FTSE 100 movers: Associated British Foods climbs after cheering 'magnificent' year for Primark

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Sharecast News | 04 Nov, 2014

Updated : 16:49

Full-year earnings and dividends from Associated British Foods were up 6% on the prior year despite revenues falling 3%. Shares were higher after the company reported a "magnificent" year for its Primark clothing chain, where operating profits jumped 30%.

Cigarette maker Imperial Tobacco gained as it hailed rising demand for key brands such as Davidoff, JPS and Lambert & Butler and said it it was boosting its annual dividend by 10% to 128.1p a share.

Insurance and pensions group Legal & General also rose after saying it racked up record annuity sales of £3.9bn in the first nine months of the year despite British government changes that have relaxed obligations on people to buy annuities to save for their retirement.

Oil and gas producers Tullow Oil, Shell, BP and BG Group were among the worst performers on Tuesday as stocks tracked oil prices lower. Oil services peers Hunting and Petrofac were also out of favour.

Shares in Glencore also declined after the commodities giant reported mixed output from some of its operations and despite recording an 8% increase in copper production in the first three quarters of 2014.

FTSE 100 - Risers
Associated British Foods (ABF) 2,784.00p +4.23%
Imperial Tobacco Group (IMT) 2,772.00p +3.94%
Randgold Resources Ltd. (RRS) 3,800.00p +2.70%
Legal & General Group (LGEN) 235.30p +2.04%
London Stock Exchange Group (LSE) 2,040.00p +1.49%
Dixons Carphone (DC.) 394.50p +1.44%
Rolls-Royce Holdings (RR.) 846.00p +1.32%
G4S (GFS) 255.60p +1.27%
Intu Properties (INTU) 342.30p +1.27%
AstraZeneca (AZN) 4,576.00p +1.23%

FTSE 100 - Fallers
Tullow Oil (TLW) 458.60p -5.11%
Aggreko (AGK) 1,458.00p -4.08%
Weir Group (WEIR) 2,150.00p -4.06%
BG Group (BG.) 996.90p -3.77%
Petrofac Ltd. (PFC) 1,045.00p -3.24%
Royal Dutch Shell 'B' (RDSB) 2,220.00p -2.72%
BP (BP.) 431.75p -2.69%
Royal Dutch Shell 'A' (RDSA) 2,140.00p -2.55%
Burberry Group (BRBY) 1,476.00p -2.19%
Hargreaves Lansdown (HL.) 982.00p -1.80%

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