FTSE 100 movers: Ocado in the black; BP, Shell gush lower
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%