FTSE 100 movers: Resolution up on raised target price

19th Mar 2012 14:27

Insurance group Resolution was a high riser after JP Morgan Cazenove raised its target price from 251p to 267p. However, the broker did maintain its underweight position on the stock, while Oriel Securities reiterated its hold rating. Telecoms giant Vodafone was on the up after the Sunday Times said that the it could save up to £1bn in taxes if it succeeds in its takeover of Cable & Wireless Worldwide. CWW's shares were also advancing on the second-tier index. Construction giant CRH was under the weather ahead of Wednesday's Budget. In a research note this morning, Jefferies said that potential stamp duty reforms could adversely affect commercial property. FTSE 100 - RisersRoyal Bank of Scotland Group (RBS) 28.90p +2.70%Resolution Ltd. (RSL) 284.10p +1.90%Antofagasta (ANTO) 1,244.00p +1.22%BT Group (BT.A) 218.00p +1.11%Old Mutual (OML) 164.60p +0.86%Sainsbury (J) (SBRY) 305.20p +0.73%Vodafone Group (VOD) 167.50p +0.69%Rio Tinto (RIO) 3,602.00p +0.66%Hammerson (HMSO) 427.80p +0.66%Serco Group (SRP) 548.00p +0.64%FTSE 100 - FallersCRH (CRH) 1,377.00p -2.27%Croda International (CRDA) 2,195.00p -1.92%Standard Life (SL.) 246.30p -1.76%National Grid (NG.) 633.00p -1.71%Hargreaves Lansdown (HL.) 488.00p -1.67%GKN (GKN) 213.70p -1.61%ICAP (IAP) 425.00p -1.51%IMI (IMI) 1,008.00p -1.37%British Land Co (BLND) 506.00p -1.36%InterContinental Hotels Group (IHG) 1,457.00p -1.35%NR