FTSE 100 movers: Ocado rallies ahead of Q3 update; gold miners fall

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Sharecast News | 14 Sep, 2020

Updated : 14:22

London’s FTSE 100 was up 0.2% at 6,040.97 in afternoon trade on Monday.

Online supermarket Ocado was a high riser a day ahead of the release of its third-quarter trading statement.

Luxury fashion brand Burberry also gained after it teamed up with streaming service Twitch to livestream its spring/summer 2021 fashion show.

Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: "Gone is the buzz of securing a front row seat at the most coveted fashion shows of the season, but Burberry’s tie up with Twitch could give it the edge in the high stakes fashion world.

"The squad stream functionality, which allows four live feeds to be streamed in one window, will help showcase the collection’s detail and provide an element of drama as multiple cameras should be able to switch to close ups of the models as they stride down the catwalk.

"Burberry will be hoping that streaming the new collection to new audiences will help it speed up the pace of the recovery in global sales which, although improving, still saw a 20% fall in June."

On the downside, precious metals miners Fresnillo and Polymetal lost their shine as gold prices fell.

FTSE 100 - Risers

International Consolidated Airlines Group SA (CDI) (IAG) 138.80p 7.91%
Ocado Group (OCDO) 2,361.00p 4.19%
Compass Group (CPG) 1,311.00p 2.94%
BAE Systems (BA.) 522.20p 2.80%
British Land Company (BLND) 346.10p 2.18%
Informa (INF) 403.60p 1.89%
Land Securities Group (LAND) 539.20p 1.77%
GVC Holdings (GVC) 888.60p 1.67%
Burberry Group (BRBY) 1,575.50p 1.65%
Lloyds Banking Group (LLOY) 26.28p 1.56%

FTSE 100 - Fallers

Fresnillo (FRES) 1,268.50p -6.18%
Polymetal International (POLY) 1,924.00p -4.23%
Intermediate Capital Group (ICP) 1,225.00p -2.55%
Homeserve (HSV) 1,259.00p -1.87%
Hikma Pharmaceuticals (HIK) 2,633.00p -1.50%
Persimmon (PSN) 2,492.00p -1.46%
Rightmove (RMV) 611.60p -1.45%
M&G (MNG) 150.80p -1.28%
Whitbread (WTB) 2,284.00p -1.25%
Auto Trader Group (AUTO) 556.80p -1.10%

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