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04 May, 2021 15:51

FTSE 100 movers: Ocado in the red; IAG boosted by upgrade

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Ocado

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%


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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.