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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: Croda tanks after profit warning; Ocado rallies

(Sharecast News) - London's FTSE 100 was down 0.4% at 7,573.28 in afternoon trade on Friday. Online supermarket Ocado was the standout gainer on the index, followed by equipment rental firm Ashtead.

Croda International tumbled as the specialty chemicals firm warned on full-year profits, citing lower sales volumes and customer destocking. It now expects 2023 group pre-tax profit of between £370m and £400m, versus consensus expectations of £440m.

Taylor Wimpey and Barratt Developments were under the cosh amid news that more mortgages have been pulled from the market, and as Moody's warned of a 10% drop in UK house prices.

FTSE 100 - Risers

Ocado Group (OCDO) 380.80p 3.90% Ashtead Group (AHT) 5,396.00p 1.24% Vodafone Group (VOD) 75.00p 1.15% Legal & General Group (LGEN) 240.40p 1.01% Hargreaves Lansdown (HL.) 866.20p 1.00% British American Tobacco (BATS) 2,606.50p 0.97% Antofagasta (ANTO) 1,470.50p 0.62% Whitbread (WTB) 3,347.00p 0.57% Rio Tinto (RIO) 5,153.00p 0.51% Scottish Mortgage Inv Trust (SMT) 689.00p 0.44%

FTSE 100 - Fallers

Croda International (CRDA) 5,256.00p -12.75% Smurfit Kappa Group (CDI) (SKG) 2,896.00p -2.88% JD Sports Fashion (JD.) 147.15p -2.55% Beazley (BEZ) 580.00p -2.52% Smith (DS) (SMDS) 309.90p -2.09% Taylor Wimpey (TW.) 112.90p -2.08% Kingfisher (KGF) 236.30p -1.83% Barratt Developments (BDEV) 461.20p -1.81% Reckitt Benckiser Group (RKT) 6,016.00p -1.60% Weir Group (WEIR) 1,784.00p -1.46%

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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.