FTSE 100 movers: Schroders drops after profit misses targets

Asset management firm Schroders has taken a tumble as profits came short of expectations in the first quarter. The group's profit before tax rose to £103.8m, from £93.2m in the first quarter of 2010, but that wasn't enough for investors who were hoping for a figure closer to £117m.Lloyds has also taken a hit after its first quarter profits fell sharply as the bank took an impairment charge that was half a billion pounds large than it was expecting. RBS and Barclays have also fallen back.Medical devices firm Smith & Nephew is wanted after said first quarter revenue rose to $1.055bn from $995m the year before, boosted by progress at its US knee franchise.Spirits group Diageo isn't too far behind after it registered 7% organic net sale growth in the first quarter of 2011, even though Europe remained a drag on sales.Supermarket group Morrison saw shares rise after total sales grew by 4.2% during the 13 weeks to 1 May. Peer Kingfisher is also firmer.Indian miner Vedanta Resources is off the mark despite producing record volumes of commodities in the year to 31 March, helping revenues jump 44% to $11.4bn.---BCFTSE 100 - RisersARM Holdings (ARM) 576.50p +3.32%Smith & Nephew (SN.) 680.50p +3.11%Carnival (CCL) 2,490.00p +1.72%Diageo (DGE) 1,230.00p +1.49%Morrison (Wm) Supermarkets (MRW) 303.50p +1.07%British American Tobacco (BATS) 2,681.50p +1.06%Hammerson (HMSO) 472.30p +0.75%United Utilities Group (UU.) 633.00p +0.72%Kingfisher (KGF) 277.60p +0.58%International Consolidated Airlines Group SA (IAG) 240.70p +0.54%FTSE 100 - FallersSchroders (SDR) 1,714.00p -8.44%Lloyds Banking Group (LLOY) 53.31p -8.12%Schroders (Non-Voting) (SDRC) 1,408.00p -7.43%Essar Energy (ESSR) 429.50p -4.79%Fresnillo (FRES) 1,451.00p -4.22%Royal Bank of Scotland Group (RBS) 40.18p -3.65%Vedanta Resources (VED) 2,140.00p -3.60%3i Group (III) 268.50p -3.24%Barclays (BARC) 275.30p -3.00%Hargreaves Lansdown (HL.) 622.00p -2.96%