FTSE 100 Movers: BG rising as Reckitt Benckiser falls
Tue 25 Oct 2011
LONDON (SHARECAST) - Oil and gas giant BG Group was soaring high after announcing that it has raised its liquefied natural gas (LNG) operating profit guidance for 2011 after the division outperformed its expectations in the third quarter.
BP was hot on its heels after promising to build a "stronger and safer" company, as it plans to sell off more low-returning assets and invest in higher-growth opportunities.
ARM wasn't far behind, having seen revenues grow 20% in the third quarter of 2011 compared to the same period of 2010. Sterling revenues rose to £120.2m from £100.4m the year before.
Meanwhile, shares in Reckitt Benckiser took a tumble on Tuesday after its chief executive warned of slower growth in its pharmaceuticals division.
In a report on its third quarter results CEO Rakesh Kapoor admitted that year-on-year growth is likely to slow in the fourth quarter as it nears the anniversary of the SSL International acquisition.
FTSE 100 - Risers
BG Group (BG.) 1,383.50p +4.26%
BP (BP.) 454.40p +3.72%
ARM Holdings (ARM) 592.50p +2.95%
Capita Group (CPI) 734.50p +2.87%
Rolls-Royce Group (RR.) 720.00p +2.13%
Burberry Group (BRBY) 1,271.00p +2.01%bg.
Vedanta Resources (VED) 1,248.00p +1.55%
Resolution Ltd. (RSL) 281.10p +1.41%
Weir Group (WEIR) 1,864.00p +1.14%
Essar Energy (ESSR) 293.30p +0.96%
FTSE 100 - Fallers
Reckitt Benckiser Group (RB.) 3,281.00p -4.79%
Lonmin (LMI) 1,062.00p -4.50%
ICAP (IAP) 410.20p -3.98%
British Land Co (BLND) 502.00p -3.55%
Barclays (BARC) 180.60p -3.27%
Hammerson (HMSO) 396.50p -3.13%
Antofagasta (ANTO) 1,144.00p -2.89%
Glencore International (GLEN) 407.15p -2.80%
BHP Billiton (BLT) 1,942.00p -2.71%
Capital Shopping Centres Group (CSCG) 330.50p -2.65%