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FTSE 100 movers: Merger activity dominates
Wed, 08 Feb, 2012
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FTSE 100 movers: Merger activity dominates
Thu, 2 Sep 2010, 15:11:00
Bid talk has pushed Footsie higher. <b>TUI Travel</b> continues to rise following speculation that minority shareholders may be bought out. Bid speculation is also driving up the share price of software company <b>Autonomy</b> with acquisition-hungry US software giants Microsoft and Oracle in the frame as likely bidders at a price north of 2500p per share. A new contract boosted <b>BAE Systems</b>. Chip maker <b>ARM</b> is lower after Panmure Gordon repeated its sell recommendation and cut its price target to 265p. Shares in <b>Tullow Oil</b> fell after it announced that it is buying half-shares in five licences in the East African rift basins of Kenya and Ethiopia. Africa Oil Corp has sold Tullow 50% stakes in blocks 10BB, 10A, 12A and 13T in Kenya and the South Omo block in Ethiopia, an area covering 97,000 square kilometres. Citigroup downgraded <b>Lonmin</b> from buy to hold. <b>FTSE 100 - Risers</b> Man Group (EMG) 229.60p +6.05% Autonomy Corporation (AU.) 1,706.00p +4.60% Whitbread (WTB) 1,514.00p +3.63% BAE Systems (BA.) 312.60p +3.51% Carnival (CCL) 2,272.00p +3.46% TUI Travel (TT.) 221.90p +2.54% Old Mutual (OML) 134.50p +2.13% International Power (IPR) 386.30p +2.06% Vedanta Resources (VED) 2,009.00p +1.98% Wolseley (WOS) 1,362.00p +1.95% <b>FTSE 100 - Fallers</b> Tullow Oil (TLW) 1,186.00p -3.89% ARM Holdings (ARM) 360.20p -3.72% Cairn Energy (CNE) 454.90p -3.68% Cable & Wireless Worldwide (CW.) 70.00p -2.71% Inmarsat (ISAT) 683.50p -2.43% Centrica (CNA) 324.70p -2.02% Fresnillo (FRES) 1,100.00p -1.70% 3i Group (III) 266.20p -1.41% Essar Energy (ESSR) 414.10p -1.40% Lonmin (LMI) 1,586.00p -1.31%
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