FTSE 100 movers: Readacross from Ryanair lifts Easyjet and IAG

3rd Nov 2014 16:04

A strong performance by Ryanair helped lift shares in sector peers Easyjet and IAG. Ryanair's first-half net profits flew 32% higher to €795m thanks to a strong summer and the budget airline's customer charm offensive.More bad news out over the weekend didn't stop Tesco's share price rising on Monday, with the share price up more than 1%. It was revealed over the weekend that the supermarket giant will pay out as much as £43m to customers after breaching industry regulations with loan errors and statement delays. It was also reported that it is considering the sale of its banking up to boost capital.Investors were unimpressed with the news Diageo has agreed on an asset-swap deal with Casa Cuervo, which will see the UK spirits group take full control of tequila label Don Julio in exchange for selling its Bushmills whisky brand. The agreement will help Diageo expand its footprint in the high-end tequila market after efforts to take over Jose Cuervo almost two years ago didn't work out.Astrazeneca shareholders were similarly unimpressed with the news the drugs maker has gained the development and commercialisation rights to Almirall's respiratory franchise. The group will pay an initial $875m, plus up to a further $1.22bn in development, launch and sales-related milestones.Direct Line shares fell after Canaccord Genuity cut its rating on the stock to 'hold' from 'buy', and reduced its target price from 282p to 255p.FTSE 100 - RiserseasyJet (EZJ) 1,541.00p +2.73%Petrofac Ltd. (PFC) 1,084.00p +2.26%TUI Travel (TT.) 404.20p +1.40%International Consolidated Airlines Group SA (CDI) ITV (ITV) 205.60p +1.28%Randgold Resources Ltd. (RRS) 3,723.00p +1.22%Tesco (TSCO) 175.70p +1.21%WPP (WPP) 1,232.00p +1.15%ARM Holdings (ARM) 882.50p +0.86%InterContinental Hotels Group (IHG) 2,389.00p +0.84%FTSE 100 - FallersCentrica (CNA) 294.90p -2.51%3i Group (III) 387.70p -2.32%Associated British Foods (ABF) 2,694.00p -2.18%Royal Bank of Scotland Group (RBS) 379.70p -2.14%HSBC Holdings (HSBA) 626.60p -2.02%Standard Life (SL.) 385.90p -1.98%Kingfisher (KGF) 296.60p -1.95%SSE (SSE) 1,569.00p -1.88%Prudential (PRU) 1,418.00p -1.70%United Utilities Group (UU.) 840.50p -1.64%