Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 100 movers: Antofagasta boosted by upgrade; Rolls-Royce under the cosh
(Sharecast News) - London's FTSE 100 was up 0.1% at 8,234.27 in afternoon trade on Monday. Antofagasta surged after Canaccord Genuity upgraded the Chilean copper miner to 'buy' from 'hold'.
"The stock has pulled back over 30% from its peak of above 2,400p in May '24, and we think ANTO is starting to look attractively valued again," it said.
Ladbrokes owner Entain gained after Citi said that it and Flutter Entertainment were among its top picks in the sector for 2025.
Barratt Redrow was in the black as Redburn upgraded the housebuilder to 'buy'.
Rolls-Royce slumped as Citi downgraded its stance on the shares to neutral' from buy' on valuation grounds.
"Following a strong recovery from the depths of Covid, we believe Rolls-Royce shares are now approaching what we consider to be current fair value," it said.
"We have increased our target price to 641p, leaving some upside, but insufficient to remain buyers."
Unilever also fell after RBC Capital Markets downgraded the stock to 'underperform' from 'sector perform' and slashed the price target to 4,000p from 4,800p.
The bank said Unilever "hasn't the wherewithal" to boost volume performance sufficiently to achieve its 2% growth aspiration given its lack of market dominance, significant non-focus brands and markets (25%/15% of sales respectively), a less benign gross margin environment and record/intention of significantly lower capital investment than the competition.
It said the valuation is pushing towards best-in-class level that it thinks is unjustified and risk/ reward is weighted to the downside.
FTSE 100 - Risers
JD Sports Fashion (JD.) 100.25p 6.47% Antofagasta (ANTO) 1,670.50p 5.00% Intermediate Capital Group (ICG) 2,140.00p 4.19% Entain (ENT) 700.40p 3.55% Anglo American (AAL) 2,424.50p 3.32% Schroders (SDR) 330.00p 2.61% Glencore (GLEN) 370.85p 2.56% Spirax Group (SPX) 6,850.00p 2.47% Barratt Redrow (BTRW) 430.40p 2.35% Diploma (DPLM) 4,314.00p 2.28%
FTSE 100 - Fallers
Rolls-Royce Holdings (RR.) 565.80p -3.28% WPP (WPP) 788.20p -3.17% Smurfit Westrock (DI) (SWR) 4,217.00p -2.29% Unilever (ULVR) 4,460.00p -2.21% easyJet (EZJ) 530.00p -1.92% Marks & Spencer Group (MKS) 383.40p -1.82% Admiral Group (ADM) 2,625.00p -1.65% BAE Systems (BA.) 1,137.50p -1.34% International Consolidated Airlines Group SA (CDI) (IAG) 295.20p -1.24% London Stock Exchange Group (LSEG) 11,285.00p -1.18%
Share this article
Related Sharecast Articles
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
