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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: Ocado surges again; BP and Shell gush lower

(Sharecast News) - London's FTSE 100 was down 0.5% at 7,412.67 in afternoon trade on Friday. Online supermarket Ocado surged to the top of the index for the second day in a row, with traders pointing to likely short-covering.

BT Group was on the rise again, having surged on Thursday on the back of half-year results.

Flutter Entertainment was also a high riser. CMC Markets analyst Michael Hewson said it was doing well "after US sector peer DraftKings posted better-than-expected Q3 revenue and upgraded its full year guidance for 2023".

Oil giants Shell and BP were both under the cosh, having reported third-quarter results earlier in the week. Hewson said they were "slipping back with crude oil prices on course to close at a four-week low".

FTSE 100 - Risers

Ocado Group (OCDO) 563.00p 10.57% Kingfisher (KGF) 225.20p 4.79% BT Group (BT.A) 122.50p 4.30% Flutter Entertainment (CDI) (FLTR) 13,915.00p 4.27% Rentokil Initial (RTO) 444.50p 4.20% SEGRO (SGRO) 777.80p 3.90% Sainsbury (J) (SBRY) 282.30p 3.86% Hargreaves Lansdown (HL.) 755.00p 3.85% Endeavour Mining (EDV) 1,716.00p 3.50% Barratt Developments (BDEV) 446.60p 3.28%

FTSE 100 - Fallers

Shell (SHEL) 2,656.50p -4.03% InterContinental Hotels Group (IHG) 5,730.00p -2.39% BP (BP.) 487.25p -2.28% Centrica (CNA) 154.30p -2.09% Relx plc (REL) 2,832.00p -1.97% Compass Group (CPG) 2,069.00p -1.57% BAE Systems (BA.) 1,088.50p -1.54% Reckitt Benckiser Group (RKT) 5,466.00p -1.37% Whitbread (WTB) 3,267.00p -1.36% Pershing Square Holdings Ltd NPV (PSH) 2,944.00p -1.21%

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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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