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: Vistry tumbles on profit warning; IAG flies higher
(Sharecast News) - London's FTSE 100 was down 0.8% at 8,076.65 in afternoon trade on Friday.
Vistry tumbled as the housebuilder warned on full-year profits again, cutting its forecast for completions and pointing to the impact from issues in the South Division.
The housebuilder now expects FY24 adjusted pre-tax profit of around £300m, down from a forecast of £350m last month.
The company already warned on profits in October, saying it was expecting FY24 profit to be £80m lower, FY25 profit to be around £30m lower and profit for FY25 to be hit by £5m.
It said at the time that this was because it had underestimated build costs on nine schemes in its Southern Division.
Miners were also under the cosh after China's latest $1.4 trillion stimulus package failed to impress. Antofagasta, Rio Tinto, Glencore and Anglo American were among the worst performers.
Asia-focused Prudential was also in the red.
BA and Iberia owner IAG flew to the top of the index as it posted a 15% jump in third-quarter operating profit to €2.01bn and a 7.9% increase in revenue, and announced a €350m share buyback.
EasyJet also gained.
AstraZeneca rose as it announced positive high-level results from a phase III trial for its Texspire treatment for nasal polyps.
Relx was also in the black as JPMorgan Cazenove lifted its price target on the stock to 4,550p from 4,200p to reflect an acceleration in the Legal and STM (scientific, technical & medical) divisions driven by generative AI.
FTSE 100 - Risers
International Consolidated Airlines Group SA (CDI) (IAG) 233.90p 6.90% Hikma Pharmaceuticals (HIK) 1,842.00p 2.28% InterContinental Hotels Group (IHG) 9,188.00p 2.00% AstraZeneca (AZN) 9,917.00p 1.97% easyJet (EZJ) 547.00p 1.90% BT Group (BT.A) 139.10p 1.53% Relx plc (REL) 3,687.00p 1.32% Pearson (PSON) 1,196.00p 1.18% Intertek Group (ITRK) 4,588.00p 1.10% Unite Group (UTG) 862.00p 0.82%
FTSE 100 - Fallers
Vistry Group (VTY) 716.00p -18.03% Antofagasta (ANTO) 1,707.00p -5.61% Marks & Spencer Group (MKS) 375.70p -4.45% Rio Tinto (RIO) 4,974.50p -4.35% Glencore (GLEN) 399.15p -3.91% Anglo American (AAL) 2,391.00p -3.55% Prudential (PRU) 650.60p -3.13% JD Sports Fashion (JD.) 120.50p -2.82% HSBC Holdings (HSBA) 696.80p -2.63% Sainsbury (J) (SBRY) 250.20p -2.57%
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.
