FTSE 100 movers: Next rises despite posting fall in Q1 profit

8th May 2013 14:29

Evraz was making strong gains by the afternoon, recovering some of its recent losses. Possibly worth mentioning, Goldman Sachs has today reportedly reaffirmed its bullish short-term stance on copper prices.Next made strong gains - despite posting an overall fall in first quarter retail sales - after its home shopping catalogue and website division Directory rose 8.9% during the three month period. Brand sales excluding VAT were up 2.2% of which 1.5% came from the opening of new space. Melrose, the industrial conglomerate which buys and sells manufacturing businesses, impressed investors on Wednesday after reporting that its recently acquired Elster business has achieved further improvements and as such performed significantly ahead of the same pre-acquisition period last year. Meanwhile, Standard Chartered was the biggest faller after its operating profit fell in the first quarter following an increase in loan impairment and pressure on margins.InterContinental Hotels Group fell after Numis downgraded that stock to hold with a target price of 2,100p. Irish building materials group CRH also dropped, blaming prolonged winter conditions in Europe for an expected fall in first half profits. FTSE 100 - RisersEvraz (EVR) 173.50p +4.39%Next (NXT) 4,562.00p +3.54%Melrose Industries (MRO) 253.40p +3.39%Amec (AMEC) 1,049.00p +2.64%Shire Plc (SHP) 1,909.00p +2.52%ITV (ITV) 127.00p +2.42%Sage Group (SGE) 346.90p +2.24%WPP (WPP) 1,118.00p +2.19%Weir Group (WEIR) 2,200.00p +2.14%Meggitt (MGGT) 493.90p +2.11%FTSE 100 - FallersStandard Chartered (STAN) 1,610.50p -5.26%Antofagasta (ANTO) 938.00p -5.20%InterContinental Hotels Group (IHG) 1,886.00p -3.82%CRH (CRH) 1,383.00p -3.62%Sainsbury (J) (SBRY) 382.20p -3.61%Aberdeen Asset Management (ADN) 456.90p -2.37%BP (BP.) 465.05p -1.82%Royal Bank of Scotland Group (RBS) 285.20p -1.52%Kingfisher (KGF) 320.40p -1.29%Johnson Matthey (JMAT) 2,560.00p -1.27%NR