FTSE 100 movers: Sky rockets on Q3 results, miners and oils stocks lower

Sky topped the FTSE 100 risers after third-quarter results showed the most growth in 11 years. The broadcaster grew customer numbers 70%, which fed through to a 20% increase in operating profits.

Smartphone and tablet microchip designer ARM Holdings surged after beating its own guidance with a 14% jump in dollar revenues in the first quarter of 2015. The company also gave an upbeat outlook, saying that dollar revenues for the full year should be "at least in line with current market expectations".

Travel stocks IAG and easyJet were making gains as lower oil prices eased fuel costs.

Meanwhile, lower commodity prices were weighing on stocks in the mining and oil sectors, which were pulling back after a decent performance on Monday. Rio Tinto, Anglo American and Shell were all firmly in the red.

Rio Tinto and Anglo American were also under the cosh in London as analysts at Barclays Capital downgraded both stocks after slashing their commodity prices forecasts across the board.

Associated British Foods led the fallers after profits fell in the first half, as the surging performance of its Primark fast-fashion chain was outweighed by a weaker sugar business.

Risers
Sky (SKY) 1,107.00p +5.23%
ARM Holdings (ARM) 1,191.00p +3.57%
InterContinental Hotels Group (IHG) 2,866.00p +2.87%
International Consolidated Airlines Group SA (CDI) (IAG) 587.00p +2.71%
Hargreaves Lansdown (HL.) 1,239.00p +2.48%
easyJet (EZJ) 1,859.00p +2.48%
WPP (WPP) 1,582.00p +2.46%
United Utilities Group (UU.) 982.00p +2.24%
Rolls-Royce Holdings (RR.) 1,004.00p +2.24%
Ashtead Group (AHT) 1,169.00p +2.19%

Fallers
Associated British Foods (ABF) 2,768.00p -3.32%
Weir Group (WEIR) 1,838.00p -2.75%
Rio Tinto (RIO) 2,805.00p -2.40%
Anglo American (AAL) 1,015.50p -2.17%
BHP Billiton (BLT) 1,462.00p -1.32%
Marks & Spencer Group (MKS) 557.00p -1.15%
Coca-Cola HBC AG (CDI) (CCH) 1,334.00p -0.82%
Fresnillo (FRES) 710.50p -0.77%
Royal Dutch Shell 'A' (RDSA) 2,106.50p -0.68%
Royal Dutch Shell 'B' (RDSB) 2,132.50p -0.61%