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: Frasers gains on buyback; GSK loses ground

(Sharecast News) - London's FTSE 100 was up 0.1% at 7,577.51 in afternoon trade on Monday. Frasers Group rallied after saying it would start an £80m share buyback up to April 28.

In a short statement, the owner of Sports Direct and House of Fraser said the buyback of up to 10 million shares would be used to reduce its share capital.

Anglo American was also in the black after it said that it and Finnish Minerals Group have signed a memorandum of understanding to work together to explore opportunities to further support Finland's battery strategy.

Finnish Minerals Group is a holding and development company that manages the Finnish Government's mining industry shareholdings and supports the development of the Finnish battery value chain.

GSK lost ground even as it announced that bepirovirsen, an investigational antisense oligonucleotide (ASO) aimed at treating chronic hepatitis B (CHB), had been granted fast track designation by the US Food and Drug Administration (FDA).

FTSE 100 - Risers

Ocado Group (OCDO) 536.20p 4.48% Frasers Group (FRAS) 817.00p 4.28% Burberry Group (BRBY) 1,317.00p 3.62% Fresnillo (FRES) 493.90p 3.61% Land Securities Group (LAND) 642.00p 2.16% Endeavour Mining (EDV) 1,312.00p 2.02% Anglo American (AAL) 1,732.80p 1.77% Entain (ENT) 1,027.00p 1.63% Next (NXT) 8,344.00p 1.48% International Consolidated Airlines Group SA (CDI) (IAG) 145.80p 1.39%

FTSE 100 - Fallers

Rolls-Royce Holdings (RR.) 308.70p -2.96% NATWEST GROUP (NWG) 206.60p -1.95% AstraZeneca (AZN) 9,579.00p -1.86% Melrose Industries (MRO) 592.80p -1.69% Croda International (CRDA) 4,906.00p -1.29% Sage Group (SGE) 1,177.50p -1.13% Intertek Group (ITRK) 4,420.00p -1.05% GSK (GSK) 1,644.00p -0.96% Compass Group (CPG) 2,211.00p -0.72% Diageo (DGE) 2,879.00p -0.71%

Share this article

Related Sharecast Articles

Asia report: Most markets rise as yen falls back
(Sharecast News) - Asian markets saw a mixed day of trading on Tuesday, as investors navigated between positive cues from Wall Street and cautious sentiment surrounding China's factory activity.
Europe open: Shares in cautious mood ahead of EZ data
(Sharecast News) - European markets opened lower on Tuesday ahead of eurozone data and amid another dump of corporate earnings and update news.
London open: FTSE gains as investors eye Fed meeting; HSBC rallies
(Sharecast News) - London stocks rose in early trade on Tuesday, helped along by solid performances from the likes of HSBC and Coca-Cola HBC, as investors eyed the start of the Federal Reserve's two-day policy meeting.
London pre-open: Stocks seen up as investors eye Fed
(Sharecast News) - London stocks were set to rise at the open on Tuesday following a positive US close, as investors eyed the start of the latest Federal Reserve policy meeting.

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.