The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

FTSE 100 movers: Insurers under the weather

Mon, 23rd May 2011 15:12

Analysts at Digital Look have attributed the share price weakness of insurers Admiral and Old Mutual to the Icelandic volcano, which could cause disruption to travellers across western Europe on reports of a drifting ash cloud.Airline International Consolidated Airlines is also flying lower.Also weighing on the blue-chip index today is the ongoing eurozone crisis, with the spotlight turning to Italy, with Standard & Poors changing its stance on the nation to 'negative', from 'stable'.The situation has dampened copper prices, and also the demand for South American copper miner Antofagasta.Oil prices are also on the decline, hurting oil services group John Wood Group, which has fallen nearly 6%. Meanwhile, ICAP is helped higher after Credit Suisse upgraded the interdealer broker from 'underperform' to 'outperform', saying that the group is "attractively postioned over the long-term" with the recent share price weakness providing a good entry point. ---BCFTSE 100 - RisersCapita Group (CPI) 718.50p +1.05%Next (NXT) 2,238.00p +0.54%Serco Group (SRP) 553.00p +0.45%ICAP (IAP) 469.30p +0.41%Marks & Spencer Group (MKS) 399.20p +0.10%Randgold Resources Ltd. (RRS) 4,759.00p +0.08%FTSE 100 - FallersJohn Wood Group (WG.) 625.50p -5.51%Admiral Group (ADM) 1,639.00p -4.26%Man Group (EMG) 239.30p -4.05%International Consolidated Airlines Group SA (IAG) 238.20p -3.80%Old Mutual (OML) 125.70p -3.60%Anglo American (AAL) 2,848.50p -3.49%Essar Energy (ESSR) 420.80p -3.18%ARM Holdings (ARM) 554.00p -3.15%Antofagasta (ANTO) 1,171.00p -2.98%Schroders (Non-Voting) (SDRC) 1,313.00p -2.96%

Related Shares

More News
2 May 2024 13:49

UK dividends calendar - next 7 days

18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

16 Apr 2024 09:48

LONDON BROKER RATINGS: RBC raises Admiral; Barclays cuts Phoenix Group

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

5 Apr 2024 15:22

London close: Stocks finish lower as US payrolls top forecasts

(Sharecast News) - London markets closed lower on Friday amid a backdrop of heightened investor caution, following robust US job data for March, hawki...

18 Mar 2024 09:11

LONDON BROKER RATINGS: Exane raises Rentokil; RBC cuts Centrica

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.