Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 100 movers: Diageo and WPP in the black
(Sharecast News) - London's FTSE 100 was up 0.5% at 7,668.46 in afternoon trade on Tuesday. Drinks giant Diageo reversed earlier losses to trade up as it said first-half profits fell by more than a tenth as weakness in the Latin American and Caribbean (LAC) regions persisted, but pointed to improving trading conditions in the latter part of the financial year.
WPP was also in the black as the advertising firm backed its full-year guidance and set out its targets for 2024.
3i Group advanced as Barclays reiterated its 'overweight' rating on the shares and lifted the price target to 2,810p from 2,470p.
Ashtead gained as JPMorgan Cazenove reiterated its 'overweight' rating on shares of the equipment hire firm and hiked its price target to 6,800p from 5,600p.
JPM said that with the shares now trading at a 7% discount to their five-year average on EV/EBITA and at their widest discount to United Rentals - its closest peer - in five years, it sees the risk/ reward as attractive. It also reckons that as investors get more conviction on the earnings trajectory, shares should re-rate through the year, with scope for earnings upgrades too.
FTSE 100 - Risers
Auto Trader Group (AUTO) 738.00p 2.41% Diageo (DGE) 2,902.50p 2.15% 3i Group (III) 2,482.00p 2.01% WPP (WPP) 795.80p 1.95% Rentokil Initial (RTO) 415.30p 1.79% Smith & Nephew (SN.) 1,113.00p 1.69% Pershing Square Holdings Ltd NPV (PSH) 3,784.00p 1.67% Convatec Group (CTEC) 243.80p 1.58% Rolls-Royce Holdings (RR.) 308.60p 1.51% Ashtead Group (AHT) 5,290.00p 1.46%
FTSE 100 - Fallers
Airtel Africa (AAF) 115.90p -3.82% Mondi (MNDI) 1,424.60p -3.21% Entain (ENT) 959.20p -2.18% BT Group (BT.A) 112.70p -1.53% Barratt Developments (BDEV) 531.60p -1.52% Smurfit Kappa Group (CDI) (SKG) 3,010.00p -1.44% Smith (DS) (SMDS) 286.60p -1.27% B&M European Value Retail S.A. (DI) (BME) 528.20p -1.09% International Consolidated Airlines Group SA (CDI) (IAG) 150.85p -1.08% Schroders (SDR) 405.00p -1.03%
Share this article
Related Sharecast Articles
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
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 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.
