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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: Asos, Asia-focused names sought out

(Sharecast News) - According to The Times, Lingotto, the new fund backed Italy's billionaire Agnelli dynasty, which was chaired by George Osborne, had substantially raised its stake in the online grocer to above 5%.

Asia-focused StanChart and Prudential were close behind, riding on the coattails of remarks from Chinese premier Li Qiang.

Speaking at the World Economic Forum in Tianjin, Li said: "We will launch more practical and effective measures in expanding the potential of domestic demand, activating market vitality, promoting coordinated development, accelerating green transition, and promoting high-level opening to the outside world."

The plan, according to that same official, was for the country's rate of economic growth to pick up to approximately 5% over the second and third quarters of 2023.

That would be up from the 4.5% year-on-year clip observed during the first three months of the year.

Market Movers

FTSE 100 (UKX) 7,465.61 0.16%

FTSE 100 - Risers

Ocado Group (OCDO) 562.80p 6.07% Vodafone Group (VOD) 72.34p 3.25% International Consolidated Airlines Group SA (CDI) (IAG) 161.15p 2.61% Standard Chartered (STAN) 671.80p 2.10% Prudential (PRU) 1,097.50p 1.95% Informa (INF) 713.20p 1.83% Lloyds Banking Group (LLOY) 42.59p 1.51% Kingfisher (KGF) 229.00p 1.51% Auto Trader Group (AUTO) 602.80p 1.48% Abrdn (ABDN) 210.20p 1.45%

FTSE 100 - Fallers

BT Group (BT.A) 123.35p -3.37% JD Sports Fashion (JD.) 142.55p -2.76% Croda International (CRDA) 5,488.00p -1.65% Persimmon (PSN) 1,044.50p -1.65% Convatec Group (CTEC) 206.40p -1.53% BP (BP.) 453.25p -1.25% GSK (GSK) 1,403.00p -1.18% Fresnillo (FRES) 604.80p -1.11% Admiral Group (ADM) 2,132.00p -1.02% Halma (HLMA) 2,232.00p -1.02%

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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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