FTSE Close: Blue-chip index ends week higher, Ocado Slides on M&S Spat

London markets closed the week on a positive note, with the FTSE 100 up 0.7% and the FTSE 250 climbing 1.6%. However, Ocado shares fell 7% as tensions with partner Marks & Spencer continued.

The wider market rally followed a strong performance in the US, while Ocado’s decline came after the company threatened legal action against M&S over a disputed £190.7 million payment.

Daily Recap

Pearson and ITV were among the biggest gainers, rising 5.4% and 14% respectively, following positive earnings updates and the broadcaster’s decision to sell its BritBox stake.

Meanwhile, energy services provider eEnergy surged 29% after securing a £40 million funding deal with NatWest Group. Superdry’s share price dipped 13% after the company extended a deadline for a potential takeover by its founder.

Daily Risers and Fallers

FTSE All-Share risers: ITV 14.34%, Quilter 10.52%, Close Bros 10.38%, Wag Payment 7.44%, TBC Bank Group 6.93%, Taylor Maritim 6.71%, Bank Of Georgia Group 6.58%, Digital 9 6.44%, Zotefoams 6.25%, Synthomer 5.7%.

FTSE All-Share fallers: Superdry 13.15%, Ocado 6.92%, Pensionbee 4.26%, Spectris 4.05%, Downing Renewa. 3.76%, Dowlais 3.57%, Luceco 3.29%, Petrofac 3.27%, Mobico Group 3.08%, Genus 2.9%.