FTSE 100 Movers: Fresnillo is heading for gold

3rd Aug 2011 14:39

Fresnillo's share price continues to soar as rising precious metals prices boosted revenues at the Mexican silver and gold miner in the six months to 30 June. Total revenue rose to $1.056bn (£644.5m) from $605.7m the previous year, while earnings before interest, depreciation and amortisation (EBITDA) rose to $757m from $394.3m. Oil exploration group Cairn Energy saw its share price plummet after a disappointing result in its drilling campaign offshore Greenland. Despite the initial promising analysis in the South Ungavva area, the LF7-1 exploration well has not met its target. After reporting sparkling first half profits as better than expected, the world's largest beverage can maker Rexam saw its share price head north.For the first-half of the year, total sales were flat at £2.49bn. For the period, organic operating profit for the beverage can segment rose 12%, whereas operating profit for the plastic packaging business fell 2%. FTSE 100 - RisersFresnillo (FRES) 1,913.00p +5.52%Rexam (REX) 372.10p +5.17%Lonmin (LMI) 1,251.00p +3.73%GKN (GKN) 223.60p +3.04%Admiral Group (ADM) 1,540.00p +2.46%Severn Trent (SVT) 1,482.00p +2.14%Vodafone Group (VOD) 172.50p +2.10%Marks & Spencer Group (MKS) 341.70p +1.82%United Utilities Group (UU.) 601.00p +1.69%Scottish & Southern Energy (SSE) 1,311.00p +1.63%FTSE 100 - FallersCairn Energy (CNE) 332.80p -5.64%Glencore International (GLEN) 438.45p -4.36%SABMiller (SAB) 2,184.00p -4.02%Schroders (SDR) 1,571.00p -3.97%Tullow Oil (TLW) 1,167.00p -3.95%Inmarsat (ISAT) 489.60p -3.43%ARM Holdings (ARM) 551.00p -3.33%Smith & Nephew (SN.) 596.00p -3.17%AstraZeneca (AZN) 2,806.00p -3.12%Schroders (Non-Voting) (SDRC) 1,296.00p -3.07%