FTSE 100 movers: ENRC up on positive outlook

19th Aug 2009 11:41

ENRC is a bright spot despite reporting a 63% slide in pre-tax profits for the first half of 2009. The dividend has been cut in half but investors were encouraged by a strong set of second quarter production figures and optimistic noises made by the management about prospects for the rest of the year.Shares in Shire are down after JP Morgan cuts its stance on the drugmaker to "neutral" from "overweight" on valuation grounds and kept its 1,120p target price.Scottish & Southern Energy is also lower, trading ex-dividend. FTSE 100 - RisersEurasian Natural Resources (ENRC) 831.50p +7.01%Fresnillo (FRES) 577.00p +1.23%Bunzl (BNZL) 542.00p +1.12%United Utilities Group (UU.) 436.80p +1.11%Smith & Nephew (SN.) 476.10p +0.95%Serco Group (SRP) 431.40p +0.87%Next (NXT) 1,654.00p +0.85%GlaxoSmithKline (GSK) 1,179.50p +0.73%Marks & Spencer Group (MKS) 330.10p +0.55%Home Retail Group (HOME) 298.10p +0.54%FTSE 100 - FallersScottish & Southern Energy (SSE) 1,080.00p -4.76%Man Group (EMG) 249.70p -3.85%Shire Plc (SHP) 1,001.00p -3.47%HSBC Holdings (HSBA) 634.20p -3.32%British Land Co (BLND) 468.40p -3.02%Vedanta Resources (VED) 1,643.00p -2.78%ICAP (IAP) 429.30p -2.76%3i Group (III) 275.60p -2.65%Antofagasta (ANTO) 699.00p -2.65%Hammerson (HMSO) 382.80p -2.62%