FTSE 100 movers: Next drags up retailers

15th Sep 2010 13:01

Clothing retailer Next is leading other retailers higher as it shrugs off worries about rising cotton prices. Kingfisher, ahead of tommorrow's figures, and Marks & Spencer are both up on the day. Next's pre-tax profit increased 15% to £213.3m on revenue up 5% to £1.59bn. Like for like sales fell 1.5%, as previously flagged.Forecasts are unchanged from August's update when estimates for full-year profit were put at between £535m and £560m, representing growth of 6-11%.Miners are lower today with African Barrick Gold leading the worst performers after being hit by profit-taking following the recent sharp rise in the gold price. Xstrata is also lower but its fall is partly due to going ex-dividend. The interim is 3.34p a share. The spat between First Quantum and ENRC over the Kolwezi tailings project is heading for the courts with writs issued against three ENRC subsidiaries.FTSE 100 - RisersNext (NXT) 2,145.00p +5.15%Kingfisher (KGF) 218.10p +3.02%Marks & Spencer Group (MKS) 376.50p +2.59%Standard Life (SL.) 227.30p +2.30%RSA Insurance Group (RSA) 129.60p +1.65%Prudential (PRU) 630.00p +1.45%WPP Group (WPP) 713.50p +1.42%BAE Systems (BA.) 338.90p +1.35%Man Group (EMG) 235.00p +1.34%Morrison (Wm) Supermarkets (MRW) 299.50p +1.01%FTSE 100 - FallersAfrican Barrick Gold (ABG) 598.50p -3.31%Scottish & Southern Energy (SSE) 1,150.00p -2.46%ICAP (IAP) 450.40p -1.66%United Utilities Group (UU.) 585.50p -1.60%Petrofac Ltd. (PFC) 1,388.00p -1.56%Essar Energy (ESSR) 457.60p -1.38%BP (BP.) 409.50p -1.37%Xstrata (XTA) 1,154.50p -1.32%Land Securities Group (LAND) 642.00p -1.31%Eurasian Natural Resources (ENRC) 873.00p -1.30%