Terrestrial broadcaster ITV is the worst performing stock after warning that it is facing tougher comparatives in the current quarter, meaning that the firm could underperform the market in the first half. Banking giant HSBC is lower after announcing that it is to cut costs and may abandon some business areas in order to direct investment to faster growing markets. The share price of oil titan BP has taken a knock despite the group having finally received approval by regulators to complete the purchase of ten Brazilian exploration and production blocks from Devon Energy. Meanwhile, the retail stocks are in demand, with Kingfisher, Marks & Spencer and Sainsbury heading higher. A record number of customer transactions helped Sainsbury beat sales and profits forecasts, prompting the supermarket giant to hike its dividend by 6.3%. Energy services firm Wood Group is off the mark despite saying that it expects full year results to be in line with expectations. "The long term fundamentals for oil & gas and gas fired power generation remain strong and we believe the refocused group is well positioned to deliver good longer term growth," the group said. FTSE 100 - RisersKingfisher (KGF) 285.70p +2.62%Man Group (EMG) 254.40p +2.29%Amec (AMEC) 1,209.00p +1.94%Burberry Group (BRBY) 1,354.00p +1.88%Smiths Group (SMIN) 1,262.00p +1.77%Marks & Spencer Group (MKS) 402.90p +1.77%Shire Plc (SHP) 1,908.00p +1.54%Serco Group (SRP) 558.00p +1.45%Centrica (CNA) 312.90p +1.36%Reed Elsevier (REL) 556.50p +1.27%FTSE 100 - FallersITV (ITV) 72.85p -4.02%Kazakhmys (KAZ) 1,267.00p -2.61%Fresnillo (FRES) 1,437.00p -2.31%Morrison (Wm) Supermarkets (MRW) 301.40p -1.89%Xstrata (XTA) 1,416.00p -1.80%Whitbread (WTB) 1,630.00p -1.69%Inmarsat (ISAT) 609.50p -1.69%Royal Dutch Shell 'A' (RDSA) 2,213.00p -1.60%Unilever (ULVR) 1,970.00p -1.50%Rexam (REX) 392.10p -1.48%