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FTSE 100 movers: Glencore leads market on buy recommendation

Mon, 21st Dec 2015 13:51

(ShareCast News) - The FTSE 100 started the short week on a high with the index up 52.66 points (0.87%) to 6,105.08 by mid-afternoon Monday.It was also the first day that Worldpay, Provident Financial and DCC were trading on the blue chip market, replacing Morrisons, G4S and Meggitt.Glencore led the risers, after Citi reiterated its 'buy' rating based on the miner's latest investor day. It said it believed the company will be able to deliver on the promises made, with possible asset sales holding the greatest potential to move markets. The note said all of the measures announced then were steps in the right direction."While investors are awaiting another streaming deal (indicated by end-2015) and asset divestments, we remain confident in Glencore's ability to achieve the remaining measures during 2016," analysts Heath R Jansen and Jatinder Goel said in the research report sent to clients.ITV shares were also big winners, after a report in the Mail on Sunday that US media colossus Comcast and ITV have begun talks about a potential £11bn takeover bid for the broadcaster. ITV's 9.9% shareholder Liberty Global, although it has previously said it has no intention of making a bid itself, may not be happy with rival Comcast's plans.Meanwhile, news came out Monday morning that BG Group and Royal Dutch Shell will seek High Court approval to hold shareholder meetings over their £55bn merger following satisfaction of the final pre-condition to the recommended combination and with the unanimous approval of both boards.Following High Court approval, the scheme document will be published as soon as practicable, which is currently expected to be on 22 December 2015. That sent shares in BG Group up, however when compounded with the continued fall in oil prices, both sets of Royal Dutch Shell were on the list of the market's fallers.The biggest faller came from bottler Coca-Cola HBC, which dropped nearly 3% by the afternoon. While the company had no material news in the day, the company is continuing its share buyback programme. It announced before the markets opened that it had repurchased another 100,000 shares for an average price of 1,498.35 per share. It takes the total number of shares repurchased to 2,899,088.FTSE 100 - RisersGlencore (GLEN) 84.55p 4.56%ITV (ITV) 274.30p 3.98%Antofagasta (ANTO) 428.20p 2.86%Standard Life (SL.) 385.00p 2.83%InterContinental Hotels Group (IHG) 2,593.00p 2.77%Anglo American (AAL) 285.80p 2.57%Sainsbury (J) (SBRY) 261.60p 2.51%Old Mutual (OML) 176.10p 2.50%Tesco (TSCO) 146.90p 2.41%BG Group (BG.) 929.10p 2.32%FTSE 100 - FallersCoca-Cola HBC AG (CDI) (CCH) 1,456.00p -2.93%Smith & Nephew (SN.) 1,148.00p -2.05%Associated British Foods (ABF) 3,272.00p -1.65%Sports Direct International (SPD) 566.00p -0.70%Ashtead Group (AHT) 1,103.00p -0.63%Royal Dutch Shell 'A' (RDSA) 1,460.00p -0.24%Royal Dutch Shell 'B' (RDSB) 1,466.50p -0.17%Inmarsat (ISAT) 1,107.00p -0.09%Rolls-Royce Holdings (RR.) 576.00p -0.09%
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