FTSE 100 movers: Ocado surges again; BP and Shell gush lower

London’s FTSE 100 was down 0.5% at 7,412.67 in afternoon trade on Friday.

Online supermarket Ocado surged to the top of the index for the second day in a row, with traders pointing to likely short-covering.

BT Group was on the rise again, having surged on Thursday on the back of half-year results.

Flutter Entertainment was also a high riser. CMC Markets analyst Michael Hewson said it was doing well "after US sector peer DraftKings posted better-than-expected Q3 revenue and upgraded its full year guidance for 2023".

Oil giants Shell and BP were both under the cosh, having reported third-quarter results earlier in the week. Hewson said they were "slipping back with crude oil prices on course to close at a four-week low".

FTSE 100 - Risers

Ocado Group (OCDO) 563.00p 10.57%
Kingfisher (KGF) 225.20p 4.79%
BT Group (BT.A) 122.50p 4.30%
Flutter Entertainment (CDI) (FLTR) 13,915.00p 4.27%
Rentokil Initial (RTO) 444.50p 4.20%
SEGRO (SGRO) 777.80p 3.90%
Sainsbury (J) (SBRY) 282.30p 3.86%
Hargreaves Lansdown (HL.) 755.00p 3.85%
Endeavour Mining (EDV) 1,716.00p 3.50%
Barratt Developments (BDEV) 446.60p 3.28%

FTSE 100 - Fallers

Shell (SHEL) 2,656.50p -4.03%
InterContinental Hotels Group (IHG) 5,730.00p -2.39%
BP (BP.) 487.25p -2.28%
Centrica (CNA) 154.30p -2.09%
Relx plc (REL) 2,832.00p -1.97%
Compass Group (CPG) 2,069.00p -1.57%
BAE Systems (BA.) 1,088.50p -1.54%
Reckitt Benckiser Group (RKT) 5,466.00p -1.37%
Whitbread (WTB) 3,267.00p -1.36%
Pershing Square Holdings Ltd NPV (PSH) 2,944.00p -1.21%

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