FTSE 100 movers: Rolls-Royce recovers

12th Nov 2010 13:16

Shares in Rolls-Royce have recovered even though it will have to spend money solving the problems of the Trent 900 engine. This extra cost will hit 2010 profit. An investigation into the engine explosion on the Trent 900 powered A380 Qantas super-jumbo has found the failure was confined to one component in the turbine area of the engine, which caused an oil fire and the release of the intermediate pressure turbine disc.British Airways is higher even though union Unite says that it will not put a peace deal to its members. The BA union branch of Unite is angry at clauses making the union drop all outstanding legal claims arising from the dispute, and handing BA the right to withdraw travel concessions from staff in future.Centrica, the British Gas owner, said it will raise householders' gas and electricity bills by an average of 7% from 10 December.Yet again, miners have followed a good day with a bad one. Seven out of the bottom ten performers are mining companies because of disappointment with the outcome at the G20 meeting and the possibility of a currency free-for-all.Oilfield services firm Petrofac has won a three year contract, worth £40m, from Maersk Oil but that was not enough to stop the share price falling.FTSE 100 - RisersRolls-Royce Group (RR.) 611.00p +4.62%Royal Bank of Scotland Group (RBS) 42.12p +2.68%British Airways (BAY) 269.70p +2.08%Scottish & Southern Energy (SSE) 1,166.00p +2.01%Lloyds Banking Group (LLOY) 69.74p +1.68%Tesco (TSCO) 417.35p +1.42%Intertek Group (ITRK) 1,919.00p +1.37%Severn Trent (SVT) 1,454.00p +1.25%National Grid (NG.) 588.00p +1.20%Centrica (CNA) 339.30p +0.98%FTSE 100 - FallersAutonomy Corporation (AU.) 1,374.00p -3.17%Antofagasta (ANTO) 1,430.00p -2.85%Xstrata (XTA) 1,386.00p -2.33%Anglo American (AAL) 2,988.50p -2.18%Petrofac Ltd. (PFC) 1,486.00p -2.17%BHP Billiton (BLT) 2,361.00p -2.15%Kazakhmys (KAZ) 1,518.00p -2.13%Eurasian Natural Resources Corp. (ENRC) 969.00p -2.12%Lonmin (LMI) 1,755.00p -1.90%Schroders (SDR) 1,600.00p -1.84%