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: Intertek rallies on results; Ashtead slumps
(Sharecast News) - London's FTSE 100 was flat at 7,639.42 in afternoon trade on Tuesday. Intertek rallied as it posted a jump in full-year 2023 profit and said it expects a "robust" performance in 2024.
Fresnillo shone as the Mexico-focused precious metals miner celebrated a "sound operating performance" in 2023 despite profits dropping by more than a half. Both Fresnillo and Endeavour benefited from a surge in gold prices to record highs.
On the downside, equipment rental firm Ashtead slumped as it said that full-year group revenues will expand at the low end of its guidance as a result of the previously disclosed slowdown in North America.
Miners Antofagasta and Rio Tinto were under the cosh as investors were left disappointed after China failed to announce any fresh stimulus measures.
China set a growth target of "around 5%" for this year. It also announced the issuance of "ultra-long" special bonds for major projects, according to a government work report.
However, Richard Hunter, head of markets at Interactive Investor, said "the absence of any measures designed to bolster the economy in terms of stimulus was poorly received, putting pressure on the local markets".
He added: "The weakness in pockets of the economy, most notably the beleaguered property sector, is well-known and it increasingly appears that the authorities are content for natural economic growth to override any shorter term fiscal boosts to repair the economy."
Asia-focused Prudential was also in the red.
FTSE 100 - Risers
Intertek Group (ITRK) 4,918.00p 6.43% Marks & Spencer Group (MKS) 241.00p 4.69% Endeavour Mining (EDV) 1,416.00p 3.51% Fresnillo (FRES) 485.80p 2.04% Weir Group (WEIR) 1,884.00p 1.73% BAE Systems (BA.) 1,277.50p 1.39% Ocado Group (OCDO) 451.00p 1.35% Glencore (GLEN) 385.15p 1.30% SSE (SSE) 1,645.00p 1.26% Intermediate Capital Group (ICP) 1,965.50p 1.24%
FTSE 100 - Fallers
Ashtead Group (AHT) 5,348.00p -6.63% Antofagasta (ANTO) 1,798.50p -2.15% Prudential (PRU) 758.00p -1.92% International Consolidated Airlines Group SA (CDI) (IAG) 142.20p -1.80% Hikma Pharmaceuticals (HIK) 1,917.50p -1.72% Barratt Developments (BDEV) 470.70p -1.63% Persimmon (PSN) 1,377.50p -1.61% Rio Tinto (RIO) 5,015.00p -1.47% RS Group (RS1) 742.40p -1.38% Croda International (CRDA) 4,731.00p -1.27%
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.
