Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 100 movers: Hargreaves loses ground; BT rallies
(Sharecast News) - London's FTSE 100 was down 1.7% at 7,221.57 in afternoon trade on Thursday amid worries about a global growth slowdown. Tech-heavy Scottish Mortgage Investment Trust was under pressure. Russ Mould, investment director at AJ Bell, said: "Investors feared portfolio company valuations would be worth less based on discounted cash flow models because of rising interest rates.
"Once seen as a superstar vehicle for the world's next big things in the world of business, Scottish Mortgage has lost its shine big time. Its share price is down 43% year-to-date and has more than halved in value since last November's peak."
Hargreaves Lansdown slumped after the investment platform reported a drop in assets under management and net new business for the four months to 30 April.
Miners were also under the cosh amid worries about growth, with Glencore, Antofagasta and Anglo American all down.
On the upside, BT rallied as the telecoms and broadcasting group said it was moving its sports TV division into a 50-50 joint venture with Warner Bros Discovery and reported a small rise in adjusted annual core earnings after revenue fell 2%.
Retailer JD Sports gained as it said like-for-like sales were more than 5% higher year-on-year, driven by both the "strength and breadth" of its brand relationships and category offerings.
Coca-Cola HBC fizzed higher as it hailed a strong performance in the first quarter despite a "turbulent environment".
FTSE 100 - Risers
BT Group (BT.A) 183.45p 3.97% JD Sports Fashion (JD.) 123.25p 3.66% Coca-Cola HBC AG (CDI) (CCH) 1,642.00p 2.75% Associated British Foods (ABF) 1,623.50p 0.96% Unilever (ULVR) 3,717.50p 0.73% Next (NXT) 6,250.00p 0.58% Compass Group (CPG) 1,697.00p 0.18% Vodafone Group (VOD) 119.02p 0.13% B&M European Value Retail S.A. (DI) (BME) 457.20p -0.24% Reckitt Benckiser Group (RKT) 6,366.00p -0.25%
FTSE 100 - Fallers
Fresnillo (FRES) 694.40p -10.19% Ocado Group (OCDO) 704.20p -7.85% Scottish Mortgage Inv Trust (SMT) 719.80p -7.81% Glencore (GLEN) 444.70p -6.58% Endeavour Mining (EDV) 1,813.00p -6.40% Hargreaves Lansdown (HL.) 839.00p -6.15% Antofagasta (ANTO) 1,317.00p -6.10% Anglo American (AAL) 3,240.50p -4.62% International Consolidated Airlines Group SA (CDI) (IAG) 120.36p -4.52% Flutter Entertainment (CDI) (FLTR) 8,126.00p -4.35%
Share this article
Related Sharecast Articles
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.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
