FTSE 100 movers: Morrisons moves up the ladder

26th Mar 2013 14:37

Morrison shares soared after Citigroup raised its recommendation from 'neutral' to 'buy'. The broker said it has the "strongest economic model of the three listed UK supermarkets" which also include Tesco and Sainsbury. It comes despite the firm this month reporting its first annual profit decline in six years. Aberdeen Asset Management advanced after its first-half trading update yesterday. Bank of America, JPMorgan, Credit Suisse and Exane BNP Paribas all chose to increase their target prices for the stock this morning, while Numis upgraded the shares to 'buy'. Wolseley retreated after the plumbing merchant's half-year profit slipped on weakening demand in Europe and Canada.Catering giant Compass Group tumbled as the company said profits had been hit by difficult economic conditions across Europe and Japan. Mining giant ENRC dropped as part-owner Kazakhmys announced a $2.2bn impairment charge after writing down its 26% holding in ENRC in its 2012 results. FTSE 100 - RisersMorrison (Wm) Supermarkets (MRW) 276.00p +3.49%Aberdeen Asset Management (ADN) 424.30p +3.04%Petrofac Ltd. (PFC) 1,446.00p +2.41%Melrose Industries (MRO) 263.20p +2.41%Evraz (EVR) 222.10p +2.16%Wood Group (John) (WG.) 853.00p +1.91%Fresnillo (FRES) 1,397.00p +1.90%Prudential (PRU) 1,094.00p +1.86%Reed Elsevier (REL) 780.50p +1.83%London Stock Exchange Group (LSE) 1,314.00p +1.70%FTSE 100 - FallersAggreko (AGK) 1,804.00p -2.75%Wolseley (WOS) 3,148.00p -1.96%Eurasian Natural Resources Corp. (ENRC) 263.40p -1.75%Compass Group (CPG) 822.00p -1.56%Royal Bank of Scotland Group (RBS) 283.80p -1.18%BT Group (BT.A) 277.90p -1.03%CRH (CRH) 1,449.00p -0.96%GlaxoSmithKline (GSK) 1,510.00p -0.85%Pearson (PSON) 1,176.00p -0.76%Imperial Tobacco Group (IMT) 2,264.00p -0.75%