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: Segro boosted by upgrade; Endeavour in the red

(Sharecast News) - London's FTSE 100 was up 0.4% at 7,489.02 in afternoon trade on Monday. Ladbrokes owner Entain rallied after La Francaise des Jeux made a €2.45bn offer for Swedish online gaming firm Kindred.

Segro gained as Citi upgraded the shares to 'buy' from 'neutral', saying it estimates that as rates decline, the risk to its previous estimates of deep recession rent declines reverses and it now expects growth.

"Combined with lower debt and bond yield forecasts, our estimates of a circa 20% decline in asset value reverses to circa 15% growth, significantly increasing our forward net asset value estimates," the bank said.

"Downside risk in the real estate sector has eased but has not been eliminated so our upgrade of Segro is a cautions way to increase investment risk in the real estate sector, while offering downside protection should conditions deteriorate back towards our deeper recession view."

Endeavour Mining fell after saying it achieved production guidance in 2023 but that costs were higher than expected.

FTSE 100 - Risers

Entain (ENT) 943.40p 2.90% Persimmon (PSN) 1,479.50p 2.89% JD Sports Fashion (JD.) 114.15p 2.61% Auto Trader Group (AUTO) 729.40p 2.33% DCC (CDI) (DCC) 5,742.00p 2.32% Barratt Developments (BDEV) 535.00p 2.10% Pershing Square Holdings Ltd NPV (PSH) 3,692.00p 1.99% SEGRO (SGRO) 844.40p 1.91% Rightmove (RMV) 538.60p 1.85% NATWEST GROUP (NWG) 211.80p 1.83%

FTSE 100 - Fallers

Endeavour Mining (EDV) 1,348.00p -2.53% Glencore (GLEN) 402.40p -2.40% Rio Tinto (RIO) 5,266.00p -2.10% Anglo American (AAL) 1,749.20p -1.38% Reckitt Benckiser Group (RKT) 5,516.00p -1.15% Haleon (HLN) 324.85p -1.11% SSE (SSE) 1,737.50p -1.11% BAE Systems (BA.) 1,162.50p -0.98% Smurfit Kappa Group (CDI) (SKG) 2,892.00p -0.96% GSK (GSK) 1,550.20p -0.86%

Share this article

Related Sharecast Articles

Asia report: Markets fall amid fresh Middle East unrest
(Sharecast News) - Markets across the Asia-Pacific region saw a notable downturn on Friday, following news of a limited strike by Israel in Iran.
Europe open: Shares fall as Israel attacks Iran; Oil, gold rise
(Sharecast News) - European stocks tumbled at the open on Friday after Israel launched an attack on Iran in the latest escalation of hostilities between the two since Tel Aviv attacked the Iranian consulate in Syria.
London pre-open: Sharp falls expected after Israel retaliates
(Sharecast News) - UK stocks are expected to drop sharply on Friday morning after a flare-up of tensions in the Middle East.
US close: Stocks finish mostly lower as bond yields climb
(Sharecast News) - US stocks were mostly lower on Thursday with the S&P 500 and Nasdaq falling for the fifth straight day as another rise in bond yields dampened risk appetite

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.