Michele Maatouk
03 Nov, 2023
Synopsis
London's FTSE 100 index declined by 0.5% due to falling crude oil prices. Online supermarket Ocado and BT Group saw significant gains while oil companies Shell and BP experienced decreases.
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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)563.00p10.57%
Kingfisher (KGF)225.20p4.79%
BT Group (BT.A)122.50p4.30%
Flutter Entertainment (CDI) (FLTR)13,915.00p4.27%
Rentokil Initial (RTO)444.50p4.20%
SEGRO (SGRO)777.80p3.90%
Sainsbury (J) (SBRY)282.30p3.86%
Hargreaves Lansdown (HL.)755.00p3.85%
Endeavour Mining (EDV)1,716.00p3.50%
Barratt Developments (BDEV)446.60p3.28%
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%
Source: https://www.sharecast.com/
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