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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: 3i Group rallies on results; Hikma goes ex-div

(Sharecast News) - London's FTSE 100 was 2% higher at 7,889.97 in afternoon trade on Thursday.

3i Group was among the top performers as it said in its third-quarter results that its largest portfolio company, the Benelux discount retailer Action, recorded notable growth in the 2023 financial year.

Net sales reached €11.32bn and operating EBITDA hit €1.62bn, marking a 28% and 34% increase, respectively, compared to 2022.

Shares in fashion retailer Next jumped as it held guidance for 2024 after posting a better-than-expected 5% rise in annual profits and flagged lower prices for customers this year.

The company said it still expected pre-tax earnings of £960m, based on a 2.5% increase in full price sales.

Total sales for the year to January 2024 rose 6% to £5.8bn, while pre-tax profit of £918m beat an already upgraded forecast of £915m.

On the downside, Hikma, British American Tobacco and Schroders all lost ground as they traded without entitlement to the dividend.

FTSE 100 - Risers

St James's Place (STJ) 457.00p 9.25% 3i Group (III) 2,748.00p 8.83% Anglo American (AAL) 1,953.60p 7.26% Airtel Africa (AAF) 96.65p 6.56% Halma (HLMA) 2,346.00p 6.25% JD Sports Fashion (JD.) 117.30p 6.11% Melrose Industries (MRO) 658.20p 6.02% Ocado Group (OCDO) 488.30p 5.90% Next (NXT) 8,972.00p 5.83% Croda International (CRDA) 4,996.00p 5.76%

FTSE 100 - Fallers

Hikma Pharmaceuticals (HIK) 1,865.00p -2.51% Burberry Group (BRBY) 1,201.00p -2.36% Smith & Nephew (SN.) 1,033.50p -2.32% Prudential (PRU) 762.60p -2.31% British American Tobacco (BATS) 2,364.50p -1.97% Reckitt Benckiser Group (RKT) 4,291.00p -1.76% Centrica (CNA) 126.00p -1.75% Schroders (SDR) 377.00p -0.92% Unilever (ULVR) 3,895.50p -0.85% B&M European Value Retail S.A. (DI) (BME) 529.00p -0.56%

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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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