FTSE 100 movers: Rolls-Royce takes off

22nd Jul 2010 15:57

Big orders at the Farnborough airshow helped Rolls-Royce climb to the top of the movers. The aeroengine group supplies half the new orders in the wide-bodied civil airliner market. Orders so far at Farnborough include one for $7.6bn worth of jets from Royal Bank of Scotland's leasing division.Autonomy, a heavy hitter in the corporate software world, delivered record first half profits and revenues, but it was not enough to please the market. The shares lost more than one-tenth of their value in the first hour of trading on Wednesday as earnings per share came in below market forecasts. Panmure Gordon's switch from "buy" to "hold" two days ahead of Autonomy's poorly received second quarter results was prescient, and the broker has followed the downgrade up with a cut in its target price. "The business is tracking along in line with our expectations, and we are encouraged by the beat in OEM [original equipment manufacturer] ongoing revenue (by cUS$9m), which suggests a broader software industry recovery.FTSE 100 - RisersRolls-Royce Group (RR.) 609.50p +5.18%Invensys (ISYS) 294.40p +4.96%Kazakhmys (KAZ) 1,159.00p +4.79%Carnival (CCL) 2,310.00p +4.57%Cable & Wireless Worldwide (CW.) 68.60p +4.41%Barclays (BARC) 302.90p +4.36%Cairn Energy (CNE) 471.40p +4.25%Serco Group (SRP) 562.00p +4.17%FTSE 100 - FallersAutonomy Corporation (AU.) 1,654.00p -8.77%Imperial Tobacco Group (IMT) 1,852.00p -2.94%African Barrick Gold (ABG) 581.50p -2.02%Royal Bank of Scotland Group (RBS) 44.67p -1.13%International Power (IPR) 358.70p -0.86%Intertek Group (ITRK) 1,701.00p -0.64%Reckitt Benckiser Group (RB.) 3,289.00p -0.33%Essar Energy (ESSR) 449.60p -0.31%