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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, Prudential in the red; B&M bounces

(Sharecast News) - London's FTSE 100 was down 0.4% at 7,488.72 in afternoon trade on Wednesday. Ocado slumped as the online supermarket faced demotion from the top-flight index.

Prudential was also on the back foot after the insurer said that chief financial officer James Turner has resigned due to an investigation into his conduct relating to "a recent recruitment situation".

The insurer said Turner had fallen short of the "high standards" the group sets itself "on this occasion".

Prudential gave no details of the incident but said it has no implications on the group's financial performance, reporting or operations.

Ladbrokes owner Entain fell as it said it is seeking a deferred prosecution agreement over alleged bribery at its former Turkish business, and that it was facing a potentially "substantial" financial penalty.

Going the other way, B&M European Value Retail surged after saying it expects current adjusted core earnings to be higher than 2023, as it posted a fall in annual profits.

Market Movers

FTSE 100 (UKX) 7,504.22 -0.24% FTSE 250 (MCX) 18,829.70 0.12% techMARK (TASX) 4,575.62 0.48%

FTSE 100 - Risers

B&M European Value Retail S.A. (DI) (BME) 507.80p 7.61% Endeavour Mining (EDV) 2,104.00p 3.44% Relx plc (REL) 2,545.00p 2.41% AstraZeneca (AZN) 11,716.00p 1.90% Rentokil Initial (RTO) 644.60p 1.80% Experian (EXPN) 2,870.00p 1.63% Auto Trader Group (AUTO) 631.20p 1.58% United Utilities Group (UU.) 1,025.00p 1.43% 3i Group (III) 1,987.00p 1.43% M&G (MNG) 201.00p 1.36%

FTSE 100 - Fallers

Ocado Group (OCDO) 372.70p -4.90% Prudential (PRU) 1,076.50p -4.31% BP (BP.) 450.80p -3.39% Entain (ENT) 1,344.00p -2.22% Shell (SHEL) 2,235.50p -2.04% Burberry Group (BRBY) 2,164.00p -1.99% Barclays (BARC) 153.22p -1.66% Mondi (MNDI) 1,255.50p -1.65% Abrdn (ABDN) 201.60p -1.51% Weir Group (WEIR) 1,701.00p -1.45%

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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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