FTSE 100 movers: Man Group rises after impressive quarter

7th Jul 2011 15:30

Man Group is the high riser of the day, gaining over 3.5% in the afternoon, after reporting record sales in its first quarter.Funds under management at the hedge fund manager rose to $71bn at the end of June, from $69.1bn at the end of March, as the group racked up sales of $9.0bn to record a net inflow of $3.7bn after redemptions of $5.3bn.Meanwhile, the miners are also making decent gains, as copper and silver futures head higher. Kazakhmys, Fresnillo and ENRC are notable risers.Sector peer BHP Billiton is also in demand despite suspending its port and rail operating in Western Australia following a fatality at its Port Hedland iron ore terminal.Shares in artificial joint specialist Smith & Nephew edged higher after rumours of a takeover teased the market yesterday. Any further details of the alleged cash offer were not forthcoming.However, leading the fallers was UK real estate investment trust Hammerson after its largest shareholder, a unit of the Ontario Teachers' Pension Plan, sold its entire 12% stake in the company at 463 pence a share.British Sky Broadcasting Group is lower as fears grow that politicians, with more than half an eye on the public's horror at allegations of phone hacking by a News Corporation newspaper, could derail the mooted News Corp bid for the pay-TV broadcaster.BCFTSE 100 - RisersMan Group (EMG) 255.70p +3.56%Kazakhmys (KAZ) 1,410.00p +3.45%GKN (GKN) 245.10p +3.24%Fresnillo (FRES) 1,446.00p +2.92%Eurasian Natural Resources Corp. (ENRC) 818.50p +2.89%Antofagasta (ANTO) 1,478.00p +2.85%ARM Holdings (ARM) 633.50p +2.84%Xstrata (XTA) 1,427.50p +2.73%ICAP (IAP) 492.50p +2.54%Anglo American (AAL) 3,194.50p +2.52%FTSE 100 - FallersHammerson (HMSO) 464.40p -4.60%Land Securities Group (LAND) 860.00p -2.82%Capital Shopping Centres Group (CSCG) 389.30p -2.04%British Land Co (BLND) 605.50p -2.02%British Sky Broadcasting Group (BSY) 811.00p -1.93%Resolution Ltd. (RSL) 294.40p -1.87%Associated British Foods (ABF) 1,073.00p -0.74%Reckitt Benckiser Group (RB.) 3,491.00p -0.65%International Consolidated Airlines Group SA (IAG) 249.50p -0.64%Sainsbury (J) (SBRY) 330.00p -0.51%