FTSE 100 Movers: Next leads the risers after strong performance

14th Sep 2011 13:03

Shares were soaring after clothing retail chain Next claimed it has put in a resilient performance in 2011 against a backdrop of rising costs, and said 'retail headwinds are likely to ease as we move into 2012'.Revenue excluding value added tax (VAT) rose to £1,630.3m in the six months to the end of July from £1,587.2m in the corresponding period of 2010. Real estate investment trust Land Securities and British Land head lower after French bank Societe Generale downgraded the stocks from "hold" to "sell". The bank downgraded the UK property sector as a whole from neutral to underweight on the back of fears of a shortage of credit in the sector. FTSE 100 - RisersNext (NXT) 2,489.00p +6.60%Royal Bank of Scotland Group (RBS) 23.22p +6.12%ITV (ITV) 56.45p +5.32%Burberry Group (BRBY) 1,357.00p +4.87%GKN (GKN) 183.50p +4.86%BP (BP.) 398.85p +4.52%InterContinental Hotels Group (IHG) 1,031.00p +4.51%Lloyds Banking Group (LLOY) 33.25p +4.46%International Consolidated Airlines Group SA (IAG) 152.30p +3.96%ICAP (IAP) 479.00p +3.75%FTSE 100 - FallersLand Securities Group (LAND) 660.50p -1.42%British Land Co (BLND) 496.10p -1.08%Imperial Tobacco Group (IMT) 2,037.00p -0.83%Aggreko (AGK) 1,799.00p -0.72%Admiral Group (ADM) 1,267.00p -0.24%Wolseley (WOS) 1,523.00p -0.13%Standard Chartered (STAN) 1,338.00p -0.07%NR