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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: Unilever surges; B&M slumps on results

(Sharecast News) - London's FTSE 100 was up 0.2% at 7,618.00 in afternoon trade on Tuesday. Unilever surged to the top of the index after the consumer goods giant added billionaire investor Nelson Peltz - the founder and chief executive of Trian Fund Management - to its board as a non-executive director. Trian owns a 1.5% stake in the company.

Shell and BP gushed higher as oil prices rose after EU leaders agreed to ban 90% of Russian oil by the end of the year.

B&M European Value Retail slumped after it said chief financial officer Alex Russo would be replacing Simon Arora as chief executive and warned that margins would take a hit this year as Britain's cost-of-living crisis hit household budgets.

Royal Mail was also under the cosh after Ofcom said it had launched an investigation into its failure to meet delivery targets.

FTSE 100 - Risers

Unilever (ULVR) 3,716.00p 6.31% BT Group (BT.A) 190.25p 3.42% Airtel Africa (AAF) 155.00p 2.11% British American Tobacco (BATS) 3,519.50p 1.84% Shell (SHEL) 2,408.50p 1.45% Harbour Energy (HBR) 383.40p 1.19% Anglo American (AAL) 3,893.00p 1.12% BP (BP.) 438.20p 1.08% Rio Tinto (RIO) 5,797.00p 1.08% Imperial Brands (IMB) 1,788.00p 1.05%

FTSE 100 - Fallers

B&M European Value Retail S.A. (DI) (BME) 389.30p -15.13% International Consolidated Airlines Group SA (CDI) (IAG) 128.88p -4.56% Royal Mail (RMG) 314.60p -4.35% Persimmon (PSN) 2,168.00p -3.82% Next (NXT) 6,444.00p -2.57% Fresnillo (FRES) 789.80p -2.40% Barratt Developments (BDEV) 502.20p -2.30% Smurfit Kappa Group (CDI) (SKG) 3,217.00p -2.25% Rolls-Royce Holdings (RR.) 87.01p -2.22% Phoenix Group Holdings (PHNX) 637.40p -2.21%

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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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