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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: Vodafone gains ahead of update; Diageo fizzes lower

(Sharecast News) - London's FTSE 100 was down 1.4% at 8,551.33 in afternoon trade on Monday. Vodafone was the top gainer on the index ahead of a third-quarter trading update on Tuesday.

BA and Iberia owner IAG flew higher as JPMorgan said it was its top pick for 2025.

"Despite strong performance since March 2024 when we turned positive, with IAG +140% versus the SXXP +5%, we expect the shares to continue outperforming," the bank said.

"This is based on our analysis of five revenue tailwinds that could drive higher RASK performance this year than the market currently expects. We also see a 'blue sky' scenario of €7 value per share, offering 75% upside."

On the downside, Scottish Mortgage Investment Trust - which has stakes in several big US tech firms - was the biggest loser on the index.

Drinks company Diageo fizzed lower amid worries about the impact of US tariffs on imports from Mexico and Canada. Diageo's interim results are due on Tuesday.

FTSE 100 - Risers

Vodafone Group (VOD) 69.22p 0.79% Fresnillo (FRES) 700.50p 0.65% Centrica (CNA) 143.25p 0.53% Imperial Brands (IMB) 2,734.00p 0.48% Admiral Group (ADM) 2,715.00p 0.44% International Consolidated Airlines Group SA (CDI) (IAG) 339.30p 0.41% Coca-Cola HBC AG (CDI) (CCH) 2,818.00p 0.28% Compass Group (CPG) 2,794.00p 0.11% National Grid (NG.) 980.80p 0.10% BT Group (BT.A) 142.00p 0.07%

FTSE 100 - Fallers

Scottish Mortgage Inv Trust (SMT) 1,037.00p -4.47% JD Sports Fashion (JD.) 85.54p -4.02% Croda International (CRDA) 3,222.00p -3.65% Antofagasta (ANTO) 1,662.50p -3.62% Entain (ENT) 681.20p -3.62% Ashtead Group (AHT) 5,116.00p -3.58% Pershing Square Holdings Ltd NPV (PSH) 4,134.00p -3.46% Diageo (DGE) 2,337.00p -3.39% Associated British Foods (ABF) 1,842.00p -3.15% Weir Group (WEIR) 2,352.00p -3.05%

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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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