FTSE 100 Movers: Surpise fall for Burberry

It was a surprise fall for Burberry, the luxury fashion retailer, which has seen profits before tax rise 26% to £162m on revenues of £830m, while the interim dividend has been raised by 40% to 7p per share. Even after Nomura upped its full-year numbers, saying it sees "significant growth potential ahead", the firm continued to vie for the top spot on the fallers, perhaps because the broker kept its neutral stance on the stock. Glencore International was also falling despite Credit Suisse reiterating its outperform recommendation and 550p target on the stock. The banks were also out of favour, with RBS, Barclays and Lloyds registering steep falls. Meanwhile base metal mining oriented group Rio Tinto rose on reports that it is unlikely to walk away from a bidding war for uranium developer Hathor Exploration, after rival bidder Cameco Corp trumped the global miner with a C$625m ($615m) offer. FTSE 100 - RisersSmith & Nephew (SN.) 589.00p +2.88%Fresnillo (FRES) 1,851.00p +2.15%Tate & Lyle (TATE) 684.00p +1.86%Capita Group (CPI) 673.50p +1.74%United Utilities Group (UU.) 637.50p +1.35%Severn Trent (SVT) 1,604.00p +1.33%British American Tobacco (BATS) 2,930.50p +1.28%Diageo (DGE) 1,335.00p +1.10%Rio Tinto (RIO) 3,459.00p +1.05%British Sky Broadcasting Group (BSY) 750.50p +1.01%FTSE 100 - FallersBurberry Group (BRBY) 1,355.00p -4.64%Essar Energy (ESSR) 275.20p -4.11%Lloyds Banking Group (LLOY) 27.58p -2.80%Royal Bank of Scotland Group (RBS) 21.36p -2.64%Glencore International (GLEN) 417.20p -2.64%GKN (GKN) 188.80p -2.13%Intertek Group (ITRK) 1,881.00p -2.13%Lonmin (LMI) 1,052.00p -1.96%Man Group (EMG) 143.60p -1.71%Kingfisher (KGF) 249.10p -1.46%NR