FTSE 100 movers: Shire climbs after pleasing with Q3 profit

Shire Pharmaceuticals posted higher third quarter profit and said it was confident of prospering as an independent company after US group Abbvie dropped its takeover bid. Shire said non-GAAP operating income rose 60% to $717m on a 32% lift in revenue to $1.6bn and a 33% increase in product sales to $1.55bn. Non-GAAP diluted earnings per share also lifted 60% to $2.93.

Early on Friday afternoon broker Charles Stanley upped its view on the shares to 'accumulate' from 'hold'.

Deutsche Bank lifted Lloyds Banking Group after restating its 'buy' rating and raising its target price from 94p to 95p.

The broker had the opposite effect on G4S after reiterating its 'sell' rating on the security group.

Publishing and education group Pearson fell after it revealed that its chief financial officer (CFO) is to step down after 10 years of service, as the Financial Times owner reiterated its profit guidance for the full year. Robin Freestone, who joined as deputy CFO in 2004 before becoming head CFO in 2006, is to leave the firm before the end of 2015 "to explore a range of other interests", Pearson said.

There was more bad news for Tesco on Friday after new figures showed it was the industry's biggest sales loser in the last three months. Tesco's sales in the 12 weeks to 11 October dropped 5.2% against the same period a year ago, according to data from retail researchers Nielsen. The stock was also hit by target price cuts from Espirito Santo, Deutsche Bank and JP Morgan Cazenove.

Airlines, travel and leisure stocks were in the red on the back of Ebola fears, with IAG, Easyjet, Intercontinental Hotels, TUI Travel and Carnival all registering losses.

FTSE 100 - Risers
Shire Plc (SHP) 4,037.00p +3.65%
Vodafone Group (VOD) 201.15p +2.18%
Standard Chartered (STAN) 1,111.00p +1.09%
Old Mutual (OML) 184.90p +0.76%
Kingfisher (KGF) 293.60p +0.69%
3i Group (III) 380.00p +0.66%
Sainsbury (J) (SBRY) 238.60p +0.59%
Ashtead Group (AHT) 998.00p +0.55%
British Sky Broadcasting Group (BSY) 864.00p +0.52%
Lloyds Banking Group (LLOY) 76.64p +0.41%

FTSE 100 - Fallers
G4S (GFS) 250.70p -2.53%
Pearson (PSON) 1,141.00p -2.40%
Anglo American (AAL) 1,308.50p -2.35%
Tullow Oil (TLW) 494.20p -2.24%
Reckitt Benckiser Group (RB.) 4,968.00p -2.11%
InterContinental Hotels Group (IHG) 2,216.00p -1.95%
BT Group (BT.A) 369.60p -1.86%
Rio Tinto (RIO) 3,005.00p -1.85%
Next (NXT) 6,515.00p -1.66%
BHP Billiton (BLT) 1,631.00p -1.66%