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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 surges; Anglo American in the red

(Sharecast News) - London's FTSE 100 was up 0.2% at 8,428.30 in afternoon trade on Tuesday. Ocado surged to the top of the index, with traders suggesting that heavily-shorted UK stocks were joining the US meme stock rally.

Telecoms giant Vodafone rallied after it posted slightly better annual results than forecast as it continued to offload businesses and move towards its tie-up with rival operator Three. Operating profit fell 74.6% to €3.7bn, mainly as a result of disposals in the prior financial year, in particular the €8.6bn gain on disposal of Vantage Towers.

Luxury fashion brand Burberry was a high riser ahead of preliminary results on Wednesday.

On the downside, Anglo American slumped as it announced a "major new phase" in its strategy as it makes radical changes to its business structure to drive shareholder returns and save costs, including the divestment or spin-off of its steelmaking coal, nickel, platinum and diamond operations.

On Monday, the miner said it had rejected a second, £34bn takeover offer from Australia's BHP.

DCC fell as its full-year revenue and adjusted earnings per share missed analysts' forecasts.

Flutter Entertainment lost ground as it said net losses widened to $177m in the first quarter from $111m, mainly due to non-cash charges.

FTSE 100 - Risers

Ocado Group (OCDO) 369.10p 7.92% Vodafone Group (VOD) 71.76p 2.54% Glencore (GLEN) 487.40p 2.52% St James's Place (STJ) 497.00p 2.47% BT Group (BT.A) 111.45p 2.29% Burberry Group (BRBY) 1,191.00p 2.23% Rightmove (RMV) 547.00p 2.20% SSE (SSE) 1,830.50p 1.69% Smith (DS) (SMDS) 372.80p 1.64% United Utilities Group (UU.) 1,108.00p 1.60%

FTSE 100 - Fallers

Anglo American (AAL) 2,611.00p -3.55% DCC (CDI) (DCC) 5,760.00p -2.46% Flutter Entertainment (DI) (FLTR) 15,900.00p -1.79% InterContinental Hotels Group (IHG) 7,846.00p -1.18% Shell (SHEL) 2,907.00p -1.02% Smiths Group (SMIN) 1,717.00p -0.87% Legal & General Group (LGEN) 244.40p -0.77% Bunzl (BNZL) 3,118.00p -0.64% International Consolidated Airlines Group SA (CDI) (IAG) 185.30p -0.62% BP (BP.) 501.90p -0.61%

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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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