FTSE 100 movers: Cairn results well received

Cairn Energy is higher following its 2010 results, even though there was no news on the Cairn India stake sale to Vedanta Resources. Cairn posted a net profit of $1.08bn in 2010. An update on the oil explorer's plans for Greenland was generally well received. RBS analyst Phil Corbett said that Greenland is an exciting exploration opportunity over the long term, "and that the shares deserve to trade at a premium to our 400p estimate of the read through from the Vedanta deal." Full year figures from Prudential beat expectations on all key performance measures, according to UBS. The Swiss bank remains a buyer and ups the target price from 800p to 850p a share, saying "our detailed analysis suggests a strong underlying picture."Citigroup has raised its price target for fund manager Schroders from 1960p to 2000p a share.GKN is lower on speculation of a bid for French peer Latecoere. The French aerospace firm, which provides doors for Boeing and Airbus, is looking for a buyer, according to reports from a French newspaper. Chinese aviation group AVIC and Dutch aircraft firm Fokker-Stork are also potential bidders. Exane BNP Paribas has moved to a neutral stance on WPP. FTSE 100 - Risers Cairn Energy (CNE) 426.70p +1.67%Essar Energy (ESSR) 447.70p +1.66%Inmarsat (ISAT) 593.50p +1.63%BG Group (BG.) 1,503.50p +1.48%Resolution Ltd. (RSL) 282.40p +1.25%Royal Bank of Scotland Group (RBS) 41.83p +1.06%Sage Group (SGE) 270.40p +1.05%ICAP (IAP) 512.50p +0.99%Prudential (PRU) 730.00p +0.97%Schroders (Non-Voting) (SDRC) 1,371.00p +0.81%FTSE 100 - Fallers GKN (GKN) 189.00p -3.82%Johnson Matthey (JMAT) 1,820.00p -3.40%TUI Travel (TT.) 227.20p -2.36%Petrofac Ltd. (PFC) 1,381.00p -2.06%Fresnillo (FRES) 1,455.00p -2.02%WPP (WPP) 759.00p -1.56%ITV (ITV) 85.25p -1.56%Weir Group (WEIR) 1,682.00p -1.52%Unilever (ULVR) 1,813.00p -1.41%IMI (IMI) 973.50p -1.22%