FTSE 100 movers: Aberdeen lower on accelerating outflows, HSBC underwhelms

Asset manager Aberdeen led the fallers as it reported an accelerating outflow of funds, with £11.3bn withdrawn by investors in the six months to 31 March.

HSBC was trading lower, after underwhelming with its first-quarter results despite profits coming in ahead of expectations. Reported pre-tax profit was up 4% year-on-year at $7.1bn and more than a fifth higher than City forecasts.

Coca-Cola surged after analysts at Citigroup raised their target price on the stock from 1150p to 1450p in a note issued to investors.

Shell was among the risers, despite concerns the oil company could face delays in its quest to return to the arctic, which were driven by a ruling that Seattle's port must apply for a permit if it is to remain in use as a hub for drilling rigs.

Rolls Royce and Weir Group were making gains after announcing a joint venture to develop fracking drills, in a bid to make the process more efficient.

BHP Billiton and Rio Tinto rebounded from falls in early trading, which were a result of a 25 basis-point cut in interest rates from the Reserve bank of Australia to a record low of 2%.

Risers

Fresnillo (FRES) 741.50p +4.14%
TUI AG Reg Shs (DI) (TUI) 1,233.00p +2.75%
Randgold Resources Ltd. (RRS) 5,120.00p +2.40%
Coca-Cola HBC AG (CDI) (CCH) 1,409.00p +2.40%
Smiths Group (SMIN) 1,159.00p +2.20%
Dixons Carphone (DC.) 426.90p +2.10%
Royal Dutch Shell 'A' (RDSA) 2,101.00p +1.99%
Sage Group (SGE) 498.10p +1.86%
BP (BP.) 476.80p +1.75%
ARM Holdings (ARM) 1,137.00p +1.70%

Fallers
Aberdeen Asset Management (ADN) 451.30p -2.55%
International Consolidated Airlines Group SA (CDI) (IAG) 545.50p -2.15%
Ashtead Group (AHT) 1,123.00p -2.09%
HSBC Holdings (HSBA) 633.50p -1.98%
Shire Plc (SHP) 5,255.00p -1.87%
Imperial Tobacco Group (IMT) 3,174.00p -1.70%
RSA Insurance Group (RSA) 418.30p -1.60%
Persimmon (PSN) 1,665.00p -1.54%
Barratt Developments (BDEV) 506.00p -1.46%
Taylor Wimpey (TW.) 163.10p -1.45%