FTSE 100 movers: Ocado recovers; Burberry on the rise

London’s FTSE 100 was down 0.2% at 7,832.18 in afternoon trade on Wednesday.

Online supermarket Ocado was the top gainer on the index, having tanked on Tuesday after a disappointing update on its joint venture with Marks & Spencer, Ocado Retail.

Luxury fashion brand Burberry rose despite saying it took a hit from Covid-19 disruption in its key market of China. Like-for-like sales grew by only 1% to £756m in the three months to end-December, compared with a rise of 7% a year earlier and against a forecast increase of 2%.

Antofagasta was in the black even as the Chilean copper miner said output fell 10.4% last year, mainly due to lower ore grades and a drought. The company said production of the key metal came in at 646,200 tonnes in 2022, at the lower end of forecasts.

FTSE 100 - Risers

Ocado Group (OCDO) 769.20p 4.94%
Burberry Group (BRBY) 2,325.00p 3.66%
Experian (EXPN) 3,069.00p 3.65%
Glencore (GLEN) 572.10p 3.47%
Antofagasta (ANTO) 1,801.50p 3.45%
International Consolidated Airlines Group SA (CDI) (IAG) 161.98p 3.21%
InterContinental Hotels Group (IHG) 5,622.00p 2.97%
RS Group (RS1) 934.50p 2.81%
Auto Trader Group (AUTO) 572.60p 2.32%
Ashtead Group (AHT) 5,170.00p 2.30%

FTSE 100 - Fallers

Haleon (HLN) 317.05p -3.10%
BT Group (BT.A) 128.85p -2.53%
Coca-Cola HBC AG (CDI) (CCH) 1,915.00p -2.47%
United Utilities Group (UU.) 1,014.00p -2.45%
GSK (GSK) 1,404.40p -2.32%
British American Tobacco (BATS) 3,059.50p -2.25%
Reckitt Benckiser Group (RKT) 5,848.00p -2.24%
Imperial Brands (IMB) 2,018.00p -1.99%
Diageo (DGE) 3,697.00p -1.85%
Unilever (ULVR) 4,103.00p -1.50%