FTSE 100 movers: Motor insurers on the up

13th Jan 2011 13:31

A number of insurers are higher after they agreed with the OFT to limit the motor-related information they swap. RBS and Aviva were directly involved in the agreement. Admiral has also risen. Bank of America Merrill Lynch has upgraded IMI from neutral to buy. The same broker downgraded British American Tobacco from buy to neutral. Tesco is lower after its sales figures were not as good as expected and did not come up its figures achieved by Sainsbury. Like-for-like sales in the UK for the six weeks to 8 January were up just 0.6% - about half the figure analysts had predicted - and total sales grew 4.2%. Group sales rose 7.6% during the period, though, with international sales up 14.2%. FTSE 100 - Risers IMI (IMI) 952.50p +4.61%Resolution Ltd. (RSL) 251.90p +3.66%Royal Bank of Scotland Group (RBS) 42.65p +3.52%Aviva (AV.) 429.80p +2.02%Admiral Group (ADM) 1,551.00p +1.70%ICAP (IAP) 555.50p +1.37%Cairn Energy (CNE) 455.50p +1.27%Lloyds Banking Group (LLOY) 68.54p +1.23%BP (BP.) 509.80p +1.17%Man Group (EMG) 306.00p +1.16%FTSE 100 - Fallers Weir Group (WEIR) 1,747.00p -3.05%National Grid (NG.) 525.50p -2.50%Tesco (TSCO) 413.30p -2.45%Burberry Group (BRBY) 1,092.00p -2.33%British American Tobacco (BATS) 2,356.50p -2.26%Rexam (REX) 348.60p -2.11%Johnson Matthey (JMAT) 2,002.00p -2.10%United Utilities Group (UU.) 569.50p -1.81%Serco Group (SRP) 555.00p -1.77%Schroders (Non-Voting) (SDRC) 1,484.00p -1.59%