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FTSE 100 movers: Intertek jumps on readacross from SGS

Tue, 21st Jan 2014 15:09

Intertek, a provider of testing and safety solutions, jumped as a result of readacross from its sector peer, Swiss firm SGS, which posted upbeat full-year results. Consumer products group Unilever was also high riser today after reporting underlying sales growth of 4.3% for 2013, helped by strong growth in the emerging markets.Drugs maker GlaxoSmithKline rose after reporting that its new HIV treatment, Tivicay, has received approval in Europe. Mining stocks sank on weak metal prices, pushing Randgold Resources, Anglo American, Rio Tinto, Fresnillo, BHP Billiton, and Glencore Xstrata all firmly lower. Investors were also focusing on comments from Goldman Sachs, which adjusted its commodity price forecasts for 2014 and beyond. William Hill slumped after JPMorgan Cazenove expressed concerns about potential regulatory restrictions on machine gaming, which could result in 'material downgrades and significant shop closures' at the bookmaker. Weir Group slumped after fellow oil services provider Baker Hughes highlighted higher costs for the sector in its fourth-quarter results. Baker said a surplus of natural-gas supply led to lower prices and pushed energy companies to shift operations to oil-rich shale, which is more difficult to tap. British Land was named as HSBC's key 'overweight'-rated company, giving the stock a lift today, as the bank gave an upbeat outlook for UK property sector.FTSE 100 - RisersIntertek Group (ITRK) 3,037.00p +4.44%Associated British Foods (ABF) 2,792.00p +3.71%Standard Chartered (STAN) 1,368.50p +3.05%Hargreaves Lansdown (HL.) 1,554.00p +2.98%easyJet (EZJ) 1,722.00p +2.93%Imperial Tobacco Group (IMT) 2,281.00p +2.38%Reckitt Benckiser Group (RB.) 4,792.00p +2.33%Diageo (DGE) 1,989.00p +2.16%Unilever (ULVR) 2,488.00p +2.09%Coca-Cola HBC AG (CDI) (CCH) 1,762.00p +1.85%FTSE 100 - FallersRandgold Resources Ltd. (RRS) 4,049.00p -3.25%William Hill (WMH) 352.20p -2.71%Anglo American (AAL) 1,356.00p -2.66%Rio Tinto (RIO) 3,249.00p -2.61%Aberdeen Asset Management (ADN) 425.40p -2.30%Weir Group (WEIR) 2,181.00p -2.07%Fresnillo (FRES) 761.50p -1.93%BHP Billiton (BLT) 1,857.50p -1.54%GKN (GKN) 399.80p -1.43%Glencore Xstrata (GLEN) 333.60p -1.30%NR

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