ENRC.L Share News (ENRC)

Shares in ITV leapt after the broadcaster beat market expectations, despite net advertising revenue falling in the third quarter. NAR for the 'ITV Family' was down 10% in July, down 9% in August and down 1% in September, after taking a hit from the Olympics and Paralympics, which were shown on the BBC. Banking giant Lloyds is continuing to rise following a strong set of results and an upbeat note from UBS, which raised its target price from 44p to 46p, saying that the bank's third-quarter results showed "solid progress and improving momentum". Core business profit in the third quarter was £1.7bn, the highest reported level for nearly two years, UBS said, "with the group enjoying both margin expansion and a faster decline in impairments than previously expected". Telecoms giant Vodafone has plunged into the red after guiding lower on its adjusted free cash flow for the year (although at first glance the 2014 cash flow target seems intact) and after unveiling a share repurchase plan, instead of the expected "pass -through" of Verizon Wireless´s special dividend, which in itself was lower than expected. As if that were not enough, its bottom line was hit by a huge impairment charge during the half year ended September 30th, linked to its investments in Italy and Spain. Also heading lower was Anglo American after revealing that continuing delays at the Minas-Rio iron ore project in Brazil are likely to push up the cost of the project more than the market had been expecting. Sector peers EVRAZ, Kazakhmys and ENRC were also registering steep losses. Also in the red was British Gas owner Centrica, which has vigorously denied claims it had a hand in the manipulation of wholesale gas prices. Investigations are underway by the Financial Services Authority (FSA) and Ofgem following claims by a whistleblower. Outsourcing giant Capita was also a heavy faller despite saying it is confident it will deliver 3% organic growth for the year and an improved cash conversion rate for 2012 as compared to 2011. Panmure Gordon said this morning that the stock's premium valuation (compared with the sector) is "too rich". FTSE 100 - RisersITV (ITV) 94.20p +8.53%Lloyds Banking Group (LLOY) 46.01p +1.93%Bunzl (BNZL) 1,028.00p +1.28%Associated British Foods (ABF) 1,401.00p +1.16%Prudential (PRU) 856.00p +0.82%Reckitt Benckiser Group (RB.) 3,808.00p +0.82%Aberdeen Asset Management (ADN) 339.40p +0.77%Reed Elsevier (REL) 615.00p +0.74%British Sky Broadcasting Group (BSY) 759.00p +0.73%Imperial Tobacco Group (IMT) 2,444.00p +0.70%FTSE 100 - FallersVodafone Group (VOD) 160.40p -3.72%Anglo American (AAL) 1,766.50p -3.34%Burberry Group (BRBY) 1,212.00p -2.81%Centrica (CNA) 310.80p -2.75%Polymetal International (POLY) 1,120.00p -2.52%Evraz (EVR) 231.80p -1.99%Carnival (CCL) 2,497.00p -1.85%Antofagasta (ANTO) 1,236.00p -1.67%Vedanta Resources (VED) 1,085.00p -1.63%Capita (CPI) 716.50p -1.44%NR