FTSE 100 movers: Intecontinental's profits impress

10th May 2011 15:14

Holiday Inn owner Intercontinental Hotels Group is a high riser after first quarter pre-tax profits before exceptional items climbed to $96m, from $68m, on revenues that were up to $396m, from $362m. Not too far behind is Imperial Tobacco after earnings grew ahead of expectations in the first half as growth in emerging markets drove sales higher.International security solutions provider G4S is also wanted after first quarter revenues grew by 4.7% at constant exchange rates.The heaviest faller is oil and gas group BG, after it became the latest to report the impact of higher taxes on North Sea oil production, saying they have reduced its first quarter earnings by $265m (£162m) and will impact production over the full year. Resolution is in the red despite sales rising by 52% in the first quarter of 2011. Sales in the three months to end of March were £270m compared to £178m for the same quarter in 2010. Business process outsourcing specialist Capita is higher after it said its businesses "performed solidly" in the first four months of 2011.Tour operator TUI Travel pleased investors after it reduced half year losses, lifted its dividend and said it was on track to deliver full year results in line with expectations. ---BCFTSE 100 - RisersSchroders (SDR) 1,722.00p +3.92%Schroders (Non-Voting) (SDRC) 1,402.00p +3.47%InterContinental Hotels Group (IHG) 1,290.00p +3.28%Imperial Tobacco Group (IMT) 2,221.00p +2.97%Reed Elsevier (REL) 546.50p +2.73%Sage Group (SGE) 293.60p +2.73%Aggreko (AGK) 1,809.00p +2.61%BAE Systems (BA.) 331.40p +2.38%Rio Tinto (RIO) 4,231.00p +2.31%Royal Bank of Scotland Group (RBS) 42.65p +2.28%FTSE 100 - FallersBG Group (BG.) 1,412.50p -1.60%Vodafone Group (VOD) 169.70p -0.24%BP (BP.) 453.55p -0.21%Resolution Ltd. (RSL) 296.80p -0.20%Randgold Resources Ltd. (RRS) 4,883.00p -0.14%GlaxoSmithKline (GSK) 1,303.50p 0.00%British Sky Broadcasting Group (BSY) 840.00p +0.12%Reckitt Benckiser Group (RB.) 3,451.00p +0.15%Hargreaves Lansdown (HL.) 610.00p +0.16%British Land Co (BLND) 591.00p +0.25%