George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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FTSE 100 movers: BAE drops on broker notes

Thu, 13th Sep 2012 14:56

Defence group BAE Systems was also a heavy faller, pulling back after surging yesterday on discussions with aerospace giant EADS regarding a "possible combination" of the businesses. Investec, Societe Generale and Oriel Securities cut their recommendations for the stock this morning.Hot on its heels was High Street retailer Next, which tanked after the firm warned that the second half has got off to a poor start: "Disappointing sales in an unusual August and early September reinforce the wisdom of [our] conservative approach." The firm had experienced a decent first half in which revenues rose 4.8% and profits increased 10.2%. Meanwhile, pharmaceuticals giant GlaxoSmithKline (GSK) has acquired five million newly-issued shares in Response Genetics, taking its stake in the company to around 15.2 per cent.British telecoms giant BT was extending yesterday's gains after sealing a "ground-breaking" £152m deal on afternoon for a range of exclusive live rights for Premiership Rugby, dealing a massive blow to current broadcaster BSkyB. FTSE 100 - RisersRolls-Royce Holdings (RR.) 852.00p +2.84%Vodafone Group (VOD) 177.25p +1.87%Resolution Ltd. (RSL) 220.90p +1.66%BG Group (BG.) 1,259.00p +1.57%Sainsbury (J) (SBRY) 337.30p +1.57%Pearson (PSON) 1,179.00p +1.46%Hargreaves Lansdown (HL.) 638.00p +1.27%Whitbread (WTB) 2,264.00p +1.25%Smith & Nephew (SN.) 692.50p +1.17%Prudential (PRU) 832.00p +1.16%FTSE 100 - FallersBAE Systems (BA.) 336.20p -7.54%Next (NXT) 3,357.00p -6.20%Vedanta Resources (VED) 953.50p -3.25%Evraz (EVR) 260.90p -3.01%Glencore International (GLEN) 351.15p -2.35%Eurasian Natural Resources Corp. (ENRC) 327.00p -2.24%Johnson Matthey (JMAT) 2,439.00p -1.85%Kazakhmys (KAZ) 666.50p -1.70%Ashmore Group (ASHM) 322.60p -1.68%Rio Tinto (RIO) 3,028.50p -1.58%NR

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