FTSE 100 movers: LSE climbs on revenue rise

15th May 2014 15:29

LSE rose strongly after it reported a 10 per cent rise in annual revenue to 1.1bn pounds helped by the acquisition of LCH.Clearnet business. While profits fell on the back of higher expenses due to the purchase, the company said it has identified significant cost savings as part of the integration.Typically considered a 'safe haven' stock, Unilever was making modest gains, alongside supermarkets Morrison and Tesco. Diageo was rising on reports it is planning to scrap its regional hub structure, "with activities previously managed at regional level in Africa, Asia Pacific and Latin America, moving to our markets, to global or ceasing altogether". According to Marketing Magazine, the company said the changes will simplify the business and drive efficiencies. "This will allow us to invest savings in growth opportunities for our brands and markets, fund future efficiency programmes and expand operating margin," it added. Meanwhile, easyJet and IAG shares were some of today's biggest fallers, hit in part by readacross from Thomas Cook, which fell sharply on the back of lower revenues, which contracted as disruption in Egypt continued to weigh. Concerns about the situation in Russia and its threats about oil supply are also likely to be linked. Old Mutual was lower after first-quarter gross sales growth was limited to just 12% due to adverse currency movements. Growth would have been 24% at constant currencies.Television network ITV continued to fall despite yesterday posting a seemingly in-line first-quarter statement, although it may have come in below the expectations of some. FTSE 100 - RisersMorrison (Wm) Supermarkets (MRW) 202.80p +3.31%Fresnillo (FRES) 858.50p +2.63%Tesco (TSCO) 302.90p +2.23%Diageo (DGE) 1,901.00p +1.22%IMI (IMI) 1,595.00p +1.14%London Stock Exchange Group (LSE) 1,820.00p +1.05%Unilever (ULVR) 2,682.00p +0.94%HSBC Holdings (HSBA) 623.00p +0.89%Antofagasta (ANTO) 801.50p +0.82%GlaxoSmithKline (GSK) 1,636.50p +0.80%FTSE 100 - FallerseasyJet (EZJ) 1,556.00p -6.38%St James's Place (STJ) 737.00p -6.35%Ashtead Group (AHT) 789.00p -5.51%International Consolidated Airlines Group SA (CDI) (IAG) 368.00p -5.37%Barratt Developments (BDEV) 357.40p -5.20%Old Mutual (OML) 198.90p -5.01%Lloyds Banking Group (LLOY) 73.64p -4.49%ITV (ITV) 171.10p -4.47%William Hill (WMH) 333.10p -4.28%Sports Direct International (SPD) 731.00p -4.13%NR