Sector movers: Investors applaud Thomson Reuters delisting

23rd Jun 2009 13:26

Media stocks are going well after information giant Thomson Reuters said it is to delist from the London Stock Exchange and NASDAQ, while retaining its listings on the Toronto and New York stock exchanges.The company said that unifying the company's capital structure "will consolidate and improve the trading of the company's shares and simplify its capital structure."Among the electricity stocks dragging the sector lower is power station operator Drax which is to raise £100m through a placing to restore its credit rating after a recent downgrade by Standard & Poor's.Top performing sectors so far todayPersonal Goods 7,215.62 +3.48%Media 2,525.73 +2.58%Chemicals 3,142.83 +2.38%Electronic & Electrical Equipment 1,168.66 +2.14%Industrial Metals 3,771.22 +2.05%Bottom performing sectors so far todayAutomobiles & Parts 1,881.80 -2.25%Electricity 6,113.88 -1.27%Life Insurance 2,844.80 -0.87%Oil Equipment Services & Distribution 11,406.93 -0.68%Gas, Water & Multiutilities 3,537.72 -0.62%