FTSE 100 movers: Real estate stocks on the rise

18th May 2011 14:54

Property giant Land Securities is towering above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued growth as the recovery proceeds. Pre-tax profits climbed to £1.227bn from £1.069bn the previous year, while the net asset value per share was up to 885p from 750p. Peers British Land and Hammerson are up in sympathy. Meanwhile, the miners are in demand, with Eurasian Natural Resources Corp, Randgold Resources, Lonmin and Kazakhmys rising higher.Pharmaceuticals behemoth Shire is also wanted after the $750m acquisition of Advanced BioHealing, a US firm best known for its Dermagraft wound care product. Catering giant Compass is among the fallers despite posting a sharp rise in pre-tax profits in the six months to 31 March as it expanded in overseas markets, while continuing to implement margin-boosting efficiency measures. Oil and gas firm BG Group is firmer after UBS upgraded the stock to a 'buy', from 'neutral', following the group's recent share price weakness since its disappointing first quarter results. ---BCFTSE 100 - RisersLand Securities Group (LAND) 794.00p +6.22%British Land Co (BLND) 604.50p +4.58%Eurasian Natural Resources Corp. (ENRC) 837.50p +3.84%Hammerson (HMSO) 479.00p +3.19%Randgold Resources Ltd. (RRS) 4,763.00p +3.10%Lonmin (LMI) 1,520.00p +2.43%Shire Plc (SHP) 1,946.00p +2.42%IMI (IMI) 1,032.00p +2.38%Autonomy Corporation (AU.) 1,775.00p +2.31%Kazakhmys (KAZ) 1,244.00p +2.22%FTSE 100 - FallersSainsbury (J) (SBRY) 341.90p -3.61%Admiral Group (ADM) 1,693.00p -2.53%TUI Travel (TT.) 239.40p -1.80%3i Group (III) 289.70p -1.50%Aggreko (AGK) 1,710.00p -1.21%Royal Bank of Scotland Group (RBS) 41.60p -1.19%Scottish & Southern Energy (SSE) 1,316.00p -1.05%Capita Group (CPI) 710.50p -1.04%Compass Group (CPG) 573.00p -1.04%Invensys (ISYS) 307.30p -1.03%