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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: Phoenix Group boosted by upgrade; Aviva slumps

(Sharecast News) - London's FTSE 100 was up 0.3% at 7,442.61 in afternoon trade on Monday. Phoenix Group was boosted by a rating upgrade at Goldman Sachs.

Aviva slumped due to a share consolidation and after a downgrade to 'neutral' by Goldman Sachs.

Rolls-Royce was in the red as JPMorgan reiterated its 'underweight' rating on the engine maker. It said the company's capital markets day only focused on the civil aero division. "We have concerns on the strategy RR is pursuing via its 'New Markets' division," JPM said.

"Due to higher customer advances in the EV our sum-of-the-parts-based Dec-23 price target drops to 70p from 75p."

FTSE 100 - Risers

Fresnillo (FRES) 750.20p 3.70% Glencore (GLEN) 475.25p 3.01% Phoenix Group Holdings (PHNX) 633.60p 2.72% Informa (INF) 552.60p 2.14% Antofagasta (ANTO) 1,377.00p 2.11% Sainsbury (J) (SBRY) 243.80p 2.09% Prudential (PRU) 980.00p 2.08% Anglo American (AAL) 3,373.00p 2.07% Tesco (TSCO) 286.30p 1.81% BAE Systems (BA.) 754.40p 1.78%

FTSE 100 - Fallers

Aviva (AV.) 389.30p -27.52% Smith (DS) (SMDS) 303.70p -3.46% Scottish Mortgage Inv Trust (SMT) 778.20p -3.43% Rolls-Royce Holdings (RR.) 81.37p -2.96% Smurfit Kappa Group (CDI) (SKG) 3,113.00p -2.84% RS Group (RS1) 898.00p -2.60% Ashtead Group (AHT) 3,870.00p -2.49% CRH (CDI) (CRH) 3,120.00p -2.47% Spirax-Sarco Engineering (SPX) 10,950.00p -2.10% Halma (HLMA) 2,175.00p -1.94%

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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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