FTSE 100 movers: Tullow Oil and travel stocks lead downside

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Sharecast News | 10 Oct, 2014

Updated : 16:20

Oil and gas group Tullow Oil was firmly in the red after the company said that the Sputnik-1 well on its part-owned Arouwe block offshore Gabon has found "non-commercial" hydrocarbons.

Travel and leisure peers TUI Travel, Carnival and IAG were all registering losses as concerns about the Ebola crisis continued to grow.

Burberry was also under pressure as analysts expressed concerns about how a potential drop in tourism will affect sales of luxury goods.

Mining stocks were pulling back after a strong performance the previous session as metal prices gave up recent gains. Anglo American, Antofagasta, Glencore and BHP Billiton were among the worst performers.

British American Tobacco was trading lower after Goldman Sachs cut its rating on the cigarette maker to 'sell'.

Panmure Gordon pushed Weir Group into the red after sticking with its 'sell' rating on the group and cutting its target price from 2,030p to 1,730p.


FTSE 100 - Risers
Aberdeen Asset Management (ADN) 396.40p +0.79%
RSA Insurance Group (RSA) 466.40p +0.73%
Hammerson (HMSO) 560.00p +0.63%
easyJet (EZJ) 1,349.00p +0.60%
British Land Co (BLND) 681.50p +0.52%
BAE Systems (BA.) 445.10p +0.50%
BT Group (BT.A) 370.50p +0.41%
Land Securities Group (LAND) 1,032.00p +0.39%
Persimmon (PSN) 1,281.00p +0.39%
Travis Perkins (TPK) 1,612.00p +0.37%

FTSE 100 - Fallers
Tullow Oil (TLW) 538.50p -5.69%
Hargreaves Lansdown (HL.) 888.50p -3.69%
TUI Travel (TT.) 344.20p -3.56%
Antofagasta (ANTO) 664.50p -3.13%
Weir Group (WEIR) 2,232.00p -2.96%
ARM Holdings (ARM) 848.50p -2.75%
Glencore (GLEN) 313.05p -2.70%
Fresnillo (FRES) 749.50p -2.66%
Carnival (CCL) 2,213.00p -2.42%
BHP Billiton (BLT) 1,625.50p -2.40%

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