FTSE 100 movers: Antofagasta digs itself to the bottom of the pile

13th Mar 2012 14:12

Antofagasta was in the bottom spot despite boasting of another year of record revenues, profits and output in 2011. However, the market was largely unimpressed by the figures from the Chilean copper miner which parted company earlier this month with its Chief Executive Officer.The shares retreated in early trading on Tuesday after the release of the figures with analysts concerned that post-tax profits of $1.24bn, while up on 2010's $1.05bn result, were below the $1.26bn the market had been expecting.Global security titan G4S was also falling after profits both rose and fell in 2011. Profit from operations before amortisation and impairment of acquisition-related intangible assets and exceptional items rose 2.1% in 2011 to £531m from £520m in 2010, although the 2010 figure has been restated at constant exchange rates and adjusted for discontinued operations. Meanwhile, Vedanta Resources was heading the risers, adding to its winning streak in the year-to-date - the stock has gained around 50% in 2012 so far. Sector peers Rio Tinto and Kazakhmys were also rising higher. Lloyds and Royal Bank of Scotland (RBS) were both rising despite Unite, the trade union for bank workers, criticising new plans that will see the two banks slash a total of 1,764 jobs across the UK. FTSE 100 - RisersVedanta Resources (VED) 1,417.00p +3.51%GKN (GKN) 216.80p +2.75%Kingfisher (KGF) 294.20p +2.58%InterContinental Hotels Group (IHG) 1,485.00p +2.56%International Consolidated Airlines Group SA (IAG) 166.90p +2.27%IMI (IMI) 1,011.00p +2.17%Kazakhmys (KAZ) 975.50p +2.09%Standard Chartered (STAN) 1,595.50p +2.05%HSBC Holdings (HSBA) 567.50p +2.05%Legal & General Group (LGEN) 123.50p +1.90%FTSE 100 - FallersAntofagasta (ANTO) 1,230.00p -3.15%G4S (GFS) 284.30p -1.80%Petrofac Ltd. (PFC) 1,677.00p -0.95%ITV (ITV) 86.25p -0.86%Shire Plc (SHP) 2,231.00p -0.58%Diageo (DGE) 1,544.00p -0.58%Imperial Tobacco Group (IMT) 2,566.00p -0.39%Ashmore Group (ASHM) 380.50p -0.34%Severn Trent (SVT) 1,593.00p -0.25%National Grid (NG.) 653.00p -0.23%NR