FTSE 100 movers: Resolution, Vodafone, Reckitt

17th Jun 2013 14:28

Guernsey-incorporated investment vehicle Resolution topped the FTSE 100 Monday after JP Morgan increased its target price from 273p to 302p and maintained a 'neutral' rating.Vodafone Group was dragged higher by a bounce in the wider Telecommunications sector despite reports in The Sunday Times according to which German cable TV outfit Kabel said Vodafone will need to raise its bid price from around €10bn to about €11bn.Reckitt Benckiser Group advanced after Citigroup reiterated its 'buy' rating and 5,450p target price, saying that the stock is undervalued.In contrast, ARM Holdings retreated as Numis analysts downgraded the microprocessor developer to 'reduce' from 'hold'.Associated British Foods slumped after broker Nomura said the company can no longer rely on sales growth at its clothing retailer Primark to boost shares.Petrofac got side-swiped by the second profit warning this year from Italian peer Saipem.Randgold Resources moved lower as at least two large brokers, Bank of America Merrill Lynch and Societe Generale forecast that gold prices are headed lower, towards about $1,200 per ounce.FTSE 100 - RisersResolution Ltd. (RSL) 284.10p +3.27%Vodafone Group (VOD) 185.20p +2.86%Aggreko (AGK) 1,770.00p +2.61%Reckitt Benckiser Group (RB.) 4,680.00p +2.21%Experian (EXPN) 1,172.00p +2.18%Aberdeen Asset Management (ADN) 404.20p +1.99%Capita (CPI) 960.00p +1.91%Pearson (PSON) 1,203.00p +1.78%Burberry Group (BRBY) 1,394.00p +1.75%Sainsbury (J) (SBRY) 375.50p +1.54%FTSE 100 - FallersARM Holdings (ARM) 826.00p -4.18%Associated British Foods (ABF) 1,730.00p -2.92%Petrofac Ltd. (PFC) 1,295.00p -2.19%Tullow Oil (TLW) 1,027.00p -2.00%Randgold Resources Ltd. (RRS) 4,800.00p -1.66%Anglo American (AAL) 1,405.00p -1.47%Evraz (EVR) 119.30p -1.24%Glencore Xstrata (GLEN) 312.55p -1.06%Vedanta Resources (VED) 1,203.00p -0.74%Amec (AMEC) 994.50p -0.55%RD