FTSE 100 movers: Investec leads the rise

19th May 2011 15:19

Shares in Investec rose sharply after the asset manager posted a rise in profits in the year to 31 March. The company, which operates in South Africa, the UK, Australia and other markets, said operating profit before tax £434.4m from £432.3m the previous year.Meanwhile Invensys, the engineering and IT company, took a tumble on Wednesday after the company revealed a worse-than-expected order intake at its rail division during the year ended 31 March.Kingfisher, the B&Q and Screwfix owner, is being helped higher by UBS, which expects the DIY retailer to report a strong first quarter. The broker keeps its 'buy' and raises its target price by 25p.Power grid operator National Grid is edging higher after it profits came in a shade above expectations, in a year where it splashed out a record £3.6bn in capital expenditure. Adjusted pre-tax profit of £2.47bn in the year ended March 31st was up 25% on the £1.97bn achieved the year before, and ahead of market expectations of £2.43bn.Brewing firm SABMiller is also firmed after hailing an "excellent financial performance" for the year ended 31 March, as profits swelled by 24%, helped by strong growth in the emerging markets. On its way lower is quality and safety services provider Intertek, despite organic revenue growth growing by 8% in the year so far.---BCFTSE 100 - RisersInvestec (INVP) 493.20p +6.78%Petrofac Ltd. (PFC) 1,541.00p +4.76%ITV (ITV) 69.75p +4.10%Aggreko (AGK) 1,780.00p +3.79%Smiths Group (SMIN) 1,252.00p +3.30%Barclays (BARC) 279.40p +3.21%Wolseley (WOS) 2,071.00p +3.03%Man Group (EMG) 252.80p +2.89%Resolution Ltd. (RSL) 308.90p +2.80%Johnson Matthey (JMAT) 2,048.00p +2.55%FTSE 100 - FallersInvensys (ISYS) 300.40p -2.91%Intertek Group (ITRK) 1,951.00p -2.30%Essar Energy (ESSR) 428.50p -2.28%Shire Plc (SHP) 1,921.00p -1.44%Autonomy Corporation (AU.) 1,792.00p -0.99%ICAP (IAP) 484.70p -0.86%Sage Group (SGE) 290.80p -0.62%Burberry Group (BRBY) 1,333.00p -0.52%British Land Co (BLND) 602.00p -0.41%Tesco (TSCO) 415.50p -0.31%