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FTSE 100 movers: Ocado recovers; Burberry on the rise
(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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