FTSE 100 movers: Smith and Nephew rises after first quarter results

Medical devices maker Smith & Nephew rose strongly after it posted a 3% increase in both revenue and profit for the third quarter, thanks to an improvement in its emerging and international markets units, recent product launches and investment in the sales force. On an underlying basis, turnover climbed from $1,027m to $1,148m, thanks to its Sports Medicine and Trauma & Extremities divisions, which benefitted from recent product launches and investment in the US sales force.

Wealth manager St James's Place was another stand-out performer, rising strongly after seeing impressive inflows in its third quarter, helped by a big increase in demand for new ISA investments. Funds under management reached a record £49.1bn by 30 September, up 17% on the year before.

Mondi was also higher thanks to the news Moody's Investors Service has upgraded the group's credit rating to Baa2 from Baa3. Chief executive Andrew King said it was "further testament to the robustness of the group's business model and the ability of the business to generate strong cashflows through the business cycle".

Meanwhile, shares in Standard Chartered fell for a fourth day amid reports US prosecutors have re-opened their investigations into whether the lender withheld information into the possible violation of the sanctions regime on Iran.

Mining groups dropped in the face of falling metal prices, with gold at a three-week low and copper pulling back from a six-week high. Fresnillo, Randgold, Anglo American, Glencore and Antofagasta were among the worst performers.

Tullow Oil was knocked lower by Deutsche Bank, which cut its target price from 790p to 650p.

FTSE 100 - Risers
Smith & Nephew (SN.) 1,056.00p +3.73%
St James's Place (STJ) 713.00p +3.63%
Shire Plc (SHP) 4,141.00p +1.62%
Ashtead Group (AHT) 1,019.00p +1.60%
Smiths Group (SMIN) 1,150.00p +1.59%
Mondi (MNDI) 1,029.00p +1.58%
Persimmon (PSN) 1,441.00p +1.48%
InterContinental Hotels Group (IHG) 2,330.00p +1.48%
Royal Bank of Scotland Group (RBS) 365.00p +1.45%
Carnival (CCL) 2,457.00p +1.40%

FTSE 100 - Fallers
Randgold Resources Ltd. (RRS) 3,777.00p -6.07%
Standard Chartered (STAN) 940.80p -5.17%
Fresnillo (FRES) 714.00p -4.67%
Anglo American (AAL) 1,314.00p -2.85%
Glencore (GLEN) 315.60p -2.50%
BT Group (BT.A) 366.40p -2.42%
Tullow Oil (TLW) 482.50p -2.33%
Antofagasta (ANTO) 688.00p -2.27%
BG Group (BG.) 1,025.00p -1.87%
Sainsbury (J) (SBRY) 246.20p -1.76%