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: Vodafone in the black; 3i Group slumps
(Sharecast News) - London's FTSE 100 was up 0.4% at 8,390.26 in afternoon trade on Thursday. Vodafone was in the black ahead of full-year results next Tuesday.
Matt Britzman, equity analyst at Hargreaves Lansdown, said: "Vodafone's recent third-quarter results provided some optimism for investors to cling to, but wider issues remain. With the sales of both the Spanish and Italian businesses, Vodafone needs to reset expectations.
"Management has already warned investors that the dividend will be halved for the coming year, given the smaller operation. Next week's full-year results and guidance for the coming year should shed light on what the leaner organisation will be able to deliver.
"The key German market is a perfect example of the challenges at hand. After more than €20bn of investment, growing service revenue and customer numbers is proving a challenge. The market will be keen to hear any updates on current regulatory changes that mean Vodafone needs to recontract over 8.5mn customers (circa €800mn in revenue).
"The portfolio reshuffle and its increased focus on better-performing assets look like positive evolutions. But, with growth hard to come by, markets will need to see sustained progress before getting too excited."
On the downside, 3i Group lost ground despite hailing "strong" full-year results supported by resilient growth in its portfolio companies, as its total return for the year declined to £3.9bn from £4.6bn.
HSBC and Admiral both fell as they traded without entitlement to the dividend.
BA and Iberia owner IAG flew lower ahead of first-quarter results on Friday.
FTSE 100 - Risers
Phoenix Group Holdings (PHNX) 520.50p 2.36% Ocado Group (OCDO) 353.80p 2.28% JD Sports Fashion (JD.) 119.40p 2.23% Vodafone Group (VOD) 68.74p 1.78% BT Group (BT.A) 106.25p 1.48% Rightmove (RMV) 568.40p 1.36% Taylor Wimpey (TW.) 142.70p 1.35% Reckitt Benckiser Group (RKT) 4,606.00p 1.30% Severn Trent (SVT) 2,606.00p 1.24% United Utilities Group (UU.) 1,099.50p 1.24%
FTSE 100 - Fallers
3i Group (III) 2,840.00p -4.51% HSBC Holdings (HSBA) 693.30p -3.82% Melrose Industries (MRO) 595.80p -1.59% Admiral Group (ADM) 2,738.00p -1.26% Pearson (PSON) 1,003.50p -1.13% Smith & Nephew (SN.) 998.80p -0.86% Spirax-Sarco Engineering (SPX) 9,080.00p -0.82% International Consolidated Airlines Group SA (CDI) (IAG) 182.50p -0.82% InterContinental Hotels Group (IHG) 7,824.00p -0.81% Flutter Entertainment (DI) (FLTR) 15,935.00p -0.78%
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.
