FTSE 100 movers: Capita rises on Zurich talks

1st Mar 2011 13:39

Capita is the best performer in the footsie after the outsourcer revealed that it is in talks with insurer Zurich about performing some administrative tasks. The talks cover the UK and as well as some of Zurich's European administrative operations.Mexican miner Fresnillo is investing $800m in its projects this year. It believes that the rise in gold and silver prices makes acquisitions less attractive. Fresnillo more than doubled its 2010 net profit to $665m. ABF has bounced back after yesterday's fall.Engineer GKN is lower even though it reported a sharp recovery in underlying profit from £87m to £363m, plus a 5p a share dividend for the year. The Driveline, Powder Metallurgy and Land Systems all recovered strongly. Aerospace sales were lower but this is described as a good performance under current conditions. HSBC has been cut from buy to hold by Deutsche Bank. FTSE 100 - Risers Capita Group (CPI) 761.50p +4.96%Petrofac Ltd. (PFC) 1,440.00p +3.37%Fresnillo (FRES) 1,643.00p +3.07%Associated British Foods (ABF) 996.00p +3.05%Lonmin (LMI) 1,885.00p +2.67%Wolseley (WOS) 2,187.00p +2.15%Aggreko (AGK) 1,477.00p +2.07%Intertek Group (ITRK) 1,841.00p +2.05%Serco Group (SRP) 555.50p +2.02%Johnson Matthey (JMAT) 1,891.00p +1.94%FTSE 100 - Fallers Kingfisher (KGF) 244.30p -3.97%GKN (GKN) 203.50p -3.05%Whitbread (WTB) 1,743.00p -2.19%Bunzl (BNZL) 743.50p -2.17%HSBC Holdings (HSBA) 665.10p -1.90%ARM Holdings (ARM) 605.50p -1.86%Marks & Spencer Group (MKS) 340.10p -1.82%Next (NXT) 1,941.00p -1.77%BG Group (BG.) 1,470.50p -1.74%Standard Life (SL.) 234.80p -1.72%