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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: Weir Group surges; Fresnillo loses its shine

(Sharecast News) - London's FTSE 100 was down 0.3% at 7,673.44 in afternoon trade on Tuesday. Weir Group surged after as its first-half results were ahead of expectations and it upgraded full-year profit and revenue guidance.

HSBC posted a rise in first-half profits as it benefited from rising interest rates, and announced a share buyback of up to $2bn.

In the first six months of the year, pre-tax profit rose to $21.7bn from $9.2bn in the same period a year earlier. This included a $2.1bn reversal of an impairment relating to the planned sale of its retail banking operations in France and a provisional gain of $1.5bn on the acquisition of Silicon Valley Bank UK.

Revenue grew by $12.3bn to $36.9bn. HSBC said this was driven by higher net interest income in all of its global businesses due to interest rate rises.

Drinks company Diageo ticked up as full-year results beat expectations.

Gold and silver miner Fresnillo slumped after first-half results.

FTSE 100 - Risers

Weir Group (WEIR) 1,877.50p 2.32% Rightmove (RMV) 580.80p 1.82% HSBC Holdings (HSBA) 657.40p 1.72% BT Group (BT.A) 123.40p 1.15% Diageo (DGE) 3,433.50p 1.06% Tesco (TSCO) 260.00p 0.78% CRH (CDI) (CRH) 4,679.00p 0.62% Sainsbury (J) (SBRY) 279.00p 0.58% Compass Group (CPG) 2,038.00p 0.54% Barratt Developments (BDEV) 459.10p 0.53%

FTSE 100 - Fallers

Beazley (BEZ) 526.50p -4.01% Fresnillo (FRES) 596.40p -3.53% Pearson (PSON) 840.40p -2.80% JD Sports Fashion (JD.) 153.70p -2.54% St James's Place (STJ) 917.40p -2.40% Croda International (CRDA) 5,776.00p -1.94% NATWEST GROUP (NWG) 239.70p -1.88% M&G (MNG) 196.85p -1.87% Prudential (PRU) 1,062.50p -1.85% Endeavour Mining (EDV) 1,846.00p -1.81%

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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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