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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: Oil majors rally; Severn Trent goes ex-div

(Sharecast News) - London's FTSE 100 was up 0.6% at 7,465.55 in afternoon trade on Thursday. BP and Shell were among the top performers as oil prices gained ahead of the OPEC+ meeting.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: "Brent crude is hovering at $83 dollars a barrel, following climbs sparked by anticipation of what the OPEC meeting will bring.

"There is speculation that addition cuts of up to one million barrels a day could be on the cards to help put a floor under crude prices. Saudi Arabia has been pushing for reductions to quotas but has met with some resistance from other members particularly in Africa."

Papers and packaging groups Smurfit Kappa and DS Smith were high risers.

On the downside, Severn Trent lost ground as it traded without entitlement to the dividend.

FTSE 100 - Risers

Smurfit Kappa Group (CDI) (SKG) 2,986.00p 3.97% BP (BP.) 485.70p 2.91% Smith (DS) (SMDS) 291.70p 2.64% Ocado Group (OCDO) 609.00p 2.59% Rolls-Royce Holdings (RR.) 270.00p 2.51% WPP (WPP) 716.80p 1.96% Shell (SHEL) 2,600.50p 1.84% Standard Chartered (STAN) 651.80p 1.78% GSK (GSK) 1,425.00p 1.71% Hargreaves Lansdown (HL.) 721.40p 1.55%

FTSE 100 - Fallers

Severn Trent (SVT) 2,630.00p -3.17% United Utilities Group (UU.) 1,111.00p -1.24% Airtel Africa (AAF) 111.10p -0.63% Rentokil Initial (RTO) 432.30p -0.53% Associated British Foods (ABF) 2,377.00p -0.46% IMI (IMI) 1,572.00p -0.44% 3i Group (III) 2,222.00p -0.40% Beazley (BEZ) 548.50p -0.36% Entain (ENT) 798.00p -0.27% Hikma Pharmaceuticals (HIK) 1,718.50p -0.23%

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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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