FTSE 100 movers: Miners head higher

7th Dec 2010 13:24

Miners lead the risers with commodity prices heading north. Antofagasta and ENRC are the best of the risers in the mining sector. Xstrata also rose even though it is taking a post-tax impairment charge of about $440m after reviewing the value of its Araguaia nickel project in Brazil. Xstrata has approved a $1.36bn investment in the development of the Ravensworth North opencast mine in the Upper Hunter Valley of New South Wales, Australia. The mine is expected to eventually produce 8m tonnes per annum of export thermal and semi soft coking coal. First coal is expected to be delivered in July 2012.Supermarkets operator J Sainsbury has risen following Tesco's trading statement, which showed that Sainsbury had the fastest growth in the sector. Plumbing and building supplies retailer Wolseley rose on the back of its trading statement. First quarter trading performance was slightly ahead of expectations with like-for-like growth of 4%.A company majority owned by ICAP boss Michael Spencer is selling 6m shares in the inter-dealer broker. Following the ending of trading yesterday IPGL Ltd, where Michael Spencer and family trusts are majority shareholders, said it is selling the ICAP shares. HSBC is handling the bookbuilding process.Emergency power equipment supplier Aggreko is lower after announcing that its pre-close trading statement will be on 17 December. G4S has expanded its facilities management business by acquiring Guernsey Air Conditioning.FTSE 100 - RisersAntofagasta (ANTO) 1,525.00p +4.67%Eurasian Natural Resources Corp. (ENRC) 954.00p +4.38%Sainsbury (J) (SBRY) 373.10p +4.36%Wolseley (WOS) 1,909.00p +4.32%African Barrick Gold (ABG) 588.50p +4.07%Unilever (ULVR) 1,927.00p +3.99%Kazakhmys (KAZ) 1,584.00p +3.94%TUI Travel (TT.) 238.80p +3.56%BHP Billiton (BLT) 2,525.00p +3.50%Xstrata (XTA) 1,483.00p +3.20%FTSE 100 - FallersAggreko (AGK) 1,536.00p -1.73%International Power (IPR) 413.60p -1.50%ICAP (IAP) 520.50p -1.42%National Grid (NG.) 547.00p -1.00%Serco Group (SRP) 566.50p -0.87%Capital Shopping Centres Group (CSCG) 408.20p -0.80%Rexam (REX) 306.90p -0.65%British Airways (BAY) 271.00p -0.55%BAE Systems (BA.) 323.70p -0.55%G4S (GFS) 237.50p -0.54%