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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: Burberry, StanChart gain; Frasers in the red

(Sharecast News) - London's FTSE 100 was up 0.1% at 7,767.95 in afternoon trade on Monday. Online supermarket Ocado was the standout gainer on the index, closely followed by Standard Chartered and luxury fashion brand Burberry.

Victoria Scholar, head of investment at Interactive Investor, said China-linked stocks like Burberry and StanChart were up "following positive price action overnight from the Shanghai Composite and the Hang Seng".

BA and Iberia owner IAG flew higher after budget airline Ryanair said it bounced back to a near-record annual profit following a "strong" post-Covid recovery.

Mike Ashley's Frasers Group was weaker following a report it is in advanced talks to buy cycling goods specialist ProBikeKit.

According to Sky News, Frasers is close to buying the stock and intellectual property assets of PBK from online nutrition and beauty retailer THG.

City sources told Sky a deal could be finalised and announced later this week.

FTSE 100 - Risers

Ocado Group (OCDO) 406.50p 3.17% JD Sports Fashion (JD.) 163.40p 2.61% Standard Chartered (STAN) 650.00p 2.52% Burberry Group (BRBY) 2,338.00p 2.10% Beazley (BEZ) 624.00p 1.63% International Consolidated Airlines Group SA (CDI) (IAG) 159.50p 1.43% Admiral Group (ADM) 2,281.00p 1.42% Flutter Entertainment (CDI) (FLTR) 16,570.00p 1.04% HSBC Holdings (HSBA) 616.90p 1.00% NATWEST GROUP (NWG) 270.80p 0.89%

FTSE 100 - Fallers

Halma (HLMA) 2,440.00p -2.32% Convatec Group (CTEC) 222.20p -1.77% Frasers Group (FRAS) 755.00p -1.37% Vodafone Group (VOD) 82.16p -1.12% Melrose Industries (MRO) 479.00p -1.05% Smiths Group (SMIN) 1,693.00p -1.05% Sage Group (SGE) 858.00p -0.81% Unilever (ULVR) 4,237.00p -0.80% RS Group (RS1) 852.20p -0.79% Sainsbury (J) (SBRY) 279.00p -0.71%

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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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