FTSE 100 movers: HSBC soars on potential high street spin-off, house builders lower

27th Apr 2015 13:27

HSBC surged as reports emerged that it may spin-off its UK high street banking business, ahead of a review of its headquarters' location.Asia-facing bank Standard Chartered, also situated in London, rose on speculation it could follow suit with a move out of the capital.Prudential was making gains as analysts at Jeffries lifted their price target from 1964p to 1978p and reiterated their 'buy' rating on the stock.Tesco topped the fallers in the wake of Friday's credit ratings downgrade from Fitch.ITV was in the red as Ofcom announced changes to the cost of entering phone-ins, competitions and votes on TV and radio programmes.Property stocks including Taylor Wimpey and Barratt Developments were trading lower on looming election uncertainty, as Labour's 'mansion tax' threatens to affect the house builders' premium trade.RisersStandard Chartered (STAN) 1,114.50p +4.16%HSBC Holdings (HSBA) 653.30p +3.75%Hargreaves Lansdown (HL.) 1,221.00p +3.39%Prudential (PRU) 1,667.00p +2.14%Sports Direct International (SPD) 625.50p +2.04%GlaxoSmithKline (GSK) 1,565.50p +2.02%Whitbread (WTB) 5,435.00p +1.87%Associated British Foods (ABF) 2,820.00p +1.77%Anglo American (AAL) 1,101.00p +1.76%International Consolidated Airlines Group SA (CDI) (IAG) 581.50p +1.66%FallersAggreko (AGK) 1,647.00p -1.50%Marks & Spencer Group (MKS) 546.50p -1.44%Tesco (TSCO) 221.70p -1.38%Taylor Wimpey (TW.) 167.20p -1.18%Barratt Developments (BDEV) 535.00p -1.11%ITV (ITV) 266.80p -1.04%Smith & Nephew (SN.) 1,173.00p -0.93%SSE (SSE) 1,593.00p -0.75%Weir Group (WEIR) 1,742.00p -0.74%BT Group (BT.A) 464.50p -0.66%