FTSE 100 movers:

12th Apr 2010 11:26

Talk that Asda, the UK supermarket group owned by the US retail giant Wal-Mart, has Home Retail Group in its sights has lifted the Argos and Homebase owner. Elsewhere in the world of retail and supermarkets, Sainsbury's is higher after a double upgrade from BofA Merrill Lynch to 'buy' from 'underperform'. The broker is impressed with the way the supermarket has moved into the non-food arena.In other broker coverage, shares in ARM have fallen back after the broker Citigroup lowered its rating on the chip designer from 'hold' to 'sell.' 'While the resilience of ARM's business model through the downturn and leverage potential through the upturn argue for a premium, valuation has now run ahead of fundamentals,' the broker says.FTSE 100 - RisersHome Retail Group (HOME) 295.00p +5.21%Sainsbury (J) (SBRY) 348.10p +2.87%Sage Group (SGE) 255.00p +1.92%ICAP (IAP) 395.00p +0.95%Barclays (BARC) 359.90p +0.95%London Stock Exchange Group (LSE) 754.50p +0.94%Marks & Spencer Group (MKS) 373.50p +0.89%International Power (IPR) 333.50p +0.79%Kingfisher (KGF) 232.00p +0.69%Man Group (EMG) 265.90p +0.64%FTSE 100 - FallersARM Holdings (ARM) 238.30p -2.34%Xstrata (XTA) 1,278.50p -1.58%Experian Group (EXPN) 628.00p -1.26%Antofagasta (ANTO) 1,051.00p -1.04%Smiths Group (SMIN) 1,144.00p -0.95%Compass Group (CPG) 535.00p -0.93%Eurasian Natural Resources (ENRC) 1,227.00p -0.89%Randgold Resources (RRS) 5,415.00p -0.82%Shire Plc (SHP) 1,438.00p -0.76%Thomas Cook Group (TCG) 267.50p -0.74%