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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, miners in the red

(Sharecast News) - London's FTSE 100 was flat at 7,585.56 in afternoon trade on Tuesday. Online supermarket Ocado was under the cosh after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.

JPM said: "We believe Ocado's online grocery activities will continue to face meaningful headwinds in the next months."

The bank, which rates Ocado at 'underweight', said the latest Kantar data suggest ongoing

Miners were also weaker, with Anglo American, Antofagasta and Glencore all in the red.

FTSE 100 - Risers

Rolls-Royce Holdings (RR.) 158.10p 2.80% Beazley (BEZ) 588.50p 2.35% B&M European Value Retail S.A. (DI) (BME) 564.60p 1.44% BAE Systems (BA.) 961.60p 1.18% Convatec Group (CTEC) 207.20p 1.17% Compass Group (CPG) 2,195.00p 1.15% GSK (GSK) 1,366.80p 1.11% Unilever (ULVR) 4,075.50p 1.03% Sage Group (SGE) 884.20p 1.03% DCC (CDI) (DCC) 4,600.00p 0.99%

FTSE 100 - Fallers

Anglo American (AAL) 2,401.00p -3.34% Airtel Africa (AAF) 120.40p -2.51% Ocado Group (OCDO) 424.90p -2.30% Antofagasta (ANTO) 1,482.00p -2.27% NATWEST GROUP (NWG) 247.00p -2.26% Glencore (GLEN) 448.80p -2.22% Prudential (PRU) 1,106.50p -1.99% Rightmove (RMV) 519.80p -1.74% Vodafone Group (VOD) 73.10p -1.40% Fresnillo (FRES) 646.20p -1.25%

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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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