FTSE 100 movers: Brazilian optimism for BG

1st Oct 2010 13:40

BG is higher after its Spanish peer Repsol announced a deal with the Chinese refiner Sinopec, which will result in Sinopec holding a 40% stake in Repsol's Brazilian unit. BG and Repsol have been exploring for oil in the waters of Brazil in partnership and the deal is thought likely to be beneficial for BG.Speculation that BP may start paying dividends again has helped its share price. Bob Dudley, who becomes chief executive of the oil company today, said that the board would meet soon to discuss restoring payouts next year, according to newspaper reports.Credit Suisse has started researching AMEC and its initial recommendation is outperform. JPMorgan Cazenove has upgraded Fresnillo from underweight to neutral. News that Merrill Lynch will be buying back Experian shares on the company's behalf during the close period ahead of interims on 17 November was not enough to stop the share price declining. Compass has acquired Denmark-based caterer IDA Service A/S for around £17m. Royal Bank of Scotland rates Compass a buy but the caterer's shares still fell.There was profit-taking in Burberry after its recent bid rumour fuelled rise. Societe Generale cut its recommendation from buy to hold. FTSE 100 - RisersBG Group (BG.) 1,166.50p +4.29%ARM Holdings (ARM) 405.70p +3.44%BP (BP.) 441.30p +3.16%Capital Shopping Centres Group (CSCG) 377.60p +2.69%Weir Group (WEIR) 1,461.00p +2.67%Land Securities Group (LAND) 655.50p +2.34%Amec (AMEC) 1,008.00p +2.23%Tullow Oil (TLW) 1,302.00p +2.20%Fresnillo (FRES) 1,267.00p +2.01%Anglo American (AAL) 2,576.00p +2.00%FTSE 100 - FallersExperian Group (EXPN) 681.00p -1.73%Cobham (COB) 228.00p -1.30%Aggreko (AGK) 1,552.00p -1.15%Compass Group (CPG) 524.50p -1.13%Shire Plc (SHP) 1,419.00p -1.05%Severn Trent (SVT) 1,298.00p -0.99%Burberry Group (BRBY) 1,031.00p -0.87%Associated British Foods (ABF) 1,041.00p -0.76%Rolls-Royce Group (RR.) 599.00p -0.75%SABMiller (SAB) 2,023.00p -0.61%