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FTSE 100 movers: Schroders moves higher

Mon, 09th Aug 2010 15:31

The rising stock market and last week's strong interim figures have made fund manager Schroders the best performer in the Footsie. Funds under management were £164bn at the end of June 2010, up from £148.4bn at the end of 2009.Legal & General and Barclays - the shares go ex-dividend on Wednesday - are two other financial companies whose share prices are rising. International Power is higher on reports it will reveal a merger with French utility GDF Suez. That should trigger a £1.3bn cash distribution for International Power shareholders. The deal is expected to be announced tomorrow.There are few significant fallers today. RBS is the biggest after news that it will be taking joint control, with Anglo Irish Bank, of Irish department stores group Arnotts following a debt restructuring. RBS was also joint lead manager on the $500m, bond issue that was pulled by drilling rig contractor KCA Deutag. FTSE 100 - RisersSchroders (SDR) 1,429.00p +4.23%Schroders NV (SDRC) 1,162.00p +3.75%TUI Travel (TT.) 224.40p +3.70%Legal & General Group (LGEN) 90.05p +3.39%Barclays (BARC) 333.20p +2.65%Prudential (PRU) 586.50p +2.62%Old Mutual (OML) 127.60p +2.57%International Power (IPR) 375.60p +2.51%British Airways (BAY) 234.10p +2.27%Aviva (AV.) 390.10p +2.20%FTSE 100 - FallersRoyal Bank of Scotland Group (RBS) 50.50p -1.17%African Barrick Gold (ABG) 562.50p -0.97%Bunzl (BNZL) 685.00p -0.51%Eurasian Natural Resources (ENRC) 983.50p -0.41%Reed Elsevier (REL) 552.00p -0.36%Randgold Resources (RRS) 5,395.00p -0.28%Man Group (EMG) 226.30p -0.09%Inmarsat (ISAT) 741.00p -0.07%Capital Shopping Centres Group (CSCG) 335.00p -0.03%

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