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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: United Utilities, BAE Systems gain

(Sharecast News) - London's FTSE 100 was down 0.6% at 7,560.77 in afternoon trade on Monday. United Utilities gained as it unveiled its plans for the 2025-2030 period, projecting expenditure of £13.7bn, leading to 8.7% yearly growth in regulated capital value.

The plan will support 30,000 jobs in the north west, including 7,000 new positions, and provide affordability schemes worth £525m, aiding over one-sixth of its customers.

BAE Systems rose as the defence contractor was awarded £3.95bn of funding by the Ministry of Defence for the next phase of the UK's next-generation nuclear-powered attack submarine programme, known as SSN-AUKUS.

The shares were also boosted by an upgrade to 'buy' from 'hold' at Berenberg. It said the upgrade reflects "signs of a pivot in capital allocation towards strategic M&A, in addition to maintaining appropriate returns to shareholders, and our expectation that BAE will deliver a 10% EPS CAGR over 2023-27".

Antofagasta was higher after Citi lifted its stance on shares of the Chilean copper miner to 'buy' on volume recovery potential and valuation.

FTSE 100 - Risers

United Utilities Group (UU.) 965.00p 1.77% Severn Trent (SVT) 2,400.00p 1.48% InterContinental Hotels Group (IHG) 6,154.00p 1.32% Vodafone Group (VOD) 77.55p 0.95% BAE Systems (BA.) 1,006.50p 0.87% International Consolidated Airlines Group SA (CDI) (IAG) 149.15p 0.78% Entain (ENT) 939.80p 0.75% Antofagasta (ANTO) 1,439.50p 0.73% Haleon (HLN) 343.25p 0.70% Airtel Africa (AAF) 126.40p 0.64%

FTSE 100 - Fallers

Diploma (DPLM) 2,924.00p -2.66% Rentokil Initial (RTO) 594.00p -2.65% Beazley (BEZ) 539.50p -2.53% RS Group (RS1) 719.80p -2.12% Hargreaves Lansdown (HL.) 758.20p -1.94% St James's Place (STJ) 817.00p -1.83% Smith & Nephew (SN.) 1,004.50p -1.81% 3i Group (III) 2,037.00p -1.74% Kingfisher (KGF) 219.60p -1.66% Prudential (PRU) 874.20p -1.64%

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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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