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.
(Sharecast News) - London's FTSE 100 was up 0.6% at 7,570.51 in afternoon trade on Thursday.
Ocado surged to the top of the index, having tumbled a day earlier after Ocado Retail - its 50:50 joint venture with Marks & Spencer - cut its annual sales target.
Intermediate Capital was a high riser after it said total full-year assets under management jumped 26% in what it called a "defining" year.
United Utilities fell as it posted a drop in full-year underlying pre-tax profit and pledged not to increase average household bills for 2022/23 despite rapidly rising inflation.
BT slumped as it emerged the government will examine French billionaire Patrick Drahi's stake 18% stake in the telecoms company amid concerns about national security.
SSE was also under the cosh after Chancellor Rishi Sunak announced a £5bn windfall tax on energy firms.
Intertek and Sage were weaker as they traded without entitlement to the dividend.
FTSE 100 - Risers
Ocado Group (OCDO) 853.00p 10.84%
B&M European Value Retail S.A. (DI) (BME) 453.80p 6.73%
Next (NXT) 6,522.00p 6.43%
Intermediate Capital Group (ICP) 1,547.00p 6.07%
Associated British Foods (ABF) 1,714.00p 3.85%
Royal Mail (RMG) 324.90p 3.57%
Burberry Group (BRBY) 1,618.00p 3.12%
Hargreaves Lansdown (HL.) 848.40p 2.66%
Rolls-Royce Holdings (RR.) 85.64p 2.54%
Persimmon (PSN) 2,215.00p 2.50%
FTSE 100 - Fallers
United Utilities Group (UU.) 1,055.00p -5.17%
SSE (SSE) 1,801.50p -3.53%
Imperial Brands (IMB) 1,786.50p -2.99%
Severn Trent (SVT) 2,981.00p -2.93%
BT Group (BT.A) 184.65p -2.76%
Intertek Group (ITRK) 4,557.00p -2.67%
National Grid (NG.) 1,196.00p -2.53%
DCC (CDI) (DCC) 5,568.00p -2.49%
Sage Group (SGE) 656.20p -1.47%
Pershing Square Holdings Ltd NPV (PSH) 2,450.00p -1.41%
