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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: Vodafone rallies; Sage hit by downgrade

(Sharecast News) - London's FTSE 100 was down 0.2% at 7,467.50 in afternoon trade on Friday. Vodafone was the standout gainer on the index following a report that Italian telecom operator Fastweb is exploring a potential acquisition of the company's Italian operations.

Flutter Entertainment was in the red as Barclays cut its price target on the shares to 153p from 160p.

Sage Group was also under the cosh after Canaccord Genuity cut its rating on the shares to 'sell' from 'hold'.

"We believe the 'hyperbolic' share price reaction to an essentially 'in-line' set of FY23 results and FY24 guidance earlier this week now presents a compelling 'take profit' opportunity," it said.

Ladbrokes owner Entain lost ground after agreeing a deal with the Crown Prosecution Service (CPS) to pay £585m to settle a bribery investigation into its former Turkish business.

FTSE 100 - Risers

Vodafone Group (VOD) 71.76p 1.26% Tesco (TSCO) 282.80p 1.00% Smurfit Kappa Group (CDI) (SKG) 2,754.00p 0.88% Kingfisher (KGF) 216.40p 0.84% B&M European Value Retail S.A. (DI) (BME) 540.40p 0.78% Barratt Developments (BDEV) 496.10p 0.75% Whitbread (WTB) 3,227.00p 0.72% 3i Group (III) 2,175.00p 0.69% Rolls-Royce Holdings (RR.) 242.30p 0.66% Intertek Group (ITRK) 3,982.00p 0.56%

FTSE 100 - Fallers

Flutter Entertainment (CDI) (FLTR) 12,505.00p -2.30% Sage Group (SGE) 1,109.00p -1.90% Glencore (GLEN) 442.50p -1.62% Scottish Mortgage Inv Trust (SMT) 712.20p -1.58% Entain (ENT) 851.00p -1.55% Anglo American (AAL) 2,198.50p -1.48% Endeavour Mining (EDV) 1,710.00p -1.44% Burberry Group (BRBY) 1,514.50p -1.43% BT Group (BT.A) 121.00p -1.35% St James's Place (STJ) 655.60p -1.29%

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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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