FTSE 100 movers: Ocado, miners in the red

London’s FTSE 100 was flat at 7,585.56 in afternoon trade on Tuesday.

Online supermarket Ocado was under the cosh after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on ‘negative catalyst watch’ into first-half results.

JPM said: "We believe Ocado’s online grocery activities will continue to face meaningful headwinds in the next months."

The bank, which rates Ocado at ‘underweight’, said the latest Kantar data suggest ongoing

Miners were also weaker, with Anglo American, Antofagasta and Glencore all in the red.

FTSE 100 - Risers

Rolls-Royce Holdings (RR.) 158.10p 2.80%
Beazley (BEZ) 588.50p 2.35%
B&M European Value Retail S.A. (DI) (BME) 564.60p 1.44%
BAE Systems (BA.) 961.60p 1.18%
Convatec Group (CTEC) 207.20p 1.17%
Compass Group (CPG) 2,195.00p 1.15%
GSK (GSK) 1,366.80p 1.11%
Unilever (ULVR) 4,075.50p 1.03%
Sage Group (SGE) 884.20p 1.03%
DCC (CDI) (DCC) 4,600.00p 0.99%

FTSE 100 - Fallers

Anglo American (AAL) 2,401.00p -3.34%
Airtel Africa (AAF) 120.40p -2.51%
Ocado Group (OCDO) 424.90p -2.30%
Antofagasta (ANTO) 1,482.00p -2.27%
NATWEST GROUP (NWG) 247.00p -2.26%
Glencore (GLEN) 448.80p -2.22%
Prudential (PRU) 1,106.50p -1.99%
Rightmove (RMV) 519.80p -1.74%
Vodafone Group (VOD) 73.10p -1.40%
Fresnillo (FRES) 646.20p -1.25%