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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: CRH rallies; Rio loses ground

(Sharecast News) - London's FTSE 100 was down 0.1% at 7,597.12 in afternoon trade on Wednesday. Building materials group CRH rallied after it reported a positive start to the year, with group like-for-like sales up 13% in the first quarter and first-half sales, EBITDA and margin set to be ahead of the prior year. The company said sales growth and performance were supported by improved activity levels and the continued execution of its integrated solutions strategy.

On the downside, Anglo-Australian mining giant Rio Tinto lost ground after it reported lower-than-expected iron ore shipments in the first quarter as it warned of inflationary risk, a resurgence of Covid lockdowns in China and the impact of a prolonged Russia-Ukraine war. Miners more generally were under pressure, with Glencore and Anglo American also down as copper prices fell.

Hikma fell despite saying that it has received preliminary approval from the US Federal Trade Commission for the acquisition of sterile injectables company Custopharm Inc from Water Street Healthcare for up to $425m.

FTSE 100 - Risers

CRH (CDI) (CRH) 3,149.00p 3.69% Experian (EXPN) 2,806.00p 3.50% Coca-Cola HBC AG (CDI) (CCH) 1,625.00p 3.40% Ashtead Group (AHT) 4,737.00p 3.16% Intermediate Capital Group (ICP) 1,661.00p 2.88% Lloyds Banking Group (LLOY) 46.63p 2.79% Ferguson (FERG) 10,520.00p 2.63% M&G (MNG) 215.10p 2.62% SSE (SSE) 1,831.00p 2.58% Melrose Industries (MRO) 124.50p 2.51%

FTSE 100 - Fallers

Glencore (GLEN) 512.60p -4.29% Rio Tinto (RIO) 5,905.00p -3.86% Anglo American (AAL) 4,004.50p -3.62% Ocado Group (OCDO) 1,111.00p -2.80% ITV (ITV) 72.30p -2.61% Pershing Square Holdings Ltd NPV (PSH) 2,890.00p -2.36% Vodafone Group (VOD) 127.62p -2.12% Tesco (TSCO) 265.30p -1.85% Hikma Pharmaceuticals (HIK) 2,044.00p -1.78% Fresnillo (FRES) 783.40p -1.58%

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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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