Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 100 movers: Tesco lifted by upgrade; Next slumps on outlook
(Sharecast News) - London's FTSE 100 was up 1.1% at 7,562.55 in afternoon trade on Wednesday. Ocado was the standout gainer on the index, having slumped on Tuesday after it issued a trading statement for Ocado Retail, its 50:50 joint venture with Marks & Spencer.
Tesco was boosted by an upgrade to 'overweight' from 'equalweight' at Morgan Stanley.
Advertising giant WPP advanced after an upgrade to 'outperform' at Exane.
On the downside, Next slumped after it posted a better-than-expected jump in full-year profit and said selling price inflation was set to be more benign than previously thought, but that the year ahead will be "difficult" and it continues to expect a decline in profit.
In the year to January 2023, pre-tax profit rose 5.7% to £870.4m, coming in ahead of company guidance of £860m. Total trading sales were up 8.4% to £5.1bn, with full prices sales ahead 6.9%.
Smith & Nephew was weaker after a downgrade to 'underweight' from 'overweight' at Barclays, which said it sees further share losses in Ortho.
FTSE 100 - Risers
Ocado Group (OCDO) 475.40p 7.07% M&G (MNG) 187.90p 4.77% Prudential (PRU) 1,080.50p 3.45% British Land Company (BLND) 374.80p 3.08% Tesco (TSCO) 262.60p 3.02% Legal & General Group (LGEN) 236.50p 3.01% WPP (WPP) 946.60p 3.00% Persimmon (PSN) 1,237.00p 3.00% Barclays (BARC) 141.28p 2.99% Phoenix Group Holdings (PHNX) 565.80p 2.99%
FTSE 100 - Fallers
Next (NXT) 6,408.00p -4.73% Associated British Foods (ABF) 1,927.00p -1.28% Smith & Nephew (SN.) 1,121.50p -1.02% BAE Systems (BA.) 985.20p -0.28% Convatec Group (CTEC) 220.00p -0.27% British American Tobacco (BATS) 2,876.50p -0.16% Mondi (MNDI) 1,308.00p -0.11% Pearson (PSON) 824.20p -0.10% GSK (GSK) 1,420.60p -0.03% National Grid (NG.) 1,070.50p 0.00%
Share this article
Related Sharecast Articles
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.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
