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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: Pearson hit by downgrade; Ocado surges on Kroger news

(Sharecast News) - London's FTSE 100 was down 0.2% at 7,557.94 in afternoon trade on Thursday. Educational publisher Pearson was under the cosh after a downgrade to 'neutral' at Exane.

Engine maker Rolls-Royce was also on the back foot, having rallied a day earlier after Barclays initiated coverage of the stock with an 'overweight' rating.

Oil giants BP and Shell gushed lower despite a rise in oil prices. CMC Markets analyst Michael Hewson said "the recent strength of the pound may be a factor here, acting as a drag on those big US dollar earners".

HSBC and Standard Chartered also lost ground following strong gains in the last two sessions.

Going the other way, online supermarket Ocado surged after US digital partner Kroger lifted its annual sales forecast.

FTSE 100 - Risers

Intermediate Capital Group (ICP) 1,270.00p 6.41% Ocado Group (OCDO) 662.00p 6.33% Schroders (SDR) 464.10p 4.91% Prudential (PRU) 1,023.50p 4.50% SEGRO (SGRO) 817.40p 3.36% Dechra Pharmaceuticals (DPH) 2,806.00p 3.16% Auto Trader Group (AUTO) 583.00p 3.04% Croda International (CRDA) 6,998.00p 3.00% Ashtead Group (AHT) 5,116.00p 2.83% Barratt Developments (BDEV) 408.60p 2.74%

FTSE 100 - Fallers

Pearson (PSON) 936.40p -5.91% Rolls-Royce Holdings (RR.) 86.66p -4.69% Standard Chartered (STAN) 592.00p -4.11% Anglo American (AAL) 3,299.00p -3.18% Shell (SHEL) 2,386.50p -2.35% 3i Group (III) 1,317.00p -2.34% HSBC Holdings (HSBA) 500.60p -1.79% BP (BP.) 488.80p -1.75% Imperial Brands (IMB) 2,097.00p -1.32% Burberry Group (BRBY) 2,151.00p -1.19%

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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.