FTSE 100 movers: Fuel cost worries weigh on IAG

4th Nov 2011 16:30

After a good showing in the morning session, Footsie turned lower after a mixed set of US jobs data for October. Among those stocks still holding on to the morning's gains are a number due to report next week, including Morrisons, Marks & Spencer and Land Securities. On the downside, airline group IAG is losing altitude after it announced nine-month results, October traffic statistics and confirmation of its acquisition of BMI from Deutsche Lufthansa.The airline said revenue in the third quarter of 2011 rose 2.2% to €4,490m from €4,392m the year before. Passenger revenue was up 2.9% year-on-year, while cargo revenue was up 0.3%.However, high fuel costs continue to have a significant impact on the business. "This quarter fuel costs are up 23.7 per cent, compared to last year, while non- fuel costs are flat," revealed IAG's chief executive, Willie Walsh.FTSE 100 - RisersARM Holdings (ARM) 645.50p +7.23%Ashmore Group (ASHM) 335.60p +1.88%Morrison (Wm) Supermarkets (MRW) 312.60p +1.79%Imperial Tobacco Group (IMT) 2,288.00p +1.69%Antofagasta (ANTO) 1,210.00p +1.68%Marks & Spencer Group (MKS) 323.80p +1.50%Land Securities Group (LAND) 688.50p +1.40%British American Tobacco (BATS) 2,928.50p +1.40%Kazakhmys (KAZ) 949.00p +1.39%Aggreko (AGK) 1,787.00p +1.30%FTSE 100 - FallersInternational Consolidated Airlines Group SA (IAG) 157.40p -6.53%ICAP (IAP) 352.10p -4.42%Inmarsat (ISAT) 461.50p -3.75%InterContinental Hotels Group (IHG) 1,090.00p -2.85%SSE (SSE) 1,319.00p -2.80%Kingfisher (KGF) 262.50p -2.78%Meggitt (MGGT) 383.30p -2.64%Man Group (EMG) 141.00p -2.56%Cairn Energy (CNE) 292.80p -2.40%Xstrata (XTA) 1,007.50p -2.33%