FTSE 100 movers: Wood Group falls as update comes in mixed

13th Dec 2012 15:48

Energy services giant Wood Group fell after it reported mixed trading in its Upstream division and despite saying it expects to deliver good growth this year, with overall conditions in energy markets remaining 'favourable'. AstraZeneca fell after revealing that its experimental drug for rheumatoid arthritis gave a disappointing performance during tests. The drug had been widely expected to perform some kind of wonder treatment. Burberry was lower on reports that it is planning to review its global media planning and buying account. A decline in Evraz shares appears to be linked to reports that the company has split its iron ore and coal mining divisions. The shares are also settling following decent gains the previous day. Meanwhile, Tullow Oil was recovering one day after Credit Suisse downgraded the stock from 'outperform' to 'neutral', saying that it may take some time for investor confidence to return. United Utilities was putting in a decent performance as the index as a whole fell into the red. Barclays got a boost after Deutsche Bank raised its target price from 300p to 360p and maintained its buy recommendation. The rise comes amid reports claiming that the group is planning to cut 2,000 jobs, according to sources close to the group. FTSE 100 - RisersTullow Oil (TLW) 1,215.00p +2.79%Aviva (AV.) 374.60p +2.10%United Utilities Group (UU.) 702.00p +1.81%Barclays (BARC) 255.20p +1.03%Rio Tinto (RIO) 3,344.00p +1.00%Polymetal International (POLY) 1,154.00p +0.96%Vodafone Group (VOD) 163.00p +0.90%GKN (GKN) 227.50p +0.89%Resolution Ltd. (RSL) 249.10p +0.85%Standard Chartered (STAN) 1,504.50p +0.84%FTSE 100 - FallersWood Group (John) (WG.) 740.00p -3.71%AstraZeneca (AZN) 2,953.00p -2.94%Burberry Group (BRBY) 1,263.00p -2.55%Experian (EXPN) 1,000.00p -2.15%Amec (AMEC) 1,025.00p -1.73%BG Group (BG.) 1,048.00p -1.60%Croda International (CRDA) 2,340.00p -1.52%Weir Group (WEIR) 1,837.00p -1.50%Smith & Nephew (SN.) 669.00p -1.47%Kazakhmys (KAZ) 747.00p -1.39%NR