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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 surges; Phoenix goes ex-div

(Sharecast News) - London's FTSE 100 was up 0.7% at 7,616.37 in afternoon trade on Thursday. Online supermarket Ocado was the top riser on the index. CMC Markets analyst Michael Hewson said: "Ocado has continued to make gains and has risen sharply for the second day in a row. The gains of the last two days have come despite the shares finishing lower on the day that they published their Q1 numbers.

"At the time there was a sense that the fall seemed overdone given the weakness we'd already seen since January, begging the question as to whether a lot of the bad news was already in the price. The reaction of the last two days would appear to suggest that there is a degree of that, hence the gains seen in the last couple of days."

SSE rallied after it lifted full-year earnings per share guidance again as it hailed a strong performance from its flexible generation plant.

The energy company now expects adjusted EPS of more than 160p per share for the full-year 2022/23, up from previous guidance of more than 150p. SSE had already lifted its guidance in January from at least 120p a share to at least 150p.

Going the other way, Phoenix Group, Aviva, Abrdn, Smith & Nephew, Taylor Wimpey and Mondi all fell as they traded without entitlement to the dividend.

FTSE 100 - Risers

Ocado Group (OCDO) 521.60p 9.12% Endeavour Mining (EDV) 2,028.00p 5.79% Land Securities Group (LAND) 621.60p 4.19% JD Sports Fashion (JD.) 175.15p 4.13% SSE (SSE) 1,809.00p 4.12% International Consolidated Airlines Group SA (CDI) (IAG) 148.44p 3.75% British Land Company (BLND) 387.50p 3.58% Entain (ENT) 1,248.50p 3.52% Unite Group (UTG) 934.00p 3.32% SEGRO (SGRO) 756.80p 3.25%

FTSE 100 - Fallers

Phoenix Group Holdings (PHNX) 543.80p -4.06% Aviva (AV.) 407.30p -3.05% Abrdn (ABDN) 202.80p -2.83% Smith & Nephew (SN.) 1,100.50p -1.78% Taylor Wimpey (TW.) 119.45p -1.57% Mondi (MNDI) 1,286.00p -1.42% BAE Systems (BA.) 973.80p -1.28% British American Tobacco (BATS) 2,843.50p -1.10% Croda International (CRDA) 6,438.00p -0.86% London Stock Exchange Group (LSEG) 7,800.00p -0.81%

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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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