FTSE 100 movers: S&N heads risers

20th Oct 2010 13:18

Medical devices supplier Smith & Nephew has won its appeal over a patent dispute with Kinetic Corporation. A court in Texas says that the wound management patents are "invalid due to obviousness". S&N has already won similar cases in the UK and Germany.Xstrata has given the thumbs up to the $710m development of the second phase of the Lion ferrochrome complex in South Africa.Rio Tinto is spending another $3.1bn (£2bn) on its Pilbara operations, doubling new investment there just days after the company scrapped its iron ore joint venture with BHP Billiton, which is also higher on the day.BAE Systems has fallen following yesterday's UK defence review. BAE has also completed the acquisition of OASYS Technology. Smiths Group and BSkyB have both gone ex-dividend. Smiths is paying a dividend of 23.5p a share but the share price has fallen further. In contrast, BSkyB has fallen slightly less than the 11.52p a share dividend. FTSE 100 - RisersSmith & Nephew (SN.) 572.50p +4.00%Xstrata (XTA) 1,275.50p +2.16%Anglo American (AAL) 2,837.50p +2.01%Rio Tinto (RIO) 4,024.50p +1.94%BHP Billiton (BLT) 2,179.00p +1.87%Lonmin (LMI) 1,800.00p +1.75%Eurasian Natural Resources Corp. (ENRC) 928.00p +1.64%Vedanta Resources (VED) 2,203.00p +1.33%Wolseley (WOS) 1,653.00p +1.29%Autonomy Corporation (AU.) 1,462.00p +1.25%FTSE 100 - FallersBAE Systems (BA.) 350.50p -3.68%Smiths Group (SMIN) 1,220.00p -2.40%Serco Group (SRP) 612.00p -2.31%ARM Holdings (ARM) 381.60p -1.83%Scottish & Southern Energy (SSE) 1,106.00p -1.69%Royal Bank of Scotland Group (RBS) 46.28p -1.43%Standard Life (SL.) 227.40p -1.39%British Sky Broadcasting Group (BSY) 696.00p -1.35%Old Mutual (OML) 135.90p -1.31%3i Group (III) 296.10p -1.27%