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FTSE 100 movers: JP Morgan comments lift Intertek

Wed, 29th Oct 2014 16:12

JP Morgan analysts Robert Plant, Chris Gallagher and Jolyon Wellington on Wednesday reiterated their 'overweight' recommendation on shares of testing services firm Intertek following a sales meeting with the company's chief executive officer, Wolfhart Hauser, on Tuesday afternoon."It was an interesting meeting and it seemed to us that, after a weak first half, trading should improve somewhat in the second half and then into next year," the analysts said.TUI Travel shares also moved firmly higher after the majority of its shareholders approved the merger with TUI AG.Capita declined after missing out on Ministry of Justice contracts after FTSE 250 group Interserve became the only UK-listed group to be named as a preferred bidder. Capita had placed bids for five contracts.Shares in banking group Standard Chartered continued to decline after the company reported a 16% decline in operating profit in the third quarter and said that full-year earnings would be lower than last year.A profit warnings from Next hit fellow retailer Marks & Spencer, although Next itself came off its intra-day low to end the day with limited losses.FTSE 100 - RisersIntertek Group (ITRK) 2,708.00p +5.04%TUI Travel (TT.) 395.00p +3.21%Hargreaves Lansdown (HL.) 977.00p +2.68%Experian (EXPN) 947.50p +2.49%IMI (IMI) 1,203.00p +2.47%Old Mutual (OML) 190.60p +2.47%Aberdeen Asset Management (ADN) 423.10p +2.40%Pearson (PSON) 1,160.00p +2.38%Carnival (CCL) 2,432.00p +2.14%Tullow Oil (TLW) 495.70p +2.06%FTSE 100 - FallersCapita (CPI) 1,085.00p -6.22%Royal Mail (RMG) 438.60p -3.24%International Consolidated Airlines Group SA (CDI) (IAG) 388.30p -1.70%Barclays (BARC) 220.10p -1.30%Rio Tinto (RIO) 2,998.00p -0.84%Standard Chartered (STAN) 990.90p -0.75%Fresnillo (FRES) 752.00p -0.73%Marks & Spencer Group (MKS) 403.80p -0.69%Whitbread (WTB) 4,298.00p -0.60%St James's Place (STJ) 691.00p -0.58%

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