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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: Intertek rallies on update; Kingfisher under pressure

(Sharecast News) - London's FTSE 100 was flat at 7,467.35 in afternoon trade on Thursday. Testing, inspection and certification company Intertek rallied as it posted a jump in revenue, hailing robust demand for its ATIC Solutions business and a recovery in China.

In an update for the period from 1 January to end of October, the group said total revenues rose 9% at constant currency, driven by like-for-like revenue growth of 5.2% and the performance of its three recent acquisitions contributing £120m of revenue.

On the downside, Imperial Brands, Vodafone, National Grid and British Land all fell as they traded without entitlement to the dividend.

B&Q owner Kingfisher was under the cosh as it narrowed its full-year profit guidance despite an improvement in third-quarter sales amid strong demand for energy efficiency products.

FTSE 100 - Risers

Intertek Group (ITRK) 3,983.00p 3.19% SEGRO (SGRO) 839.40p 2.87% Intermediate Capital Group (ICP) 1,233.50p 2.62% United Utilities Group (UU.) 1,076.50p 2.33% Rolls-Royce Holdings (RR.) 90.34p 2.18% Associated British Foods (ABF) 1,593.50p 2.15% Airtel Africa (AAF) 119.50p 1.88% NATWEST GROUP (NWG) 259.00p 1.85% Severn Trent (SVT) 2,842.00p 1.75% Unite Group (UTG) 958.50p 1.75%

FTSE 100 - Fallers

Imperial Brands (IMB) 2,106.00p -3.62% Vodafone Group (VOD) 92.46p -2.32% London Stock Exchange Group (LSEG) 8,066.00p -2.02% Kingfisher (KGF) 248.50p -2.01% National Grid (NG.) 1,015.00p -1.65% British Land Company (BLND) 408.70p -1.52% RS Group (RS1) 963.50p -1.23% Smiths Group (SMIN) 1,599.00p -1.20% Bunzl (BNZL) 3,052.00p -1.01% AstraZeneca (AZN) 10,886.00p -1.00%

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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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