FTSE 100 movers: ENRC doubles profit

23rd Mar 2011 16:02

Miners are on the rise and they have pushed the index higher.Underlying profits more than doubled last year at Kazakhstan-based mining giant ENRC with this year also expected to see production at "at effectively full available capacity", though it says rising costs are a worry. Record production in 2010 and higher prices in 2010 lifted revenue by 72% to $6.6bn, with like-for-like sales up 62%. The shares sit atop a very buoyant mining sector.Sainsbury's is on offer. The supermarket chain grew like for like sales by less than expected during the fourth quarter following a widely-predicted slowdown since Christmas. Like for like sales excluding fuel but including VAT rose 1% in the 10 weeks to 19 March compared with 3.6% in the third quarter and the 1.5% to 2% growth predicted by analysts. Tom Gadsby, at Matrix Group said sales growth showed "quite a slowdown" from the third quarter update. Terrestrial broadcaster ITV is lower on worries about a slow down in TV advertising.Aviva and InterContinental Hotels Group have gone ex-dividend. Aviva has gone ex the final dividend of 16p a share and the share price has declined slightly more than that figure. InterContinental Hotels has fallen by far more than the 22p a share final dividend. FTSE 100 - Risers Essar Energy (ESSR) 465.90p +3.67%Kazakhmys (KAZ) 1,420.00p +3.65%Eurasian Natural Resources Corp. (ENRC) 929.00p +3.39%Xstrata (XTA) 1,420.50p +3.35%Cairn Energy (CNE) 440.60p +2.94%Antofagasta (ANTO) 1,391.00p +2.81%Rio Tinto (RIO) 4,111.00p +2.43%Amec (AMEC) 1,166.00p +2.37%SABMiller (SAB) 2,065.00p +2.23%Randgold Resources Ltd. (RRS) 4,610.00p +2.22%FTSE 100 - Fallers Sainsbury (J) (SBRY) 332.30p -6.21%ITV (ITV) 79.95p -5.61%Aviva (AV.) 429.00p -4.01%BG Group (BG.) 1,467.50p -2.52%Centrica (CNA) 318.00p -2.45%International Consolidated Airlines Group SA (IAG) 216.60p -2.39%InterContinental Hotels Group (IHG) 1,242.00p -2.36%Hargreaves Lansdown (HL.) 606.00p -2.26%TUI Travel (TT.) 223.40p -2.10%Scottish & Southern Energy (SSE) 1,208.00p -1.95%