FTSE 100 movers: Barclays lifted by iShares talk

15th May 2009 13:17

Barclays did well on hopes it may backtrack on a deal to sell its iShares unit to CVC, the private equity group, and instead offload its entire asset management division for £6.5bn. Barclays agreed last month to sell its iShares unit to CVC Capital Partners for $4.2bn, but is now reportedly considering selling the whole of its Barclays Global Investors unit - of which iShares is a part. Credit checking firm Experian ipicked up after JP Morgan and Deutsche Bank both issued positive notes on the company. JP Morgan recommends its clients should be overweight in the stock an has a price target of 600p, while Deutsche rates the stock a 'buy' upgrading it from 'hold', and has a price target of 540p.Shocking figures from property giant Land Securities on Wednesday still cast a shadow over the real estate investment trusts (REITs). LandSecs leads the sector lower but Hammerson and British Land - the latter due to declare results next week - also nurse heavy losses. FTSE 100 - RisersBarclays (BARC) 264.25p +4.45%Experian Group (EXPN) 481.50p +3.49%Vedanta Resources (VED) 1,290.00p +3.04%Cobham (COB) 190.40p +2.64%Inmarsat (ISAT) 512.00p +1.69%Royal Bank of Scotland Group (RBS) 40.10p +1.52%Bunzl (BNZL) 508.50p +1.19%Kingfisher (KGF) 177.50p +1.08%FTSE 100 - FallersFresnillo (FRES) 591.00p -6.34%Land Securities Group (LAND) 461.75p -5.77%Standard Life (SL.) 181.50p -4.27%BT Group (BT.A) 85.00p -3.85%Autonomy Corporation (AU.) 1,341.00p -3.59%Hammerson (HMSO) 275.75p -3.58%British Airways (BAY) 154.50p -3.44%RSA Insurance Group (RSA) 122.90p -3.23%