FTSE 100 movers: TUI tops the list as profit grows

2nd Dec 2010 14:37

TUI Travel leads the risers Thursday after it increased underlying pre-tax profit by 4% to £337m during the year to September.Profit growth was driven by integration synergies, the recovery of scheduled flying losses in Germany and the strategic venture in Canada.Sage Group, the blue chip accountancy software firm, continued to perform well after yesterday's results saw a 14% increase in full-year underlying pre-tax profit thanks to a cost-cutting drive, mostly in North America. The group was helped higher Thursday by broker Nomura highlighting the company's strong performance, saying it expects solid execution in 2011, rating the stock a 'buy'.Barclays was among the fallers after announcing it is getting rid of several hundred wealthy investment bankers following a big drop in revenues at its "casino" arm. A 90-day consultation process has been kicked off at Barclays Capital, run by Bob Diamond who takes over as chief executive next March. FTSE 100 - RisersTUI Travel (TT.) 228.50p +6.58%GKN (GKN) 205.10p +4.96%Sage Group (SGE) 282.80p +4.35%Kingfisher (KGF) 247.80p +4.21%Burberry Group (BRBY) 1,070.00p +3.68%Vedanta Resources (VED) 2,119.00p +3.62%Cobham (COB) 198.80p +3.33%ICAP (IAP) 516.00p +3.30%Wolseley (WOS) 1,796.00p +3.22%Experian (EXPN) 774.00p +2.99%FTSE 100 - FallersImperial Tobacco Group (IMT) 1,855.00p -1.38%Resolution Ltd. (RSL) 212.00p -1.35%Xstrata (XTA) 1,352.50p -1.06%Inmarsat (ISAT) 645.50p -0.69%National Grid (NG.) 549.00p -0.63%Marks & Spencer Group (MKS) 382.80p -0.49%Barclays (BARC) 266.70p -0.49%Investec (INVP) 504.00p -0.49%Cairn Energy (CNE) 393.20p -0.46%GlaxoSmithKline (GSK) 1,225.50p -0.45%