Holiday Inn owner InterContinental Hotels became the worst performer on the FTSE after saying that revenue per available room (RevPAR) had fallen 5.2 per cent in 2012. Nevertheless, strong growth in the US and cost cuts helped to produce a 10 per cent increase in operating profits.

Vodafone Group dropped after Berstein downgraded the stock from 'market perform' to 'underperform'.

Morrison was lower after JP Morgan initiated its coverage of the stock with a target price of 245p and an underweight rating, while Sainsbury was started on a target price of 325p and an underweight rating.

Meanwhile, Rolls-Royce Group was boosted after Exane BNP shifted its target price from 1,060p to 1,075p, and maintained an outperform rating.

UBS has raised its target price for Reed Elsevier from 770p to 790p and reiterated its 'buy' rating for the stock ahead of the publishing and exhibitions group's full-year results later this month.

TUI Travel was boosted after Thompson Reuters analysts upwardly revised their earnings per share estimates for the group, saying that "technically, the security is in an uptrend on all time scales and it is supported by moving averages".


FTSE 100 - Risers
Rolls-Royce Holdings (RR.) 1,039.00p +3.49%
TUI Travel (TT.) 327.40p +3.41%
Aviva (AV.) 369.60p +2.67%
Burberry Group (BRBY) 1,387.00p +2.36%
Legal & General Group (LGEN) 154.80p +2.25%
Reed Elsevier (REL) 710.00p +2.23%
Aberdeen Asset Management (ADN) 433.60p +2.19%
Standard Chartered (STAN) 1,767.00p +2.17%
GKN (GKN) 262.80p +2.14%
G4S (GFS) 289.00p +1.98%

FTSE 100 - Fallers
InterContinental Hotels Group (IHG) 1,945.00p -2.21%
Vodafone Group (VOD) 163.15p -2.19%
Morrison (Wm) Supermarkets (MRW) 259.50p -1.67%
Eurasian Natural Resources Corp. (ENRC) 385.60p -1.20%
Sainsbury (J) (SBRY) 330.10p -0.81%
Hammerson (HMSO) 501.50p -0.50%
Antofagasta (ANTO) 1,094.00p -0.36%
Kazakhmys (KAZ) 723.50p -0.34%
Carnival (CCL) 2,457.00p -0.20%
Severn Trent (SVT) 1,602.00p -0.19%

NR

Related share prices
Aviva (AV.) share price
Reed Elsevier (REL) share price
Rolls-Royce Holdings (RR.) share price
Sainsbury (J) (SBRY) share price
Vodafone Group (VOD) share price
TUI Travel (TT.) share price
Morrison (Wm) Supermarkets (MRW) share price
InterContinental Hotels Group (IHG) share price