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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: DS Smith in the black; Ocado tumbles

(Sharecast News) - London's FTSE 100 was up 0.6% at 8,252.48 in afternoon trade on Thursday. Paper and packaging company DS Smith was up as it reported a fall in annual profits driven by weak volumes and high inflation, but said it expected higher prices and demand to boost a recovery in the second half of the current year and into 2026.

Ocado tumbled as it said the planned launch of North American partner Sobeys' customer fulfilment centre in Vancouver had been paused and that the two have agreed to end terms related to mutual exclusivity.

The go-live of Canadian grocer Sobeys' fourth customer fulfilment centre (CFC) was originally planned for 2025. Ocado said the timeline will be under regular review and the site will be able to commission and scale quickly when required. Ocado refers to its automated warehouses at CFCs.

United Utilities and Persimmon lost ground as they traded without entitlement to the dividend.

FTSE 100 - Risers

Fresnillo (FRES) 568.50p 5.08% Land Securities Group (LAND) 630.00p 3.36% JD Sports Fashion (JD.) 123.50p 3.09% Antofagasta (ANTO) 2,113.00p 2.72% WPP (WPP) 752.40p 2.26% Smith (DS) (SMDS) 359.60p 2.16% Rolls-Royce Holdings (RR.) 481.70p 1.95% Flutter Entertainment (DI) (FLTR) 14,740.00p 1.87% Centrica (CNA) 136.70p 1.75% Glencore (GLEN) 464.00p 1.72%

FTSE 100 - Fallers

Ocado Group (OCDO) 297.70p -15.55% United Utilities Group (UU.) 992.00p -1.78% easyJet (EZJ) 447.60p -1.65% Marks & Spencer Group (MKS) 299.40p -1.06% Convatec Group (CTEC) 240.80p -0.91% Croda International (CRDA) 4,086.00p -0.68% Associated British Foods (ABF) 2,460.00p -0.65% St James's Place (STJ) 543.50p -0.64% GSK (GSK) 1,608.00p -0.53% Persimmon (PSN) 1,358.50p -0.48%

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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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