FTSE 100 movers: BHP falls after bumper figures

16th Feb 2011 12:52

Rocketing commodity prices meant record interim profits for BHP Billiton plus a huge investment programme and share buyback scheme but the share price still fell. Profit attributable to shareholders jumped 72% to US$10.5bn (£6.5bn) on revenue up 39% to $34.2bn. The group announced an ambitious investment programme that's expected to top $80bn over five years, and a $10bn share buyback programme, expected to be completed by the end of 2011,Tullow Oil has plugged and abandoned its Gharabi-1 well, located in Block 6 offshore Mauritania after poor drilling results. Matrix has shaved 2p a share from its valuation of Tullow. HSBC has upgraded Land Securities from underweight to neutral and British Land from neutral to overweight. Matrix has upgraded its target price for Land Securities from 736p to 752p and for British Land form 529p to 566p.FTSE 100 - Risers GKN (GKN) 217.50p +4.72%Resolution Ltd. (RSL) 276.40p +4.70%Land Securities Group (LAND) 726.50p +3.49%International Consolidated Airlines Group SA (IAG) 253.70p +2.75%Royal Bank of Scotland Group (RBS) 46.38p +2.50%British Land Co (BLND) 556.00p +2.39%HSBC Holdings (HSBA) 720.20p +2.31%Kingfisher (KGF) 258.90p +1.98%Prudential (PRU) 729.50p +1.91%Fresnillo (FRES) 1,474.00p +1.87%FTSE 100 - Fallers BHP Billiton (BLT) 2,446.50p -2.14%Tullow Oil (TLW) 1,400.00p -1.89%Wolseley (WOS) 2,145.00p -1.83%Man Group (EMG) 302.50p -1.72%Rio Tinto (RIO) 4,518.00p -1.39%Serco Group (SRP) 544.00p -1.27%Pearson (PSON) 1,048.00p -0.76%Capita Group (CPI) 680.50p -0.73%Petrofac Ltd. (PFC) 1,539.00p -0.71%BG Group (BG.) 1,505.00p -0.66%