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.

London open: FTSE edges up as Entain, Vodafone rally

(Sharecast News) - London stocks edged higher in early trade on Monday, helped along by strong performances from Entain and Vodafone, as investors mulled the latest comments from Federal Reserve officials. At 0850 GMT, the FTSE 100 was up 0.2% at 7,588.18.

Steve Clayton, head of equity funds at Hargreaves Lansdown, said: "It is too early to be talking of rate cuts said John Williams, President of the New York Fed. That burst a few traders' bubbles, coming after a week which saw US bond yields tumbling in anticipation of rate cuts in 2024.

"Markets will be thinning out this week, ahead of the Xmas holidays and there is a relatively light corporate reporting schedule."

In equity markets, Vodafone shot higher after Iliad said it had submitted a proposal to merge their Italian businesses.

Ladbrokes owner Entain rallied after an upgrade to 'buy' at Jefferies, but British Gas owner Centrica was hit by a downgrade to 'hold' by the same outfit.

Bulmers and Magners owner C&C Group gained after saying it has appointed Andrew Andrea as chief financial officer with effect from 1 March 2024.

Games Workshop advanced as it struck an exclusive rights deal with Amazon to develop its Warhammer 40,000 game into films and television series, together with associated merchandising rights.

Speciality chemicals company Croda fell as it announced that chief financial officer Louisa Burdett will leave the group next year to join Spirax-Sarco Engineering, and said full-year pre-tax profit was set to be at the lower end of its guided £300m to £320m range.

Precious metals miner Fresnillo lost its shine after a downgrade to 'underweight' at Morgan Stanley.

Market Movers

FTSE 100 (UKX) 7,588.18 0.16% FTSE 250 (MCX) 19,156.28 -0.27% techMARK (TASX) 4,184.59 0.35%

FTSE 100 - Risers

Vodafone Group (VOD) 68.11p 5.24% Entain (ENT) 982.80p 4.71% Flutter Entertainment (CDI) (FLTR) 13,560.00p 1.16% St James's Place (STJ) 684.60p 1.03% GSK (GSK) 1,433.00p 0.97% Rolls-Royce Holdings (RR.) 292.80p 0.93% BP (BP.) 461.90p 0.88% Standard Chartered (STAN) 648.20p 0.87% BAE Systems (BA.) 1,067.00p 0.85% Rio Tinto (RIO) 5,741.00p 0.75%

FTSE 100 - Fallers

Fresnillo (FRES) 550.80p -5.94% Centrica (CNA) 138.85p -2.08% Ocado Group (OCDO) 708.40p -2.02% Spirax-Sarco Engineering (SPX) 10,115.00p -1.80% Rentokil Initial (RTO) 419.80p -1.69% Berkeley Group Holdings (The) (BKG) 4,790.00p -1.62% WPP (WPP) 738.60p -1.60% Croda International (CRDA) 4,985.00p -1.48% Unite Group (UTG) 1,029.00p -1.34% International Consolidated Airlines Group SA (CDI) (IAG) 157.55p -1.22%

FTSE 250 - Risers

IP Group (IPO) 55.00p 5.16% C&C Group (CDI) (CCR) 148.40p 2.77% Indivior (INDV) 1,163.00p 2.29% Petershill Partners (PHLL) 159.60p 2.18% Games Workshop Group (GAW) 9,995.00p 2.09% Energean (ENOG) 961.00p 1.75% Paragon Banking Group (PAG) 638.00p 1.67% Hochschild Mining (HOC) 101.40p 1.30% NextEnergy Solar Fund Limited Red (NESF) 86.55p 1.23% Currys (CURY) 50.60p 1.10%

FTSE 250 - Fallers

Trustpilot Group (TRST) 138.10p -5.35% NCC Group (NCC) 122.00p -3.79% Bakkavor Group (BAKK) 81.20p -3.33% Discoverie Group (DSCV) 744.00p -3.25% Sequoia Economic Infrastructure Income Fund Limited (SEQI) 82.50p -2.48% Keller Group (KLR) 800.00p -2.44% Moonpig Group (MOON) 166.10p -2.35% Bellevue Healthcare Trust (Red) (BBH) 144.80p -2.16% Hipgnosis Songs Fund Limited NPV (SONG) 68.60p -2.14% RHI Magnesita N.V. (DI) (RHIM) 3,346.00p -1.99%

Share this article

Related Sharecast Articles

London close: Stocks push ahead as airlines lead gains
(Sharecast News) - UK stocks finished firmly in positive territory on Thursday despite a brief dip in afternoon trade, as falling oil prices and a return in risk appetite helped equity markets higher following the recent sell-off.
London close: Stocks push ahead as airlines lead gains
(Sharecast News) - UK stocks finished firmly in positive territory on Thursday despite a brief dip in afternoon trade, as falling oil prices and a return in risk appetite helped equity markets higher following the recent sell-off.
Director dealings: Blue Coast raises stake in Everyman Media
(Sharecast News) - Everyman Media revealed on Thursday that Blue Coast had acquired 50,000 ordinary shares in the AIM-listed cinema group.
Broker tips: Haleon, Warpaint, Deliveroo
(Sharecast News) - HSBC initiated coverage of Haleon on Thursday with a 'buy' rating and 370.0p price target as it took a look at consumer health stocks, saying the company stands out for its portfolio strength, the quality of its execution and better potential for exploiting new growth avenues.

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.