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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 hit by broker note; utilities gain

(Sharecast News) - London's FTSE 100 was down 2% at 7,296.38 in afternoon trade on Thursday. JD Sports and Next were both in the red as they traded without entitlement to the dividend.

Online supermarket Ocado was under the cosh after Morgan Stanley cut its price target on the shares to 390p from 430p ahead of its first-half results. MS said recent share price strength had been surprising.

Utilities bucked the trend, with United Utilities, Severn Trent and Centrica all down.

FTSE 100 - Risers

United Utilities Group (UU.) 943.80p 1.18% Tesco (TSCO) 248.90p 0.04% BAE Systems (BA.) 909.40p -0.15% Sage Group (SGE) 906.20p -0.24% Severn Trent (SVT) 2,443.00p -0.29% Rentokil Initial (RTO) 600.20p -0.40% Centrica (CNA) 122.45p -0.49% Sainsbury (J) (SBRY) 268.50p -0.56% Lloyds Banking Group (LLOY) 43.47p -0.81% Experian (EXPN) 2,919.00p -0.82%

FTSE 100 - Fallers

Flutter Entertainment (CDI) (FLTR) 14,505.00p -5.41% JD Sports Fashion (JD.) 138.50p -4.65% Persimmon (PSN) 968.80p -4.60% Ocado Group (OCDO) 549.20p -4.22% Kingfisher (KGF) 218.20p -4.21% Land Securities Group (LAND) 573.40p -4.05% Next (NXT) 6,684.00p -3.88% Abrdn (ABDN) 211.90p -3.55% Antofagasta (ANTO) 1,419.00p -3.47% International Consolidated Airlines Group SA (CDI) (IAG) 156.80p -3.42%

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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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