FTSE 100 movers: Broker comment provides drag

17th Nov 2014 15:57

Standard Chartered dropped into the red after Canaccord Genuity reiterated its 'sell' rating and lowered its target price to 850p from 1,000p.Tesco declined after Goldman Sachs stuck with its 'sell' rating on the stock and shrunk its target price cut to 155p from 250p.Credit Suisse and JP Morgan Cazenove both dragged IMI lower after cutting their target prices on the group to 1,450p from 1,500p and to 1,522p from 1,720p, respectively.Meanwhile, shopping centre developer Hammerson moved higher after saying it and its partners in a European joint venture had bought three more properties.Consumer products giant Reckitt Benckiser Group (RB) has unveiled the proposed timetable for the demerger of its RB Pharmaceuticals business, which will have a separate UK listing under the name of Indivior. Under the move by the maker of Cillit Bang and Nurofen, RB investors will receive one Indivior share for each RB share that they hold.FTSE 100 - RisersFresnillo (FRES) 738.50p +2.50%Randgold Resources Ltd. (RRS) 4,359.00p +2.47%ARM Holdings (ARM) 890.50p +2.47%British Sky Broadcasting Group (SKY) 863.00p +1.83%Friends Life Group Limited (FLG) 332.90p +1.56%Vodafone Group (VOD) 228.75p +1.53%TUI Travel (TT.) 420.80p +1.37%Carnival (CCL) 2,635.00p +1.35%Anglo American (AAL) 1,372.50p +1.29%British American Tobacco (BATS) 3,703.50p +1.23%FTSE 100 - FallersWeir Group (WEIR) 2,049.00p -3.67%Standard Chartered (STAN) 933.90p -2.51%Sainsbury (J) (SBRY) 264.50p -2.07%IMI (IMI) 1,231.00p -1.99%Tesco (TSCO) 192.30p -1.38%BG Group (BG.) 1,033.50p -1.20%Capita (CPI) 1,054.00p -1.13%Tullow Oil (TLW) 459.50p -0.93%AstraZeneca (AZN) 4,613.00p -0.91%Wolseley (WOS) 3,429.00p -0.90%