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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 on Kroger deal; Persimmon gains ground

(Sharecast News) - London's FTSE 100 was up 1.7% at 6,966.67 in afternoon trade as prime minister Liz Truss's press conference got underway. Online supermarket Ocado surged to the top of the index after US grocery chain Kroger - with which it has a partnership - agreed to buy rival Albertsons in a $24.6bn deal.

Segro was a high riser as gilt yields fell. Real estate investment trusts can act as a bond proxy.

Utilities were also on the rise, with British Gas owner Centrica and United Utilities both higher.

Ladbrokes owner Entain gained after saying on Thursday that third-quarter net gaming revenue had ticked higher and that online gaming revenue for the fourth quarter was expected to rise, thanks in part to the World Cup.

Housebuilder Persimmon, which has suffered heavy losses recently along with other names in the sector, was also in the black.

FTSE 100 - Risers

Ocado Group (OCDO) 470.90p 8.05% SEGRO (SGRO) 751.00p 5.51% Centrica (CNA) 73.44p 5.03% Entain (ENT) 1,186.50p 4.72% Next (NXT) 4,867.00p 4.71% United Utilities Group (UU.) 870.20p 4.39% Rightmove (RMV) 476.70p 4.36% Unite Group (UTG) 841.00p 4.34% B&M European Value Retail S.A. (DI) (BME) 320.00p 4.30% Persimmon (PSN) 1,247.50p 4.26%

FTSE 100 - Fallers

Harbour Energy (HBR) 413.50p -1.59% Aveva Group (AVV) 3,149.00p -0.76% Shell (SHEL) 2,290.50p -0.52% Prudential (PRU) 888.60p -0.47% Imperial Brands (IMB) 2,007.00p -0.20% Pearson (PSON) 903.40p -0.02% Standard Chartered (STAN) 553.20p 0.33% Smiths Group (SMIN) 1,526.00p 0.53% Rio Tinto (RIO) 4,909.50p 0.65% British American Tobacco (BATS) 3,296.00p 0.70%

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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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