FTSE 100 Movers: Capita falls on disappointing guidance

18th Nov 2011 14:56

This is now the fifth consecutive day of falls for London's blue chip index, which has steadily declined from last Friday's closing price of 5,545 (-3.3%). Capita occupied one of the bottom spots after saying it expects to see organic revenue growth decline 7% in 2011. Following the statement, Investec slashed its target price to 630p from 725p and maintained its hold rating.ARM Holdings was among the worst performers after the firm's president yesterday gave a cautious outlook for 2012. The microchip designer expects research and development (R&D) spending growth to slow next year, Tudor Brown told Dow Jones Newswire reporters in a technology forum in Taipei. The miners were also out of favour on the back of worries about the global economy. Fresnillo, BHP Billiton, Antofagasta, Anglo American and Xstrata were among the worst performers of the day so far. Sector peer Rio Tinto also fell after increasing its offer for uranium developer Hathor Exploration. Meanwhile, International Consolidated Airlines was on the up, rising in sympathy with US peer American airlines, which was higher after a week of losses on Wall Street.FTSE 100 - RisersInternational Consolidated Airlines Group SA (IAG) 143.00p +1.06%BT Group (BT.A) 186.30p +0.76%British Sky Broadcasting Group (BSY) 725.50p +0.62%Petrofac Ltd. (PFC) 1,387.00p +0.43%ITV (ITV) 63.70p +0.31%Carnival (CCL) 2,058.00p +0.29%Smith & Nephew (SN.) 581.50p +0.26%RSA Insurance Group (RSA) 107.20p +0.19%ICAP (IAP) 341.60p +0.12%FTSE 100 - FallersInmarsat (ISAT) 417.90p -4.33%Weir Group (WEIR) 1,776.00p -4.05%Capita Group (CPI) 640.50p -4.04%Fresnillo (FRES) 1,689.00p -3.98%ARM Holdings (ARM) 599.50p -3.69%Glencore International (GLEN) 399.70p -3.20%Standard Life (SL.) 193.70p -3.05%SABMiller (SAB) 2,128.00p -2.90%Antofagasta (ANTO) 1,071.00p -2.90%Wolseley (WOS) 1,818.00p -2.73%NR