FTSE 100 movers: Strong growth for Inmarsat

8th Nov 2010 14:30

Satellite operator Inmarsat achieved strong growth in its aeronautical and leasing services in the third quarter. Total revenue in the three months ended 30 September rose 19% to $308.8m from $260m the year before. Pay TV and internet service provider BSkyB has reached its target of 10m TV customers, with 36% of households in the UK and Ireland now taking its service. There is also talk that Rupert Murdoch will have to increase his bid for the minority stake in the company. Serco's share price decline continues following last week's u-turn on supplier rebates. Anglo American is lower as the strike at its 44%-owned Chilean copper mine Dona Ines de Collahuasi enters its fourth day. Xstrata also owns 44% of the mine.Utility firm Scottish & Southern Energy has been downgraded to "reduce" by Nomura, which suggests that the dividend may be under threat.Goldman Sachs has taken the shine off the share price of gold miner African Barrick Gold, downgrading the stock to "sell", as it feels output may disappoint in the near term.FTSE 100 - RisersCompass Group (CPG) 540.00p +3.15%Inmarsat (ISAT) 689.50p +2.15%Invensys (ISYS) 320.20p +2.14%Reed Elsevier (REL) 533.50p +1.43%Weir Group (WEIR) 1,690.00p +1.32%British Sky Broadcasting Group (BSY) 728.50p +1.18%Amec (AMEC) 1,137.00p +1.16%Smith & Nephew (SN.) 594.00p +1.11%Vedanta Resources (VED) 2,343.00p +1.03%Essar Energy (ESSR) 550.00p +1.01%FTSE 100 - FallersSerco Group (SRP) 556.00p -2.97%Anglo American (AAL) 2,970.00p -1.95%Scottish & Southern Energy (SSE) 1,120.00p -1.75%Resolution Ltd. (RSL) 248.30p -1.70%National Grid (NG.) 581.00p -1.61%Tullow Oil (TLW) 1,231.00p -1.60%Royal Bank of Scotland Group (RBS) 44.30p -1.56%African Barrick Gold (ABG) 540.50p -1.55%British Airways (BAY) 277.60p -1.42%BT Group (BT.A) 159.50p -1.42%