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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: Miners take a hit; GSK rallies on trial results

(Sharecast News) - London's FTSE 100 was down 1.9% at 7,337.82 in afternoon trade on Friday. Anglo American was the worst performer on the index, while Glencore also fell as miners took a hit. Traders pointed to fresh Covid lockdowns in Shanghai and Beijing, with China a big consumer of metals.

GKN owner Melrose Industries was also in the red, having rallied earlier in the week after it launched a £500m share buyback.

On the upside, GlaxoSmithKline was a high riser after saying that its vaccine for respiratory syncytial virus had shown "statistically significant and clinically meaningful efficacy" in adults aged 60 years and above in a phase 3 trial.

The company said the primary endpoint of the trial was "exceeded with no unexpected safety concerns observed" and would now start talks with regulators to start immediately with anticipated regulatory submissions in the second half of the year.

FTSE 100 - Risers

Aveva Group (AVV) 2,431.00p 2.23% Sainsbury (J) (SBRY) 211.60p 1.05% GSK (GSK) 1,725.60p 0.92% Kingfisher (KGF) 248.00p 0.53% Pearson (PSON) 739.40p 0.52% Intermediate Capital Group (ICP) 1,483.00p 0.37% Avast (AVST) 482.50p 0.17% Meggitt (MGGT) 772.80p 0.08% Ocado Group (OCDO) 915.70p 0.03% 3i Group (III) 1,166.50p 0.00%

FTSE 100 - Fallers

Anglo American (AAL) 3,654.00p -6.42% Melrose Industries (MRO) 155.90p -5.11% CRH (CDI) (CRH) 3,051.50p -4.31% Scottish Mortgage Inv Trust (SMT) 765.80p -4.13% RS Group (RS1) 878.50p -3.94% Antofagasta (ANTO) 1,428.50p -3.74% Prudential (PRU) 992.00p -3.74% Legal & General Group (LGEN) 244.50p -3.59% JD Sports Fashion (JD.) 117.25p -3.50% Glencore (GLEN) 515.00p -3.41%

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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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