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FTSE 100 movers: Carnival lifted by strong results, airline stocks rebound

Fri, 27th Mar 2015 13:12

Carnival topped the risers as strong first-quarter results prompted a lift in full year earnings guidance. It boasted that advance bookings for the remainder of 2015 were steaming ahead of the prior year and at higher prices."We are experiencing an on-going improvement in underlying fundamentals based on our successful initiatives to drive demand. Our efforts to further elevate our guest experience are clearly resonating with consumers and, notably, improving the frequency and retention of our loyal guests," said president and chief executive Arnold Donald.Airline stocks Easyjet and IAG were performing well, rebounding after falling sharply on Thursday on the back of a spike in the oil price. Crude prices pulled back on Friday, while RBC Capital Markets upgraded Easyjet to 'outperform'.Barratt Developments was higher after announcing that chief executive Mark Clare has stepped down following nine years in the role, to be replaced by finance director David Thomas. Analysts had criticised Clare for being unambitious.Vodafone was among the risers after results from an Indian spectrum auction this week came in better than many had expected. JP Morgan Cazenove maintained an 'overweight' stance on the stock, saying: "With the auction overhang removed and FX pressures easing, we believe it is time to focus back onto the re-rating potential offered by Vodafone's improving European outlook, and our anticipated return to revenue growth."Shire was boosted as analysts at UBS lifted its target for Shire's share price from 5,500p to 6,600p, highlighting three potential blockbuster products at the pharmaceutical group: Natpara and Gattex acquired though NPS and Shire's own Vyvanese product for binge eating disorder.Miners BHP Billiton, Anglo American, Randgold Resources, Rio Tinto and Glencore were among the fallers as metal prices weakened.Royal Bank of Scotland dipped into the red after confirming it will be offloading its Coutts private banking business to Switzerland's Union Bancaire Privée.RisersCarnival (CCL) 3,186.00p +5.36%InterContinental Hotels Group (IHG) 2,643.00p +2.88%Shire Plc (SHP) 5,425.00p +2.17%London Stock Exchange Group (LSE) 2,446.00p +2.13%International Consolidated Airlines Group SA (CDI) (IAG) 597.50p +1.79%easyJet (EZJ) 1,863.00p +1.42%Compass Group (CPG) 1,176.00p +1.38%SABMiller (SAB) 3,607.00p +1.26%Standard Chartered (STAN) 1,110.50p +0.95%Land Securities Group (LAND) 1,270.00p +0.79%FallersAnglo American (AAL) 1,036.00p -3.76%Glencore (GLEN) 286.15p -3.72%Randgold Resources Ltd. (RRS) 4,729.00p -3.53%BHP Billiton (BLT) 1,493.50p -3.18%Rio Tinto (RIO) 2,786.50p -3.15%Weir Group (WEIR) 1,731.00p -2.59%Barclays (BARC) 244.15p -2.34%Sports Direct International (SPD) 626.50p -2.26%Capita (CPI) 1,140.00p -2.06%Fresnillo (FRES) 696.00p -2.04%

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