FTSE 100 movers: Carnival falls after cruise ship crash

16th Jan 2012 14:22

Big news on the FTSE 100 today was cruise operator Carnival, which fell 17% after one of its ships grounded off the coast of Italy at the weekend. The company said that the cost of not having the Costa Concordia in service will be between $85m and $95m. The stock was not helped by a downgrade from Morgan Stanley.Publishing giant Pearson led the risers, helped by some positive comments from Credit Suisse, which maintained its outperform rating on the stock. In its assessment of the rise of social media on the broader media industry, the Swiss broker said it continues to hold an overweight position on the publishing sector and Pearson in particular, which is the "best in class among the publishers for its social media presence to-date and innovation."Oil and gas giant Cairn Energy fell on the back of rumours that it could launch a takeover of sector peer Rockhopper Exploration. The Sunday Times reported yesterday that cash rich Cairn, which made billions by developing fields in India, is interested in taking over Rockhopper's key asset, the Sea Lion field, 80 miles north of the FalklandsAerospace, defence and energy market engineer Meggitt was rising after being upgraded from sell to neutral by UBS. Burberry was one of the best performers ahead of a trading statement due out tomorrow. GDP data is also expected out from China tomorrow, a key growth market for the luxury firm. Distribution and outsourcing firm Bunzl was lower after Credit Suisse cut its rating from neutral to underperform. Pay-TV and broadband supplier British Sky Broadcasting was out of favour, with Nomura highlighting some challenges it may face in 2012. These include a FA Premier League rights auction which could see increased competition from TV networks Al Jazeera and ESPN. BCFTSE 100 - RisersPearson (PSON) 1,254.00p +3.04%Hargreaves Lansdown (HL.) 439.10p +2.24%GKN (GKN) 200.00p +1.88%Burberry Group (BRBY) 1,291.00p +1.57%Meggitt (MGGT) 370.50p +1.53%BT Group (BT.A) 206.50p +1.52%Tate & Lyle (TATE) 695.50p +1.46%ARM Holdings (ARM) 583.00p +1.39%BHP Billiton (BLT) 2,071.00p +1.27%Old Mutual (OML) 143.00p +1.20%FTSE 100 - FallersCarnival (CCL) 1,865.00p -17.04%Capita (CPI) 642.00p -2.43%Vedanta Resources (VED) 1,062.00p -2.12%Evraz (EVR) 392.70p -2.07%Lloyds Banking Group (LLOY) 28.91p -2.00%Cairn Energy (CNE) 287.30p -1.68%ICAP (IAP) 331.40p -1.57%Barclays (BARC) 198.20p -1.49%Kingfisher (KGF) 248.20p -1.47%Imperial Tobacco Group (IMT) 2,349.00p -1.43%