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FTSE 100 movers: Ocado in the black; BP, Shell gush lower
(Sharecast News) - London's FTSE 100 was up 0.3% at 7,624.50 in afternoon trade on Tuesday. Ocado was the standout gainer. Last week, the online supermarket survived ejection from the index in the latest reshuffle, despite a sharp decline in its market value.
Oil giants Shell and BP were under the cosh, however, as oil prices fell back after a rally on Monday.
Victoria Scholar, head of investment at Interactive Investor, said: "Oil prices are under pressure, reversing some of yesterday's gains as the glow from Saudi's supply cut fades and the reality of the sluggish demand backdrop sets in."
FTSE 100 - Risers
Ocado Group (OCDO) 355.40p 3.49% Abrdn (ABDN) 217.10p 3.38% Legal & General Group (LGEN) 238.50p 1.75% London Stock Exchange Group (LSEG) 8,812.00p 1.73% Severn Trent (SVT) 2,787.00p 1.53% Burberry Group (BRBY) 2,202.00p 1.43% Standard Chartered (STAN) 668.00p 1.40% Intertek Group (ITRK) 4,362.00p 1.37% United Utilities Group (UU.) 1,066.00p 1.33% 3i Group (III) 1,979.50p 1.23%
FTSE 100 - Fallers
Shell (SHEL) 2,237.50p -2.08% CRH (CDI) (CRH) 3,817.00p -1.70% Vodafone Group (VOD) 76.76p -1.49% BT Group (BT.A) 143.10p -1.41% Kingfisher (KGF) 234.90p -1.34% BP (BP.) 466.60p -1.34% Johnson Matthey (JMAT) 1,781.50p -1.27% Flutter Entertainment (CDI) (FLTR) 15,590.00p -1.27% JD Sports Fashion (JD.) 153.05p -1.26% Taylor Wimpey (TW.) 116.45p -1.23%
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