FTSE 100 movers: Oil giants sit at opposite ends of footsie

8th Oct 2014 15:39

Oil stocks Petrofac and Tullow were at polar ends of the FTSE on Wednesday.ITV climbed after Credit Suisse said the broadcaster might return cash to shareholders and rated the stock 'outperform' with a target price of 270p.Aerospace and automotive group GKN was in the red after Bank of America Merrill Lynch cut the stock from 'buy' to 'underperform'.Westhouse Securities, meanwhile, said the slowing economic data from the Eurozone and Asia is "likely to have some impact on global vehicle production if sustained", although it expects the impact on GKN "may be modest".Bank of America also cut its rating for IMI and Weir Group.Travel stocks continued lower amid concerns about the Ebola virus and fears it might spread to other parts of Europe after a case was diagnosed in Madrid.Supermarket group Tesco was continuing to bounce back after recent weakness with HSBC providing a lift after upgrading the stock from 'neutral' to 'overweight'. The bank said that much of the recent bad news is already discounted in the stock price.FTSE 100 - RisersPetrofac Ltd. (PFC) 976.00p +1.46%Tesco (TSCO) 185.15p +1.40%Weir Group (WEIR) 2,321.00p +1.22%ITV (ITV) 206.80p +1.17%Intu Properties (INTU) 316.00p +1.06%London Stock Exchange Group (LSE) 1,827.00p +0.99%Pearson (PSON) 1,198.00p +0.93%SSE (SSE) 1,523.00p +0.86%Prudential (PRU) 1,390.50p +0.65%Reckitt Benckiser Group (RB.) 5,205.00p +0.58%FTSE 100 - FallersTullow Oil (TLW) 579.50p -3.50%GKN (GKN) 295.10p -3.37%Antofagasta (ANTO) 680.00p -2.65%Ashtead Group (AHT) 952.00p -2.56%Johnson Matthey (JMAT) 2,805.00p -2.40%TUI Travel (TT.) 373.40p -2.25%Anglo American (AAL) 1,344.50p -2.22%Smith & Nephew (SN.) 1,004.00p -2.05%ARM Holdings (ARM) 851.00p -1.90%Experian (EXPN) 936.50p -1.89%