FTSE 100 movers: Glencore float talk boosts Xstrata

6th Dec 2010 13:08

The potential flotation of Xstrata's biggest shareholder has boosted the miner. Glencore, the world's largest commodity trader, could be one of the biggest flotations on the London market. Engine designer Rolls-Royce has announced a clutch of contract wins worth $110m in total for energy projects across the globe. Bank of America Merrill Lynch has upgraded Rolls-Royce from neutral to buy, Shares in Cobham have fallen back after it announced that it is paying an initial $28m for RVision Inc and Bank of America Merrill Lynch downgraded from buy to neutral because of defence spending worries.Up to $20m more is payable for RVision between 2012 and 2014 depending on performance. RVision makes electro-optical and infrared imaging systems and it will become part of the surveillance division.FTSE 100 - RisersCapita Group (CPI) 661.00p +4.01%Xstrata (XTA) 1,432.00p +3.02%Tullow Oil (TLW) 1,206.00p +2.38%Cairn Energy (CNE) 406.10p +2.09%Rolls-Royce Group (RR.) 640.50p +2.07%BG Group (BG.) 1,256.50p +1.78%Inmarsat (ISAT) 664.50p +1.76%Compass Group (CPG) 583.00p +1.66%BP (BP.) 441.60p +1.47%Associated British Foods (ABF) 1,110.00p +1.46%FTSE 100 - FallersRandgold Resources Ltd. (RRS) 5,850.00p -2.99%Eurasian Natural Resources Corp. (ENRC) 912.50p -2.20%Vedanta Resources (VED) 2,151.00p -1.87%Investec (INVP) 507.00p -1.27%Cobham (COB) 196.80p -1.25%Barclays (BARC) 264.85p -1.18%Man Group (EMG) 275.90p -1.15%Tesco (TSCO) 422.00p -1.15%Reed Elsevier (REL) 518.50p -1.14%Sage Group (SGE) 277.40p -0.86%