FTSE 100 movers: Miners rise but IAG flying low

28th May 2012 15:28

Copper miners Rio Tinto, Xstrata and Antofagasta were tracking copper prices higher on the back of falling stockpiles in China and favourable comments by Citigroup. Citi analyst Heath Jansen this morning adjusted his short-term view on the copper industry from bearish to neutral. Outsourcing group Capita was on the up after UBS upgraded the stock from neutral to buy on the back of improving trading momentum combined with a depressed valuation. Meanwhile, shares in British Airways parent International Airlines Group (IAG) fell after the president of Bankia (which holds a 12% interest in IAG) said the bank would sell assets to raise much needed funds. As well, there are reports that Madrid will look to privatised stakes in state companies, which may include selling their stakes in companies such as IAG. FTSE 100 - RisersITV (ITV) 79.05p +3.20%Weir Group (WEIR) 1,599.00p +3.03%Capita (CPI) 629.00p +2.95%Xstrata (XTA) 939.40p +2.94%Rexam (REX) 401.90p +2.39%Tullow Oil (TLW) 1,427.00p +2.29%Rio Tinto (RIO) 2,857.50p +2.24%Burberry Group (BRBY) 1,401.00p +2.11%Whitbread (WTB) 1,858.00p +2.03%Antofagasta (ANTO) 1,037.00p +1.97%FTSE 100 - FallersInternational Consolidated Airlines Group SA (CDI) (IAG) 137.30p -2.56%Kingfisher (KGF) 274.70p -1.86%BP (BP.) 400.50p -1.68%Tesco (TSCO) 304.90p -1.50%Resolution Ltd. (RSL) 199.50p -1.43%Severn Trent (SVT) 1,681.00p -1.18%National Grid (NG.) 676.50p -1.17%Petrofac Ltd. (PFC) 1,559.00p -1.14%Marks & Spencer Group (MKS) 344.30p -1.01%SSE (SSE) 1,347.00p -0.88%NR