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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: JD Sports slumps on CFO departure; banks fall

(Sharecast News) - London's FTSE 100 was down 0.8% at 6,830.55 in afternoon trade on Wednesday. JD Sports Fashion tumbled after the sportwear retailer said chief financial officer Neil Greenhalgh plans to step down next year.

Housebuilder Barratt Developments suffered heavy losses as it said new home sales were falling as higher costs and fewer mortgages amid the cost-of-living crisis were deterring customers.

"The outlook for the year is less certain with the availability and pricing of mortgages critical to the long-term health of the UK housing market," Barratt said.

Peers Persimmon and Taylor Wimpey also lost ground.

Banks were under the cosh, with Lloyds, Barclays and NatWest all lower.

FTSE 100 - Risers

Pershing Square Holdings Ltd NPV (PSH) 2,665.00p 1.14% Scottish Mortgage Inv Trust (SMT) 746.40p 1.14% AstraZeneca (AZN) 9,925.00p 1.02% Spirax-Sarco Engineering (SPX) 10,560.00p 1.00% Croda International (CRDA) 6,570.00p 0.83% Dechra Pharmaceuticals (DPH) 2,578.00p 0.70% Bunzl (BNZL) 2,682.00p 0.68% Centrica (CNA) 69.82p 0.66% Burberry Group (BRBY) 1,877.50p 0.64% Diageo (DGE) 3,684.50p 0.63%

FTSE 100 - Fallers

JD Sports Fashion (JD.) 90.28p -9.23% Barratt Developments (BDEV) 315.80p -7.93% Persimmon (PSN) 1,131.00p -6.80% Lloyds Banking Group (LLOY) 39.02p -5.95% Barclays (BARC) 132.64p -5.37% Ocado Group (OCDO) 396.10p -4.44% Taylor Wimpey (TW.) 85.68p -4.08% Legal & General Group (LGEN) 203.70p -4.05% B&M European Value Retail S.A. (DI) (BME) 300.50p -4.02% NATWEST GROUP (NWG) 212.80p -3.97%

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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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