Sector movers: Engineers galvanised by industrial data

9th May 2013 15:12

Engineers Weir and IMI led a charge by the industrial engineering sector, heartened by positive news of UK industrial production. Beating expectations of a modest 0.2% gain, UK industrial production output rose by 0.7% month-on-month in March, according to the latest data out from the Office for National Statistics (ONS). Weir added 3.9% to 2,297p and IMI 3.4% to 1,322p, as the sector rose 2.3% on Thursday.The fixed-line telecoms sector moved the most in the other direction, as internet provider Talk Talk Telecom was surprised by the announcement of an attractive broadband offer from BT.Talk Talk shares fizzled 12.5% down to 221p after BT's offer of free Premier League football for broadband customers was announced, with BT's also faltering 2.0% to 276.6p, leading to the telecoms sector's 2.8% fall.Top performing sectors so far todayIndustrial Engineering 9,617.20 +2.30%General Industrials 3,894.22 +2.13%Support Services 5,995.59 +1.75%Personal Goods 21,865.26 +1.55%Oil Equipment, Services & Distribution 23,679.81 +1.37%Bottom performing sectors so far todayFixed Line Telecommunications 3,216.02 -2.82%Media 5,399.81 -1.23%Construction & Materials 3,674.72 -1.12%Beverages 15,251.59 -0.91%Chemicals 9,256.45 -0.67%OH