FTSE 100 movers: Hargreaves Lansdown extends yesterday's gains

16th Oct 2013 15:14

Shares of Hargreaves Lansdown were leading gains on the Footsie and may have broken above technical resistance at the 1,044p mark after yesterday reporting record levels of assets under administration (AuA) in the fiscal first quarter. The financial services company reported AuA of £39.3bn in the three months to September 30th, up 7.9% from the previous quarter's £36.4bn. Engineering group IMI rose on news of in-line third quarter results and that it is selling its Beverage Dispense and Merchandising divisions to The Marmon Group for £620m. The company said the disposal will enable IMI to focus on flow control solutions in attractive industrial markets and will be a further significant step "towards IMI's stated objective of increasing the proportion of sweetspot revenues to 75% by 2017". ITV is reportedly higher after England's win last night - advertising space is likely to be much sought-after during matches shown by the broadcaster next year.BT was trading at an all-time high of 360.3p this afternoon, up 1.66% on the day, after Goldman Sachs upgraded its rating on the stock to 'conviction buy'. Meanwhile, the fallers were led by mining stocks - in particular Fresnillo - as a deal to avert a US default remained elusive with just one day to go. "Cyclical names are bearing the brunt of the selling, with concerns over global growth well founded given the impact of the US government shutdown so far," Matt Basi, Head of UK Sales Trading at CMC Markets observed. AstraZeneca was in the red one day after announcing that its biologics research and development arm, MedImmune, had acquired Spirogen, a privately-held biotech company focused on antibody-drug conjugate technology for use in oncology.FTSE 100 - RisersHargreaves Lansdown (HL.) 1,086.00p +4.42%ITV (ITV) 190.70p +1.98%IMI (IMI) 1,526.00p +1.80%ARM Holdings (ARM) 1,036.00p +1.77%Resolution Ltd. (RSL) 342.70p +1.75%Aviva (AV.) 435.50p +1.70%Associated British Foods (ABF) 1,998.00p +1.68%Barclays (BARC) 284.50p +1.66%Prudential (PRU) 1,214.00p +1.59%BT Group (BT.A) 359.70p +1.50%FTSE 100 - FallersFresnillo (FRES) 931.50p -2.26%Schroders (SDR) 2,599.00p -1.63%Aggreko (AGK) 1,462.00p -1.55%Rolls-Royce Holdings (RR.) 1,098.00p -1.52%Reckitt Benckiser Group (RB.) 4,309.00p -1.26%AstraZeneca (AZN) 3,149.50p -1.05%Glencore Xstrata (GLEN) 332.65p -1.00%SSE (SSE) 1,430.00p -0.90%Centrica (CNA) 364.60p -0.90%National Grid (NG.) 750.50p -0.86%NR