FTSE 100 movers: Man boosted by NAV figure

7th Apr 2010 16:11

Footsie is barely changed on the day and some of the main movers have been sparked by news. Hedge fund Man is the best performer following last night's announcement that the net asset value of the AHL fund had risen 3.81% last week. This prompted broker Execution Noble to publish a 'buy' note for Man, while Shore Capital has also chipped in with some upbeat commentary. Shares in British Airways have been on the slide since it reported its March traffic statistics this afternoon. BA says that last month's strike action cost £40m-£45m, which is lower than some estimates of £75m, but the market appears unimpressed. BA's traffic figures in March fell by 11.4% when compared with the year before but the airline's management says that half of the decline was due to planned capacity reductions. The rest of the decline in revenue passenger kilometres is put down to the industrial action during the month. For the seven days of strikes the airline operated 79% of longhaul flights and 58% of shorthaul. One positive was that cargo tonne kilometres rose by 6.4% on the year before. There was additional capacity available due to the strike. FTSE 100 - RisersMan Group (EMG) 267.10p +5.99%Kingfisher (KGF) 230.10p +2.91%Imperial Tobacco Group (IMT) 2,028.00p +2.48%Next (NXT) 2,251.00p +1.90%Randgold Resources (RRS) 5,405.00p +1.89%Sainsbury (J) (SBRY) 333.80p +1.74%Home Retail Group (HOME) 279.50p +1.64%GlaxoSmithKline (GSK) 1,278.00p +1.39%Rolls-Royce Group (RR.) 625.00p +1.30%Smith & Nephew (SN.) 662.50p +1.22%FTSE 100 - FallersPetrofac Ltd. (PFC) 1,211.00p -4.27%Pearson (PSON) 1,008.00p -4.00%Cairn Energy (CNE) 427.40p -2.89%British Land Co (BLND) 477.80p -2.57%BHP Billiton (BLT) 2,276.50p -2.48%Antofagasta (ANTO) 1,068.00p -2.38%Burberry Group (BRBY) 709.50p -2.00%Smiths Group (SMIN) 1,125.00p -1.75%Inmarsat (ISAT) 750.50p -1.70%British Airways (BAY) 239.20p -1.69%