FTSE 100 movers: Greenland disappointment for Cairn

26th Oct 2010 14:02

Cairn Energy's failure to find a commercial discovery at either of its wells offshore Greenland has knocked the share price.A strong third quarter performance by chip designer ARM still left some investors thinking that the share price is ahead of events. There has been profit-taking in miners after yesterday's rise. ENRC, Antofagasta and Anglo American are the biggest fallers in the sector. Positive comment about yesterday's trading statement has helped publisher Pearson regain most of Monday's losses.Reckitt Benckiser is also higher on the day even though there has been some disquiet about the departure of the company's finance director. EU regulatory approval for the purchase of Durex maker SSL helped. FTSE 100 - RisersPearson (PSON) 963.50p +1.69%Reckitt Benckiser Group (RB.) 3,441.00p +0.67%International Power (IPR) 408.50p +0.62%Invensys (ISYS) 312.90p +0.42%TUI Travel (TT.) 211.80p +0.38%Lloyds Banking Group (LLOY) 68.25p +0.37%Admiral Group (ADM) 1,619.00p +0.31%Schroders (Non-Voting) (SDRC) 1,210.00p +0.17%British Sky Broadcasting Group (BSY) 706.00p +0.14%Autonomy Corporation (AU.) 1,467.00p +0.14%FTSE 100 - FallersCairn Energy (CNE) 378.30p -8.18%ARM Holdings (ARM) 362.50p -6.86%Eurasian Natural Resources Corp. (ENRC) 895.50p -3.24%Old Mutual (OML) 130.60p -2.83%Antofagasta (ANTO) 1,284.00p -2.80%Anglo American (AAL) 2,900.00p -2.75%Essar Energy (ESSR) 534.50p -2.46%British Airways (BAY) 276.90p -2.43%Xstrata (XTA) 1,293.00p -2.34%BHP Billiton (BLT) 2,200.00p -2.33%