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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 100 movers: Ocado tumbles; Aveva rallies

(Sharecast News) - London's FTSE 100 was down 1% at 7,401.27 in afternoon trade on Tuesday as investors mulled a hotter-than-expected US inflation print for August. Ocado tumbled after the online supermarket warned of an expected fall in annual sales as customers start to tighten their belts amid the cost-of-living crisis.

Tesco was also in the red.

Going the other way, software company Aveva rallied following a report it is closing in on a takeover agreement with French industrial group Schneider Electric worth about £9bn. According to Sky News, the boards of the two companies and their advisers are discussing a price of more than £30-a-share for Schneider to acquire the roughly-40% of Aveva it does not already own.

FTSE 100 - Risers

Aveva Group (AVV) 3,038.00p 2.67% Haleon (HLN) 266.90p 1.10% Harbour Energy (HBR) 484.10p 0.83% BAE Systems (BA.) 797.00p 0.81% Unilever (ULVR) 4,050.50p 0.75% Burberry Group (BRBY) 1,785.00p 0.68% Compass Group (CPG) 1,935.00p 0.47% National Grid (NG.) 1,080.50p 0.23% BT Group (BT.A) 144.65p 0.10% Imperial Brands (IMB) 1,953.00p 0.05%

FTSE 100 - Fallers

Ocado Group (OCDO) 690.20p -13.20% Melrose Industries (MRO) 121.05p -4.42% Kingfisher (KGF) 247.30p -3.74% SEGRO (SGRO) 913.20p -3.53% Frasers Group (FRAS) 826.00p -3.50% Tesco (TSCO) 244.50p -3.40% Taylor Wimpey (TW.) 107.00p -3.30% Persimmon (PSN) 1,470.00p -3.26%Q Next (NXT) 5,872.00p -3.17% Scottish Mortgage Inv Trust (SMT) 823.80p -3.04%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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