Skip Header
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: Experian, St James's Place rally

(Sharecast News) - London's FTSE 100 was up 0.7% at 7,491.17 in afternoon trade on Wednesday. Experian jumped as the data services specialist and consumer credit ratings firm delivered a solid set of first-half results with all regions contributing positively to growth, and reiterated its guidance for the full year.

Analysts at Shore Capital said that after the recent warning from sector peer TransUnion, which last month reported weak quarterly figures and cut its full-year outlook, Experian's results "will come as a relief to many".

St James's Place rallied after the wealth manager defended a decision not to cut share awards for top bosses last year despite a drop in its share price.

Anglo American was higher as JPMorgan Cazenove reiterated its 'overweight' rating on shares of the miner after it agreed to buy 77% of Teck Resources' metallurgical coal business, Elk Valley Resources, for $6.93bn.

JPM said the acquisition underscores Anglo's discount to peers and opportunity to crystallise value.

"For Anglo American, although this likely removes Glencore as a potentially interested party in AAL's Met Coal assets, it underscores our belief that further met coal M&A is likely if the steel sector views coking coal supply security as a critical long-term concern," the bank said.

"It also highlights a potential opportunity for AAL to crystallise value through further reducing its coal exposure (thermal coal exited in 2021)."

FTSE 100 - Risers

Experian (EXPN) 2,835.00p 5.74% St James's Place (STJ) 698.40p 5.72% Glencore (GLEN) 467.35p 3.86% Anglo American (AAL) 2,208.50p 3.03% International Consolidated Airlines Group SA (CDI) (IAG) 158.45p 2.96% Hargreaves Lansdown (HL.) 763.40p 2.77% Scottish Mortgage Inv Trust (SMT) 729.80p 2.70% Smurfit Kappa Group (CDI) (SKG) 2,866.00p 2.58% Endeavour Mining (EDV) 1,699.00p 2.29% Prudential (PRU) 943.40p 2.14%

FTSE 100 - Fallers

Ocado Group (OCDO) 536.60p -4.96% B&M European Value Retail S.A. (DI) (BME) 546.20p -2.08% Pearson (PSON) 953.80p -1.10% Sainsbury (J) (SBRY) 266.00p -1.08% Diploma (DPLM) 3,008.00p -1.05% Tesco (TSCO) 275.90p -0.97% Vodafone Group (VOD) 72.45p -0.90% CRH (CDI) (CRH) 4,868.00p -0.90% DCC (CDI) (DCC) 5,210.00p -0.72% Unite Group (UTG) 996.00p -0.70%

Share this article

Related Sharecast Articles

Asia report: Markets fall as investors digest wave of China data
(Sharecast News) - Asia-Pacific markets were primarily in the red on Monday, as investors digested key economic data from China.
London open: Stocks gain as investors eye CPI, BoE decision
(Sharecast News) - London stocks rose in early trade on Monday as investors eyed a key UK inflation reading and the latest policy announcement from the Bank of England later in the week.
Europe open: Shares up as Sampo bid for Topdanmark in focus
(Sharecast News) - European shares opened higher on Monday as investors digested mixed economic data from China and a $4.7bn bid for Topdanmark from Finnish insurer Sampo.
London pre-open: Stocks seen up as investors mull house price data
(Sharecast News) - London stocks were set to rise at the open on Monday following losses at the end of last week, as political uncertainty in France sent European markets tumbling.

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.