(Sharecast News) – London’s FTSE 100 was up 0.9% at 7,617.80 in afternoon trade on Thursday.
Ocado was the standout gainer on the index despite a downbeat note from Goldman Sachs, which slashed its price target on the shares from 900p to 700p and maintained a ‘neutral’ rating. The bank said there wasn’t much upside from here on in.
A trader pointed out that Ocado is a high beta name and said it was just rallying in a good market, with tech stocks more broadly doing well.
Labdrokes owner Entain surged for the second day in a row, having jumped on Wednesday after it announced the immediate departure of chief executive officer Jette Nygaard-Andersen.
On the downside, Primark owner Associated British Foods was weaker as it traded without entitlement to the dividend.
FTSE 100 – Risers
Ocado Group (OCDO) 707.40p 10.47%
Entain (ENT) 917.20p 8.76%
Ashtead Group (AHT) 5,368.00p 7.91%
Kingfisher (KGF) 244.50p 7.33%
Endeavour Mining (EDV) 1,809.00p 7.21%
Croda International (CRDA) 5,070.00p 6.49%
St James’s Place (STJ) 720.20p 6.29%
Anglo American (AAL) 1,771.60p 6.07%
Land Securities Group (LAND) 702.60p 5.97%
Barclays (BARC) 149.36p 5.87%
FTSE 100 – Fallers
Relx plc (REL) 3,071.00p -3.09%
Admiral Group (ADM) 2,698.00p -1.89%
Centrica (CNA) 143.45p -1.88%
Associated British Foods (ABF) 2,397.00p -1.76%
BAE Systems (BA.) 1,051.50p -1.45%
3i Group (III) 2,365.00p -1.26%
Pearson (PSON) 945.40p -1.15%
Haleon (HLN) 322.60p -0.69%
Unilever (ULVR) 3,769.50p -0.64%
HSBC Holdings (HSBA) 615.80p -0.24%
