FTSE 100 movers: BP a high riser on TNK-BP sale plans

1st Jun 2012 13:16

BP surged early on after revealing that it wants to sell-up at TNK-BP, the joint venture it set up with a consortium of Russian investors, as speculation has run rampant in recent days of a breakdown in the relationship between the British oil firm and its partners. Jefferies this morning estimated that the 50% stake in the Russian joint venture is worth $30bn. After initially rise, telecoms giant BT Group fell after saying that it has sold its application development services business in France to the Paris-listed IT services company, Osiatis. BG Group was heading lower, with investors likely to still be perplexed over Chief Executive's decision to offloaded more than £4.7m-worth of shares without an explanation earlier this week. FTSE 100 - RisersMan Group (EMG) 76.40p +4.80%BP (BP.) 404.70p +2.48%Severn Trent (SVT) 1,744.00p +1.34%SSE (SSE) 1,336.00p +0.98%United Utilities Group (UU.) 662.50p +0.84%Admiral Group (ADM) 1,046.00p +0.67%International Consolidated Airlines Group SA (CDI) (IAG) 139.60p +0.65%Imperial Tobacco Group (IMT) 2,352.00p +0.43%Vodafone Group (VOD) 173.70p +0.40%Resolution Ltd. (RSL) 193.30p +0.21%FTSE 100 - FallersFresnillo (FRES) 1,283.00p -4.82%Evraz (EVR) 283.90p -3.86%GKN (GKN) 176.00p -3.83%ITV (ITV) 70.15p -3.77%Amec (AMEC) 930.00p -3.73%Petrofac Ltd. (PFC) 1,490.00p -3.68%BG Group (BG.) 1,198.00p -3.58%Tullow Oil (TLW) 1,372.00p -3.52%Burberry Group (BRBY) 1,320.00p -3.44%Croda International (CRDA) 2,160.00p -3.40%NR