FTSE 100 movers: Funds growth for Man

4th Nov 2010 14:04

Hedge fund manager Man Group has risen more than 10% as funds under management grew in the third quarter of 2010.Man reported a rise in funds under management to $40.5bn (£25.2bn) from $38.5bn the previous quarter. The firm says that it was 'due to strong investment performance and favourable FX movements.'ENRC, Kazakhmys and Xstrata are all higher on the back of hopes that the Fed's stimulus measures will boost demand for metals. Mining giant BHP Billiton is also higher after the Canadian government blocked the Anglo-Australian firm's proposed $38.6bn takeover of fertiliser giant Potash.Anglo-Dutch household goods giant Unilever reported third quarter turnover 13% ahead at €11.55bn from €10.20bn a year earlier, which was above market forecasts of €11.35bn.Rolls-Royce has been hit by the fact that a failure of one of its engines has led Quantas to ground its fleet of new Super Jumbo Airbuses. Supermarket Morrisons is lower after it said total sales excluding fuel in the 13 weeks to the end of October 2010 were up by 2.8%, with like-for-like sales up by 1.3%.Outsourcer Serco continues to fall after Monday's embarrassing u-turn on supplier rebates. Capita is falling in sympathy. FTSE 100 - RisersMan Group (EMG) 285.20p +12.42%Eurasian Natural Resources Corp. (ENRC) 943.50p +6.25%Xstrata (XTA) 1,350.00p +5.76%Kazakhmys (KAZ) 1,446.00p +5.62%Invensys (ISYS) 302.50p +5.44%BHP Billiton (BLT) 2,402.50p +5.37%Unilever (ULVR) 1,905.00p +5.25%Fresnillo (FRES) 1,360.00p +5.18%Antofagasta (ANTO) 1,391.00p +5.14%Prudential (PRU) 648.00p +4.68%FTSE 100 - FallersRolls-Royce Group (RR.) 628.00p -4.05%Morrison (Wm) Supermarkets (MRW) 282.40p -2.62%Next (NXT) 2,131.00p -2.25%ARM Holdings (ARM) 339.00p -1.85%Experian (EXPN) 728.50p -1.55%Capita Group (CPI) 733.00p -1.54%Marks & Spencer Group (MKS) 413.40p -1.45%Serco Group (SRP) 553.50p -1.25%Cobham (COB) 209.40p -0.99%Bunzl (BNZL) 736.50p -0.61%