FTSE 100 movers: Ocado in the red; IAG boosted by upgrade
London's FTSE 100 was down 0.4% at 6,942.47 in afternoon trade on Tuesday.
Online supermarket Ocado - which has benefitted from Covid-related restrictions and lockdowns - was in the red.
Going the other way, shopping centre owners Land Securities and British Land also gained amid brightening prospects after the reopening of non-essential stores.
Oil giants BP and Shell gushed higher as oil prices rallied.
British Airways and Iberia owner IAG flew higher amid reports the EU will open up travel from June. The shares were also boosted by an upgrade to ‘overweight’ from ‘neutral’ at JPMorgan. The bank said that while 2021 is expected to remain very challenging, the prospects for 2022 onwards "look promising as global air travel starts to normalise".
"We anticipate turbulence on this journey but consider IAG an attractive long-term investment," JPM said.
FTSE 100 - Risers
Fresnillo (FRES) 859.60p 4.37%
Polymetal International (POLY) 1,548.00p 3.51%
Land Securities Group (LAND) 743.80p 3.19%
Next (NXT) 7,996.00p 2.49%
BP (BP.) 310.30p 2.41%
British Land Company (BLND) 530.60p 2.35%
Imperial Brands (IMB) 1,539.00p 2.09%
BT Group (BT.A) 168.25p 2.00%
International Consolidated Airlines Group SA (CDI) (IAG) 206.65p 1.90%
Royal Dutch Shell 'A' (RDSA) 1,388.20p 1.70%
FTSE 100 - Fallers
Intermediate Capital Group (ICP) 2,104.00p -3.75%
Ocado Group (OCDO) 2,019.00p -3.72%
Aveva Group (AVV) 3,366.00p -3.28%
Pearson (PSON) 805.80p -2.92%
Weir Group (WEIR) 1,864.50p -2.74%
Rolls-Royce Holdings (RR.) 102.00p -2.50%
Hikma Pharmaceuticals (HIK) 2,380.00p -2.46%
London Stock Exchange Group (LSEG) 7,228.00p -2.32%
Entain (ENT) 1,653.50p -2.25%
Standard Chartered (STAN) 508.20p -2.19%