FTSE 100 movers: Vedanta deal could get clearance

12th Jan 2011 13:14

Miners and financials dominate the risers. The Indian oil minister says that he does not see a problem with Vedanta's acquisition of assets from Cairn Energy. It could be cleared by the end of the month. HSBC appears to still be benefiting from Citigroup raising it from hold to buy yesterday. J Sainsbury is lower even though the supermerket group had its best Christmas ever, with better than expected sales, a growing market share and a record number of customers despite the snow. Like-for-like sales excluding fuel rose 3.6% in the 14 weeks to 8 January, while total sales grew 6%.FTSE 100 - RisersHSBC Holdings (HSBA) 713.00p +3.53%Vedanta Resources (VED) 2,490.00p +3.28%Kazakhmys (KAZ) 1,664.00p +3.23%Eurasian Natural Resources Corp. (ENRC) 1,112.00p +3.15%Legal & General Group (LGEN) 109.20p +3.02%Barclays (BARC) 299.70p +2.64%Aviva (AV.) 418.70p +2.50%Anglo American (AAL) 3,359.00p +2.30%Smith & Nephew (SN.) 685.00p +2.24%Standard Chartered (STAN) 1,737.50p +2.09%FTSE 100 - FallersGKN (GKN) 230.40p -2.83%Cairn Energy (CNE) 445.50p -2.15%National Grid (NG.) 540.50p -1.99%Sainsbury (J) (SBRY) 383.00p -1.90%Petrofac Ltd. (PFC) 1,655.00p -1.78%Intertek Group (ITRK) 1,842.00p -1.76%Fresnillo (FRES) 1,532.00p -1.73%BT Group (BT.A) 187.80p -1.57%Burberry Group (BRBY) 1,125.00p -1.49%Admiral Group (ADM) 1,515.00p -1.37%