57

(Sharecast News) - London's FTSE 100 was down 0.2% at 8,276.12 in afternoon trade on Thursday. Tesco shot to the top of the index as it lifted its annual profit guidance despite a slight slowdown in underlying sales growth in the second quarter.

Due to stronger-than-expected volumes in the first half, which the grocer put down to its ongoing investments in "value, quality and service", retail adjusted operating profit for the year ending 24 February was now expected to be £2.9bn, up from earlier guidance of at least £2.8bn and higher than last year's £2.76bn.

Housebuilders were also on the rise amid the prospect of faster rate cuts by the Bank of England. Persimmon, Vistry, Barratt and Taylor Wimpey all gained after BoE governor Andrew Bailey told the Guardian that the central bank could become a "bit more aggressive" in cutting rates as long as news on inflation continued to be good.

Bailey told the Guardian he has been encouraged by the fact that cost of living pressures had not been as persistent as the BoE thought they might be.

He said in an interview that if the news on inflation remained positive there was a chance the Bank could become "a bit more activist" in its rate-cutting approach.

Phoenix was in the red as it traded without entitlement to the dividend.

FTSE 100 - Risers

Tesco (TSCO) 362.30p 2.09% Rolls-Royce Holdings (RR.) 527.80p 1.73% Pershing Square Holdings Ltd NPV (PSH) 3,550.00p 1.49% SSE (SSE) 1,901.00p 1.44% Persimmon (PSN) 1,647.00p 1.42% Vistry Group (VTY) 1,304.00p 1.40% JD Sports Fashion (JD.) 142.15p 1.28% InterContinental Hotels Group (IHG) 8,200.00p 1.18% Barratt Developments (BDEV) 479.70p 1.05% Taylor Wimpey (TW.) 164.75p 1.01%

FTSE 100 - Fallers

Phoenix Group Holdings (PHNX) 523.50p -5.76% Diploma (DPLM) 4,212.00p -5.01% M&G (MNG) 201.00p -3.18% GSK (GSK) 1,466.50p -1.94% Prudential (PRU) 707.20p -1.83% Hikma Pharmaceuticals (HIK) 1,879.00p -1.73% Coca-Cola HBC AG (CDI) (CCH) 2,680.00p -1.69% Anglo American (AAL) 2,436.50p -1.67% Antofagasta (ANTO) 1,961.00p -1.63% NATWEST GROUP (NWG) 329.10p -1.50%

Share this article

Related Sharecast Articles

Fri 24 Jul 2026 14:04
FTSE 100 movers: 3i Group rallies again; oil giants gush lower
(Sharecast News) - London's FTSE 100 was 0.7% higher at 10,717.09 in afternoon trade on Friday.
Thu 23 Jul 2026 14:03
FTSE 250 movers: Aston Martin leads risers, Mitchells & Butlers drops
(Sharecast News) - Aston Martin, easyJet and oil stocks were among the day's better performers on the FTSE 250, while Capital Gearing Trust and Mitchells & Butlers fell sharply.
Thu 23 Jul 2026 14:03
FTSE 100 movers: Segro, 3i Group surge; Centrica in the red
(Sharecast News) - London's FTSE 100 was down 0.8% at 10,635.14 in afternoon trade on Thursday.
Wed 22 Jul 2026 14:26
FTSE 100 movers: Segro surges on final Prologis offer; Babcock gains
(Sharecast News) - London's FTSE 100 was 1.5% higher at 10,744.89 in afternoon trade on Wednesday.

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.

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 | Staying secure | 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