FTSE 100 movers: Investors pleased by BT deal

9th Jul 2010 15:31

Footsie is moving higher helped by good news from BT Group.BT Group is higher after it agreed a new pay deal with the Communications Workers Union. This removes the threat of a strike. CWU members will receive a 3% annual pay increase backdated to January 2010 and lasting until March 2013. Citigroup has upgraded miner Antofagasta from hold to buy. National Grid is on the slide after Citigroup suggested that the company may need to sell its US operations in order to protect its business.Property companies are out of favour with British Land, Land Securities and SEGRO all down. FTSE 100 - RisersSmith & Nephew (SN.) 610.00p +4.45%Invensys (ISYS) 268.60p +3.79%Antofagasta (ANTO) 882.50p +3.64%Rio Tinto (RIO) 3,183.00p +3.56%Prudential (PRU) 533.00p +2.90%BT Group (BT.A) 139.90p +2.87%Legal & General Group (LGEN) 86.10p +2.68%Burberry Group (BRBY) 807.00p +2.54%ICAP (IAP) 429.70p +2.31%Fresnillo (FRES) 1,084.00p +2.26%FTSE 100 - FallersBritish Land Co (BLND) 447.10p -2.08%National Grid (NG.) 492.60p -1.87%SEGRO (SGRO) 269.60p -1.68%African Barrick Gold (ABG) 584.00p -1.60%Land Securities Group (LAND) 579.50p -1.36%BP (BP.) 362.60p -1.20%Serco Group (SRP) 558.00p -1.15%Capital Shopping Centres Group (CSCG) 317.60p -0.90%Schroders (SDR) 1,220.00p -0.81%SABMiller (SAB) 1,932.00p -0.74%