Car insurance giant Admiral was the highest riser of the day today after Bank of America hiked its rating on the stock by two notches from 'underperform' to 'buy'. Analyst William Hardcastle said: "We are shifting our focus away from the PE growth multiple (close to historical low at 10.7 times) to the 2013 estimated dividend yield of 9.1%. This is now the highest in the sector (and FTSE 100) following 18 percentage point relative underperformance since 2011 results, and can't be ignored in our view. We now see Admiral as an income rather than growth stock." Tate & Lyle shares were recovering after reporting a decline in first half profits on Thursday. IAG was flying higher after revealing details of a "transformation plan" to get its loss-making Spanish airline Iberia back on track, which includes laying off 4,500 employees. To accompany its third-quarter results, which showed a sharp decline in its bottom line, the company said that a restructuring is needed to "save" Iberia and return it to profitability. Investec has retained its 'buy' rating and 930p target price for power systems group Rolls-Royce after the company's in-line third-quarter statement on Friday, prompting the shares to rise. Shares in Hammerson edged higher despite the group saying that it remains 'cautious' about the economic outlook in the UK and Europe. The company announced the disposal of its final office property, Stockley House, for £42m, 10% above book value, it confirmed that it is now exclusively retail focused. Meanwhile, it was the cyclical sectors (mining and financial) that were providing a drag on the Footsie today on concerns over the global economy. ENRC, EVRAZ and Xstrata led resources lower, while Barclays, Aviva, and Lloyds were also registering losses. FTSE 100 - RisersAdmiral Group (ADM) 1,062.00p +4.22%Croda International (CRDA) 2,277.00p +3.03%Tate & Lyle (TATE) 748.50p +2.53%International Consolidated Airlines Group SA (CDI) (IAG) 172.00p +2.38%Smith & Nephew (SN.) 656.00p +2.10%Rolls-Royce Holdings (RR.) 876.50p +1.80%CRH (CRH) 1,146.00p +1.42%BG Group (BG.) 1,056.00p +1.15%Fresnillo (FRES) 1,930.00p +1.05%Wood Group (John) (WG.) 854.00p +0.71%FTSE 100 - FallersEvraz (EVR) 235.30p -2.93%Barclays (BARC) 230.40p -2.62%Royal Bank of Scotland Group (RBS) 269.40p -1.82%Eurasian Natural Resources Corp. (ENRC) 289.70p -1.66%National Grid (NG.) 688.50p -1.64%G4S (GFS) 255.30p -1.50%Anglo American (AAL) 1,859.00p -1.33%Aviva (AV.) 325.90p -1.33%Tullow Oil (TLW) 1,384.00p -1.21%United Utilities Group (UU.) 651.50p -1.14%NR