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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: NatWest under the cosh; Ocado surges

(Sharecast News) - London's FTSE 100 was down 0.3% at 7,665.35 in afternoon trade on Wednesday. NatWest was under the cosh as it announced that Alison Rose has stepped down as chief executive in a high-profile row about former UKIP leader Nigel Farage.

Rio Tinto fell as the miner reported a slide in half-year profits after global commodity prices fell sharply.

Gold and silver miner Fresnillo was in the red despite reaffirming its full-year guidance.

Reckitt Benckiser was weaker even as it posted a jump in first-half like-for-like net revenue, driven by solid performances across its portfolios.

The company - which makes Dettol, Lysol, and Nurofen, among other things - said first-half LFL net revenue was up 6% to £7.4bn. Revenue in the hygiene and health segments rose 3.6% and 8.8% respectively, while the nutrition segment saw a 5.3% increase.

Engine maker Rolls-Royce surged to the top of the index as it lifted its full-year guidance after a strong first half.

Ocado was also a high rise. On Monday, the shares surged as it emerged the online supermarket had secured £200m in its patent battle against Norwegian rival AutoStore.

FTSE 100 - Risers

Rolls-Royce Holdings (RR.) 182.90p 19.82% Ocado Group (OCDO) 871.20p 13.23% Entain (ENT) 1,348.00p 3.77% International Consolidated Airlines Group SA (CDI) (IAG) 151.70p 1.78% M&G (MNG) 204.30p 1.44% Frasers Group (FRAS) 774.00p 1.24% WPP (WPP) 834.20p 1.24% Sainsbury (J) (SBRY) 283.70p 1.07% Unite Group (UTG) 971.50p 0.99% Next (NXT) 7,072.00p 0.97%

FTSE 100 - Fallers

NATWEST GROUP (NWG) 241.50p -3.86% Rio Tinto (RIO) 5,244.00p -2.78% Glencore (GLEN) 469.70p -2.56% JD Sports Fashion (JD.) 152.15p -2.03% Fresnillo (FRES) 619.40p -1.99% Lloyds Banking Group (LLOY) 45.18p -1.99% Anglo American (AAL) 2,458.50p -1.90% Diageo (DGE) 3,391.50p -1.89% Reckitt Benckiser Group (RKT) 5,832.00p -1.85% Croda International (CRDA) 5,848.00p -1.38%

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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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