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FTSE 100 movers: AstraZeneca rival's failure helps boost market

Mon, 16th Nov 2015 15:12

(ShareCast News) - The FTSE 100 remained resilient after Friday night's terrorist attacks in Paris, with the market up 3.02 points (0.05%) to 6,121.30 points mid-afternoon Monday.AstraZeneca was the market's biggest riser after news that the US Food and Drug Administration has asked for additional clinical data from one of its key competitors. The FDA asked for more information on the effectiveness of Clovis Oncology's experimental lung cancer drug, rociletinib. That meant the drug's approval could be delayed and has put the company's progress behind rival AstraZeneca, whose similar treatment was approved last Friday.Imperial Tobacco Group surged in early trading after Goldman Sachs reiterated its buy rating for the stock, but revised its price target down from 3,800p to 3,700p. It came less than two weeks after Credit Suisse upgraded its price target on Imperial Tobacco from 3,500p to 3,800p on the back of better-than-expected cash flow.Taylor Wimpey also had a good start to the day after it said it expected to report a 2% rise in 2015 operating profit margin and a return on net operating assets of more than 25%. In a trading statement for the year to date, the housebuilder said it had seen an "excellent summer selling season strengthen further in the autumn period", underpinned by rising wages and access to a wider range of mortgages.However the market wasn't immune from the events across the channel, with Tui AG and International Consolidated Airlines Group registering big falls in the wake of the Paris attacks. Kepler Cheuvreux noted that the consequences of the terrorist attack are negative for the entire travel and leisure sector in Europe and especially France. "The travel & leisure sector is fully based on trust and confidence; people only travel when they feel they are safe. If not, international tourism in particular can be hit hard considering that conventions, fairs or any other leisure trips can be postponed to a safer period." FTSE 100 - RisersAstraZeneca (AZN) 4,255.50p 3.94%Taylor Wimpey (TW.) 179.40p 3.22%Imperial Tobacco Group (IMT) 3,552.00p 2.84%Rolls-Royce Holdings (RR.) 528.00p 2.82%ITV (ITV) 265.50p 2.12%Randgold Resources Ltd. (RRS) 4,030.00p 2.00%BAE Systems (BA.) 462.50p 1.96%Royal Dutch Shell 'A' (RDSA) 1,595.00p 1.72%BG Group (BG.) 984.30p 1.72%BP (BP.) 370.15p 1.55%FTSE 100 - FallersTUI AG Reg Shs (DI) (TUI) 1,090.00p -3.88%International Consolidated Airlines Group SA (CDI) (IAG) 574.00p -3.12%Carnival (CCL) 3,389.00p -2.36%Pearson (PSON) 765.50p -2.05%InterContinental Hotels Group (IHG) 2,462.00p -1.87%Burberry Group (BRBY) 1,252.00p -1.26%Merlin Entertainments (MERL) 392.10p -1.01%Whitbread (WTB) 4,414.00p -0.85%Royal Mail (RMG) 440.50p -0.81%Smiths Group (SMIN) 920.50p -0.75%
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6 Nov 2015 12:44

Broker tips: National Grid, Betfair, Imperial Tobacco

(ShareCast News) - Jefferies downgraded National Grid to 'hold' from 'buy' but lifted the price target to 950p from 900p. It said that following the strong share price performance in recent months the shares are now at fair value. Still, it continues to believe National Grid will outperform against

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6 Nov 2015 09:52

BROKER RATINGS SUMMARY: Jefferies Cuts National Grid To Hold From Buy

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5 Nov 2015 09:51

BROKER RATINGS SUMMARY: Goldman Adds SSE To Conviction Sell List

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4 Nov 2015 12:12

Wednesday newspaper share tips: Take a long drag of Imperial Tobacco

(ShareCast News) - It isn't time to kick the habit yet when it comes to Imperial Tobacco Group, The Times' Tempus said on Wednesday. On Tuesday, the company posted a rise in pre-tax profit and underlying tobacco net revenue for the year ended 30 September and said it was well placed to meet expectat

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4 Nov 2015 09:41

BROKER RATINGS SUMMARY: SocGen Cuts Whitbread To Hold From Buy

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3 Nov 2015 10:34

WINNERS & LOSERS SUMMARY: Liberum Downgrades Hit Housebuilders

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3 Nov 2015 07:53

London pre-open: StanChart beats third quarter forecasts

(ShareCast News) - Shares were expected to rise at the start of the session, taking their cue from overnight gains on Wall Street that saw the Dow Jones Industrials move back into positive territory for the year and the S&P clamber back atop its mid-August highs. The Footsie was seen starting the da

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3 Nov 2015 07:32

Imperial Tobacco Profit Up, On Track For New Year Despite Challenges

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3 Nov 2015 07:15

Imperial Tobacco says well placed for 2016

LONDON, Nov 3 (Reuters) - Britain's Imperial Tobacco Group said it was well placed to meet expectations for the 2016 financial year after it reported an acceleration in underlying tobacco net revenue for the end to its 2015 year. The maker of cigarettes such as Gauloises and Davidoff said

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2 Nov 2015 14:41

Tuesday preview: ABF and Imperial Tobacco report full-year results

(ShareCast News) - Primark owner Associated British Foods is expected to report a 5% drop in adjusted full-year earnings on Tuesday, reflecting challenges at its sugar division. UBS predicts earnings per share of 98p, in line with consensus forecasts and management's guidance. "All divisions except

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2 Nov 2015 09:54

BROKER RATINGS SUMMARY: HSBC Downgrades easyJet And IAG

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