London’s FTSE 100 was down 0.4% at 7,561.57 in afternoon trade on Tuesday.
Experian rallied as it narrowed its full-year targets to the upper end of guidance after a strong third quarter with revenue growth accelerating from the first half.
Ocado gained after the online grocer forecast a return to positive earnings for 2022/23 year as fourth-quarter revenues rose by almost 11%.
Housebuilder Persimmon was boosted by an upgrade to ‘buy’ from hold’ at Jefferies, which said it sees scope for a meaningful change in sentiment towards the group, given its position to leverage into an improving market.
Rightmove took a hit after JPMorgan Cazenove downgraded the shares to ‘underweight’ from ‘neutral’ and cut the price target to 493p from 585p as it pointed to higher R&D and opex spend.
AstraZeneca was in the red after UBS downgraded the shares to ‘sell’ from ‘buy’.
“Our key concern is the exposure of the company to US…
