FTSE 100 movers: Burberry tops risers after price target upgrade

8th Nov 2012 15:18

Burberry and Randgold, two of the worst performers from yesterday's session after reporting results, were among the highest risers today. Burberry was being helped higher by Barclays Capital, which raised its target price on the stock from 1,100p to 1,200p and maintained its 'overweight' rating. Also in demand was insurance group Aviva after saying that it nearing the sale of its US life and annuities business, as it reported a slight rise in net asset value. Experian gained after hiking its dividend and reporting strong revenue grout in the first half. The company also announced an efficiency programme designed to save the firm $75m a year. ?Meanwhile, security group G4S was leading the fallers on reports that it has lost the contract to operate the Wolds prison as the jail returns to public-sector management next year. Mining group ENRC fell after saying that revenue declined in the first nine months of 2012 due to lower selling prices for its principal commodities. Pennon Group, the water services and waste management group, was also taking a hit after Nomura cut its targert price from 755p to 730p and retained a neutral rating. FTSE 100 - RisersBurberry Group (BRBY) 1,228.00p +2.42%Randgold Resources Ltd. (RRS) 7,075.00p +1.80%British American Tobacco (BATS) 3,187.00p +1.67%Croda International (CRDA) 2,216.00p +1.60%Experian (EXPN) 1,060.00p +1.53%Tullow Oil (TLW) 1,414.00p +1.51%Aviva (AV.) 333.30p +1.46%Barclays (BARC) 238.85p +1.27%Carnival (CCL) 2,520.00p +1.12%Compass Group (CPG) 696.50p +1.02%FTSE 100 - FallersG4S (GFS) 256.20p -4.26%Eurasian Natural Resources Corp. (ENRC) 297.90p -2.33%Pennon Group (PNN) 679.00p -1.95%Land Securities Group (LAND) 796.00p -1.85%CRH (CRH) 1,138.00p -1.64%Serco Group (SRP) 561.50p -1.23%Meggitt (MGGT) 373.80p -1.22%SSE (SSE) 1,417.00p -1.05%Lloyds Banking Group (LLOY) 44.03p -1.00%Morrison (Wm) Supermarkets (MRW) 264.90p -0.97%NR