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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 recovers; Burberry on the rise

Wed 18 Jan 2023 15:29

(Sharecast News) - London's FTSE 100 was down 0.2% at 7,832.18 in afternoon trade on Wednesday. Online supermarket Ocado was the top gainer on the index, having tanked on Tuesday after a disappointing update on its joint venture with Marks & Spencer, Ocado Retail.

Luxury fashion brand Burberry rose despite saying it took a hit from Covid-19 disruption in its key market of China. Like-for-like sales grew by only 1% to £756m in the three months to end-December, compared with a rise of 7% a year earlier and against a forecast increase of 2%.

Antofagasta was in the black even as the Chilean copper miner said output fell 10.4% last year, mainly due to lower ore grades and a drought. The company said production of the key metal came in at 646,200 tonnes in 2022, at the lower end of forecasts.

FTSE 100 - Risers

Ocado Group (OCDO) 769.20p 4.94% Burberry Group (BRBY) 2,325.00p 3.66% Experian (EXPN) 3,069.00p 3.65% Glencore (GLEN) 572.10p 3.47% Antofagasta (ANTO) 1,801.50p 3.45% International Consolidated Airlines Group SA (CDI) (IAG) 161.98p 3.21% InterContinental Hotels Group (IHG) 5,622.00p 2.97% RS Group (RS1) 934.50p 2.81% Auto Trader Group (AUTO) 572.60p 2.32% Ashtead Group (AHT) 5,170.00p 2.30%

FTSE 100 - Fallers

Haleon (HLN) 317.05p -3.10% BT Group (BT.A) 128.85p -2.53% Coca-Cola HBC AG (CDI) (CCH) 1,915.00p -2.47% United Utilities Group (UU.) 1,014.00p -2.45% GSK (GSK) 1,404.40p -2.32% British American Tobacco (BATS) 3,059.50p -2.25% Reckitt Benckiser Group (RKT) 5,848.00p -2.24% Imperial Brands (IMB) 2,018.00p -1.99% Diageo (DGE) 3,697.00p -1.85% Unilever (ULVR) 4,103.00p -1.50%

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