FTSE 100 movers: Capital buys Trafford Centre

25th Nov 2010 13:07

Capital Shopping Centres, the shopping centre arm of what used to be Liberty International, has raced ahead after it agreed the purchase Manchester's Trafford Centre in a deal worth £1.6bn.Capital is paying for the purchase from Peel in shares and convertible bonds. It also intends to raise cash through a placing. This has sparked rises in other property companies, including Hammerson, British Land and Land Securities. Royal Bank of Scotland is lower on fears of potential losses on its exposure to Ireland. FTSE 100 - RisersCapital Shopping Centres Group (CSCG) 371.00p +9.96%Hammerson (HMSO) 411.50p +6.22%British Land Co (BLND) 492.90p +3.07%Admiral Group (ADM) 1,570.00p +2.55%Land Securities Group (LAND) 655.00p +2.42%Whitbread (WTB) 1,736.00p +2.18%Weir Group (WEIR) 1,720.00p +2.08%Old Mutual (OML) 127.90p +1.99%Marks & Spencer Group (MKS) 381.90p +1.84%Cairn Energy (CNE) 387.50p +1.84%FTSE 100 - FallersCompass Group (CPG) 550.00p -2.83%Royal Bank of Scotland Group (RBS) 40.09p -1.16%Amec (AMEC) 1,126.00p -1.05%Sage Group (SGE) 256.30p -1.00%Imperial Tobacco Group (IMT) 1,918.00p -0.98%Essar Energy (ESSR) 502.00p -0.89%Burberry Group (BRBY) 1,041.00p -0.86%Prudential (PRU) 584.50p -0.85%National Grid (NG.) 575.50p -0.78%African Barrick Gold (ABG) 522.00p -0.57%