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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.

London pre-open: Stocks seen in festive mood before Christmas

(Sharecast News) - London stocks were set to rise at the open on Friday despite a slip on Wall Street overnight amid interest rate worries as traders got ready to take off for the Christmas break.

The FTSE 100 was called to open up around 16 points at 7,477.

Unsurprisingly there was little corporate news to drive sentiment with the market closing at 1230 GMT.

UK renewables income fund Bluefield Solar has bought a 46.4 megawatt solar portfolio from North America's Fengate Asset Management.

Bluefield said the enterprise value of the portfolio is £56m, including the economic benefit of all cashflows from May 2022. The portfolio contains £27.3m of long-term amortising debt provided by Australian private equity outfit Macquarie.

Auto distributor Inchcape said Peruvian authorities had cleared its planned £1.3bn takeover of Derco, with completion of the deal expected to take place by the end of the year.

The green-light follows approval from Inchcape's shareholders last week. Derco is the biggest automotive distributor in Latin America and runs sites in Chile, Peru, Colombia and Bolivia.

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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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