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FTSE 100 movers: M&A speculation lifts TUI Travel

Tue, 05th Apr 2011 16:28

M&A chatter is lifting TUI Travel, the owner of Thomson and other holiday brands. Its parent group, Germany's TUI AG, is said to be considering selling its stake in the shipping group Hapag-Lloyd. Advertising giant WPP is buying a minority stake in Canadian firm Vice Holdings, a global youth media brand that operates in more than 30 countries. Shares are off the mark.Banking giant Barclays is among the fallers today. Chief executive Bob Diamond announced that the lender is looking to increase its risk appetite despite its return on equity being set to fall from 7.2% last year to below 7% this year. Broker Seymour Pierce kept its 'hold' rating saying that it is uncertain about future growth in revenues.Vodafone is also under the weather, unaided by a target price reduction by Nomura. With the disposal of its 44% stake in SRF now removed as positive catalyst, the Japanese broker thinks that Vodafone faces more difficult newsflow, such as a new telecom policy draft in India and a tough outlook in Spain. "There is scope for the stock to fall back towards 170p in the near-term," warns the broker. ---bcFTSE 100 - RisersVedanta Resources (VED) 2,496.00p +3.48%Resolution Ltd. (RSL) 303.20p +2.99%ICAP (IAP) 541.50p +2.85%ARM Holdings (ARM) 589.50p +2.79%TUI Travel (TT.) 228.50p +2.42%Randgold Resources Ltd. (RRS) 5,210.00p +2.06%Man Group (EMG) 248.40p +1.93%Essar Energy (ESSR) 469.20p +1.65%Cairn Energy (CNE) 469.30p +1.54%SABMiller (SAB) 2,266.50p +1.32%FTSE 100 - FallersInvensys (ISYS) 343.50p -2.36%IMI (IMI) 1,036.00p -2.17%Aggreko (AGK) 1,644.00p -2.03%ITV (ITV) 78.25p -1.94%National Grid (NG.) 589.00p -1.83%United Utilities Group (UU.) 590.00p -1.75%Vodafone Group (VOD) 175.95p -1.62%Compass Group (CPG) 554.50p -1.60%Rio Tinto (RIO) 4,409.00p -1.54%International Consolidated Airlines Group SA (IAG) 220.90p -1.52%

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