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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: Compass gains on results; Airtel in the red

(Sharecast News) - London's FTSE 100 was up 1.1% at 7,321.04 in afternoon trade on Wednesday. Catering group Compass rallied after it posted a jump in first-half operating profit and revenue, lifted its revenue guidance and announced the launch of a £500m share buyback as it hailed strong growth across all sectors.

In the six months to the end of March, operating profit surged 134.5% to £673m, with revenues up 37.9% at £11.6bn.

Compass said second-quarter underlying revenues were at 99% of 2019 revenues, with the run rate now above its pre-Covid level. The company Compass upped its FY 2022 organic revenue growth guidance to around 30% from 20% to 25% previously, while margin guidance remained unchanged

On the downside, telecommunications and mobile money services company Airtel Africa was weaker after its fourth-quarter numbers missed expectations.

FTSE 100 - Risers

Compass Group (CPG) 1,660.00p 5.23% Prudential (PRU) 917.00p 3.85% Burberry Group (BRBY) 1,538.00p 3.78% Rightmove (RMV) 550.20p 3.15% Standard Chartered (STAN) 570.20p 2.85% Rio Tinto (RIO) 5,308.00p 2.81% Rolls-Royce Holdings (RR.) 80.43p 2.79% BP (BP.) 416.10p 2.75% InterContinental Hotels Group (IHG) 4,922.00p 2.71% International Consolidated Airlines Group SA (CDI) (IAG) 126.28p 2.65%

FTSE 100 - Fallers

Airtel Africa (AAF) 133.80p -4.56% Smurfit Kappa Group (CDI) (SKG) 3,188.00p -3.04% Ocado Group (OCDO) 767.40p -3.03% AstraZeneca (AZN) 9,958.00p -2.81% Endeavour Mining (EDV) 1,876.00p -2.04% Bunzl (BNZL) 2,911.00p -1.92% Halma (HLMA) 2,157.00p -1.82% Smith (DS) (SMDS) 311.20p -1.61% Admiral Group (ADM) 2,243.00p -1.58% GlaxoSmithKline (GSK) 1,724.80p -1.18%

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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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