This Morning's Top FTSE Movers

Published in Investing on 12 June 2012

Markets and financials fall back, but tobacco is on the rise.

The FTSE 100 (UKX) has been flat this morning, and at 5,454 it's just 22 points up on yesterday's close, which is less than half a percent. That's largely because the Spanish banking bailout excitement quickly fizzled out, and the net result is no change at all really.

The story is the same with Spain's IBEX 35, which jumped yesterday morning then fell back, and is up 53 points this morning to 6,570, for a 0.8% gain. Across Europe, it's been largely: "The banks and the euro are saved! ... oh, no they're not".

Blue-chip movers

In the FTSE 100 (UKX), banks and financial are deflating again after yesterday's brief respite. Barclays (LSE: BARC) is down 3p, or 1.5%, to 187p, and Legal & General (LSE: LGEN) has lost 1.5p, for a 1% fall to 115p.

Tobacco is on the up, with British American Tobacco (LSE: BATS) gaining 62p to 3,173p and Imperial Tobacco (LSE: IMT) up 31p to 2,410p, for gains of 2% and 1.3% respectively.

Marks & Spencer (LSE: MKS) is down 3.7p, or 1.4%, to 328p, while 3I Group (LSE: III) has dropped 3.6p for a 2% fall to 179p.

In the news

Among other companies in the news, high-tech plastics specialist Carclo (LSE: CAR) released full-year results that saw revenues increase by 5%, with underlying operational profit growing by an impressive 12%. At 380p, the shares are up 16p, or 4.5%.

Model railway maker Hornby (LSE: HRN) regained a little of its recent slump, picking up 6p to 76p, for an 8% gain.

Less impressive final results from home-shopping operator Findel (LSE: FDL), which slipped to a loss per share, knocked 9% of the price, pushing it down to 3.4p. And plastic packaging manufacturer RPC Group (LSE: RPC) saw its shares lose 33p to 364p after its results, a fall of 8%.

Premier Foods (LSE: PFD) lost 6%, falling 5.5p to 81p, after two of its executives said this month that they will stand down.

The resources sector

News of production forecasts from its latest well has disappointed investors in Nostra Terra O&G (LSE: NTOG), and the shares have dropped 15% to 0.6p. The company's market cap has been slashed over the past year, and it's worth just £12m now.

The somewhat larger Range Resources (LSE: RRL) slipped by 7% after an update on its interests in Colombia -- the shares are down 0.6p to 8.4p.

Other movers include New World Oil & Gas (LSE: NEW), down 0.3p -- 3% -- to 10.8p, while Xcite Energy (LSE: XEL) barely budged on news of an agreement with BP (LSE: BP), and Condor Resources (LSE: CNR) gained nearly 4% to 3.5p after a positive drilling report.

As always, this morning's news saw some winners and losers -- and perhaps some buying opportunities. For more share ideas, the Motley Fool's "Top Sectors For 2012" report outlines some attractive companies within three favourable industries. The report is free to all private investors -- and you can download your copy now.

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> Alan Oscroft does not own any share mentioned in this article.

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