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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: Housebuilders gain after inflation; utilities fall

(Sharecast News) - London's FTSE 100 was up 0.8% at 7,569.83 in afternoon trade on Wednesday. Coca-Cola HBC was the standout gainer on the top-flight index after it posted record profits for last year driven by surging sales and volumes for sparkling drinks and coffee combined with costs easing in the second half.

Housebuilders Persimmon, Taylor Wimpey and Barratt Developments also gained as the latest ONS data showed that UK inflation was steady in January and lower than expected, taking pressure off the Bank of England to keep rates higher for longer.

On the downside, United Utilities and Severn Trent were both in the red after trading updates.

FTSE 100 - Risers

Coca-Cola HBC AG (CDI) (CCH) 2,378.00p 7.80% Vodafone Group (VOD) 67.33p 4.96% Persimmon (PSN) 1,417.50p 4.11% BT Group (BT.A) 105.95p 3.57% JD Sports Fashion (JD.) 108.45p 2.84% Ocado Group (OCDO) 533.40p 2.66% Melrose Industries (MRO) 604.00p 2.55% Taylor Wimpey (TW.) 145.00p 2.51% NATWEST GROUP (NWG) 209.40p 2.45% Barratt Developments (BDEV) 477.50p 2.45%

FTSE 100 - Fallers

Entain (ENT) 936.80p -3.80% Anglo American (AAL) 1,722.60p -1.90% United Utilities Group (UU.) 1,014.00p -1.22% Glencore (GLEN) 388.55p -1.06% Centrica (CNA) 134.30p -0.92% Endeavour Mining (EDV) 1,272.00p -0.78% Severn Trent (SVT) 2,481.00p -0.56% Reckitt Benckiser Group (RKT) 5,686.00p -0.46% Fresnillo (FRES) 470.60p -0.25% Standard Chartered (STAN) 576.40p -0.21%

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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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