Xstrata shares have jumped after the company's shareholders gave their approval on a merger between it and commodities trading giant Glencore, sealing the deal on what has been 10 months of discussions. However, investors voted against the controversial retention package for its managers.

Fashion chain Burberry shares got a boost after it was reported on Bloomberg TV that the company is likely to be able withstand the slowdown in China.

Analysts at Barclays have raised their view of hotels giant Intercontinental Hotels to 'overweight', prompting shares to rise throughout the day.

Shares in Barclays and HSBC were lower after Andrew Bailey, the head of banking supervision at the FSA, said that banks should face the threat of being broken up if they do not comply with proposals to ring-fence retail and riskier operations.

Imperial Tobacco and British American Tobacco both fell after the Australian government blocked a request for the World Trade Organisation to investigate the companies' claims that it, the Australian government, unlawfully seized their (and a number of other companies') intellectual property. Australia banned the sale of cigarettes sold in packaging containing trademarks. The country will not be able to block a second request.


FTSE 100 - Risers
Xstrata (XTA) 986.00p +3.05%
Burberry Group (BRBY) 1,246.00p +2.64%
InterContinental Hotels Group (IHG) 1,630.00p +2.52%
Antofagasta (ANTO) 1,251.00p +2.04%
Shire Plc (SHP) 1,762.00p +2.03%
International Consolidated Airlines Group SA (CDI) (IAG) 166.70p +2.02%
Aggreko (AGK) 2,160.00p +1.89%
Fresnillo (FRES) 1,978.00p +1.64%
Glencore International (GLEN) 331.40p +1.47%
Wolseley (WOS) 2,742.00p +1.44%

FTSE 100 - Fallers
ARM Holdings (ARM) 725.00p -2.95%
Barclays (BARC) 245.20p -1.82%
Imperial Tobacco Group (IMT) 2,419.00p -1.67%
Meggitt (MGGT) 375.00p -1.52%
Anglo American (AAL) 1,688.50p -1.29%
Sainsbury (J) (SBRY) 331.90p -1.10%
RSA Insurance Group (RSA) 111.00p -1.07%
British American Tobacco (BATS) 3,189.00p -0.82%
Old Mutual (OML) 169.60p -0.82%
HSBC Holdings (HSBA) 613.90p -0.71%

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Related share prices
Barclays (BARC) share price
British American Tobacco (BATS) share price
HSBC Holdings (HSBA) share price
Imperial Tobacco Group (IMT) share price
Burberry Group (BRBY) share price
Xstrata (XTA) share price
International Consolidated Airlines Group SA (CDI) (IAG) share price