FTSE 100 movers: Aberdeen Asset shares jump after divi hike

Rolls-Royce cheered with the news it has completed a deal announced earlier this year to sell its Energy gas turbine and compressor business to Siemens for a £785m cash consideration. The company is planning to return the proceeds of the sale to shareholders by way of a £1bn share buyback.

Meanwhile, UBS has downgraded Holiday Inn and Crowne Plaza owner Intercontinental Hotels Group from 'neutral' to 'sell', saying that the stock is expensive given its concerns about slowing growth. The rating prompted the shares to slide more than 4%.

Tullow Oil was leading the decline in the oil sector after a downgrade from JPMorgan Cazenove to 'neutral'. The bank more than halved its target price for the stock from 1,000p to just 495p. JPMorgan also cut its ratings for FTSE 250 peers Ophir, Enquest and Afren.

Vodafone was trading firmly in the red on the back of weekend reports that management has held talks with Tesco about buying its loss-making pay-TV service, Blinkbox.

FTSE 100 - Risers
Aberdeen Asset Management (ADN) 466.40p +3.67%
Sports Direct International (SPD) 676.50p +2.42%
Fresnillo (FRES) 725.50p +1.90%
International Consolidated Airlines Group SA (CDI) (IAG) 465.00p +1.64%
Randgold Resources Ltd. (RRS) 4,320.00p +1.58%
Rolls-Royce Holdings (RR.) 855.50p +1.54%
Dixons Carphone (DC.) 428.00p +1.11%
Wolseley (WOS) 3,623.00p +0.92%
Johnson Matthey (JMAT) 3,353.00p +0.81%
ARM Holdings (ARM) 920.00p +0.60%

FTSE 100 - Fallers
InterContinental Hotels Group (IHG) 2,620.00p -3.32%
Smiths Group (SMIN) 1,119.00p -3.28%
TUI Travel (TT.) 430.20p -3.26%
Tullow Oil (TLW) 412.40p -3.19%
Vodafone Group (VOD) 226.80p -3.06%
RSA Insurance Group (RSA) 454.70p -2.88%
SABMiller (SAB) 3,461.50p -2.88%
Coca-Cola HBC AG (CDI) (CCH) 1,417.00p -2.41%
Old Mutual (OML) 195.50p -2.40%
St James's Place (STJ) 776.00p -2.27%