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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: Rio boosted by broker note; Barclays in the red

(Sharecast News) - London's FTSE 100 was down 0.1% at 7,366.95 in afternoon trade on Tuesday. Rio Tinto was a top riser as Barclays lifted the shares to 'overweight' from 'neutral' after taking a more positive view on iron ore.

"More pain looks set to come in the real estate market, but manufacturing has surprised to the upside. We become more positive on pig iron output into 2024, which can support iron ore prices," the bank said.

On the downside, Barclays slid as its third-quarter headline profits beat analysts' forecasts, but the bank cut its guidance for retail banking net interest margin (NIM) for 2023. The full-year net interest margin - the difference between interest income and the amount it pays back in interest on deposits - was revised to 3.05-3.10%, from earlier guidance of 3.15-3.20%.

NatWest, Lloyds and Standard Chartered also fell.

Bunzl lost ground as it backed full-year guidance for adjusted operating profit but reported a decline in third-quarter sales and said full-year revenue was expected to be "slightly lower" than in 2022 at constant exchange rates.

FTSE 100 - Risers

Airtel Africa (AAF) 116.50p 4.02% Centrica (CNA) 158.35p 2.33% Rio Tinto (RIO) 5,001.00p 2.26% AstraZeneca (AZN) 10,306.00p 2.04% United Utilities Group (UU.) 1,029.00p 1.68% Severn Trent (SVT) 2,552.00p 1.55% SSE (SSE) 1,590.00p 1.50% Fresnillo (FRES) 533.20p 1.41% BP (BP.) 539.00p 1.28% Antofagasta (ANTO) 1,313.00p 1.23%

FTSE 100 - Fallers

Barclays (BARC) 134.34p -6.73% Bunzl (BNZL) 2,791.00p -4.22% Experian (EXPN) 2,575.00p -4.17% St James's Place (STJ) 618.80p -2.83% NATWEST GROUP (NWG) 211.40p -1.81% Endeavour Mining (EDV) 1,687.00p -1.80% 3i Group (III) 1,996.00p -1.63% Lloyds Banking Group (LLOY) 40.78p -1.52% M&G (MNG) 192.25p -1.46% Standard Chartered (STAN) 707.60p -1.37%

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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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