FTSE 100 Movers: Buyers find value at Morrisons

8th Sep 2011 13:16

Heading up was supermarket chain Morrisons after its focus on value - and longer opening hours - helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year. Turnover climbed to £8.7bn from £8.1bn, while like-for-like sales rose by 2.2%. Fund manager Schroders' share price took a knock after Deutche Bank downgraded it from buy to sell. The target price was raised to 1,900p, up from 1,477p. The company also revealed that it is considering the launch of an income fund of funds within its Maximiser fund range. FTSE 100 - RisersGlencore International (GLEN) 422.80p +4.20%Marks & Spencer Group (MKS) 326.00p +3.89%Man Group (EMG) 228.10p +3.49%Essar Energy (ESSR) 262.90p +3.46%Morrison (Wm) Supermarkets (MRW) 298.80p +3.25%Hargreaves Lansdown (HL.) 501.50p +3.15%Royal Bank of Scotland Group (RBS) 23.16p +3.12%Randgold Resources Ltd. (RRS) 6,950.00p +2.51%Vedanta Resources (VED) 1,423.00p +2.37%Tate & Lyle (TATE) 604.00p +2.29%FTSE 100 - FallersSchroders (SDR) 1,437.00p -2.71%Admiral Group (ADM) 1,367.00p -2.15%Lonmin (LMI) 1,235.00p -1.98%Johnson Matthey (JMAT) 1,593.00p -1.91%Schroders (Non-Voting) (SDRC) 1,146.00p -1.80%Eurasian Natural Resources Corp. (ENRC) 651.00p -1.74%Wolseley (WOS) 1,586.00p -1.43%Unilever (ULVR) 2,022.00p -1.32%Scottish & Southern Energy (SSE) 1,282.00p -1.08%Centrica (CNA) 295.10p -1.07%NR