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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: IAG flies higher on results; IMI in the red

(Sharecast News) - London's FTSE 100 was down 0.1% at 7,682.61 in afternoon trade on Friday. British Airways and Iberia owner IAG surged after it posted a record first-half profit as it hailed a strong performance across the group.

In the six months to 30 June, the company swung to an operating profit before exceptional items of €1.3bn from a loss of €466m in the same period a year earlier. IAG pointed to sustained strong demand across the network, and a particularly strong showing from the Spanish business.

Total revenue rose to €13.6m during the half from €9.4m.

Pharmaceuticals giant AstraZeneca gained sharply as its second-quarter results beat estimates.

StanChart rallied as it lifted annual guidance and launched a $1bn share buyback after first-half profits rose 20% on the back of soaring interest rates.

NatWest edged up as it reported better-than-expected interim profits only days after it was rocked by the resignation of chief executive Alison Rose over the leaking of details of Nigel Farage.

The bank posted pre-tax profit of £3.6bn, up from £2.6bn a year earlier and better than the £3.3bn estimated by analysts. It also announced a £500m share buyback.

Intertek rose after results, while IMI fell.

FTSE 100 - Risers

International Consolidated Airlines Group SA (CDI) (IAG) 163.45p 5.49% AstraZeneca (AZN) 11,148.00p 4.19% Standard Chartered (STAN) 737.80p 4.00% NATWEST GROUP (NWG) 247.00p 2.96% Intertek Group (ITRK) 4,380.00p 2.55% Airtel Africa (AAF) 116.40p 2.46% Rolls-Royce Holdings (RR.) 193.35p 1.98% Ocado Group (OCDO) 967.00p 1.51% Unilever (ULVR) 4,224.00p 1.04% BAE Systems (BA.) 930.80p 1.02%

FTSE 100 - Fallers

St James's Place (STJ) 954.80p -3.89% Admiral Group (ADM) 2,205.00p -3.03% IMI (IMI) 1,600.00p -2.74% Aviva (AV.) 389.70p -2.43% Anglo American (AAL) 2,369.00p -2.39% Kingfisher (KGF) 246.50p -2.30% Beazley (BEZ) 561.00p -2.09% Rio Tinto (RIO) 5,109.00p -2.00% DCC (CDI) (DCC) 4,526.00p -1.86% Legal & General Group (LGEN) 233.30p -1.81%

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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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