FTSE 100 movers: Serco, Burberry, Antofagasta

2nd Jul 2013 13:44

Serco Group climbed the FTSE ladder following reports the British outsourcing company won a 1.25bn dollar contract with the US Department of Health. Under the 12-month agreement, Serco will handle applications for health plans, medicaid and other insurance programmes. The company may also be benefitting from positive commentary in The Daily Telegraph's Questor column.Burberry Group surged after HSBC upgraded the luxury fashion retailer to 'overweight' to 'neutral' and lifted its target price to 1,750p from 1,530p.Antofagasta advanced after announcing its subsidiary Antofagasta Minerals entered into a binding agreement with AES Gener to acquire 40% of Alto Maipo, which operates two run-of river hydroelectric power stations located on the Maipo River.TUI Travel plunged after signing a new £300m bank credit facility with a syndicate of banks. Royal Bank of Scotland retreated following reports the British government was set to name Rothschild to advise on a potential break-up of the lender into a good bank and bad bank.Tullow Oil dropped as Credit Suisse reiterated a 'hold' rating for the company's stocks and reduced its target price from 1150p to 1050p ahead of a trading update on Wednesday.FTSE 100 - RisersSerco Group (SRP) 658.00p +5.28%Burberry Group (BRBY) 1,411.00p +3.37%Pearson (PSON) 1,185.00p +1.98%Antofagasta (ANTO) 846.50p +1.68%Fresnillo (FRES) 922.00p +1.37%London Stock Exchange Group (LSE) 1,392.00p +1.16%British Sky Broadcasting Group (BSY) 810.00p +1.12%Morrison (Wm) Supermarkets (MRW) 262.40p +0.85%SSE (SSE) 1,540.00p +0.79%Experian (EXPN) 1,155.00p +0.43%FTSE 100 - FallersAberdeen Asset Management (ADN) 378.90p -3.24%TUI Travel (TT.) 354.90p -2.74%Royal Bank of Scotland Group (RBS) 274.30p -2.70%Tullow Oil (TLW) 1,025.00p -2.29%easyJet (EZJ) 1,317.00p -2.23%William Hill (WMH) 446.90p -2.19%Persimmon (PSN) 1,213.00p -2.18%Travis Perkins (TPK) 1,498.00p -2.16%Vedanta Resources (VED) 1,048.00p -1.78%International Consolidated Airlines Group SA (CDI) (IAG) 265.70p -1.70%RD