FTSE 100 movers: Airlines up after Morgan Stanley review, only RSA drops

LONDON (ShareCast) - (ShareCast News) - It (Other OTC: ITGL - news) has been a positive day for the FTSE100, regaining 129.31 points (2.18%) on Wednesday to 6,065.15 after Tuesday's massive falls. International Consolidated Airlines Group was the biggest riser, up 4.85% after Morgan Stanley (Xetra: 885836 - news) said the company "moves to our top 'overweight' pick in the sector" and raised the target price to 1000p from 915p.

Easyjet (Other OTC: EJTTF - news) also took off, up 3.47% after Morgan Stanley retained its 'overweight' rating, and raised its target price up to 1,980p from 1,910p.

Glencore (Xetra: A1JAGV - news) also moved up 4.47% to 111.10p after Tuesday's selloff, thanks to Investec (LSE: INVP.L - news) which recommended traders to hold instead of sell.

The only faller was RSA Insurance (LSE: RSA.L - news) , but it was only a minor dip following a turbulent week for the company.

On Monday the stock tumbled on the back of news that Zurich had terminated discussions over a possible £5.6bn offer.

On Tuesday, RSA rallied again as it confirmed Scott Egan will be the group's new chief financial officer and newspaper tipsters thought it was time to buy, saying it will recover or get another bid - a view not shared by Deutsche Bank (Other OTC: DBAGF - news) .

FTSE 100 - Risers International Consolidated Airlines Group SA (CDI) (IAG) 594.50p +4.85% Glencore (Amsterdam: GX8.AS - news) (GLEN) 111.10p +4.47% Coca-Cola HBC AG (CDI) (CCH) 1,392.00p +3.96% Old Mutual (Other OTC: ODMTY - news) (OML) 192.70p +3.55% easyJet (EZJ) 1,759.00p +3.47% Anglo American (LSE: AAL.L - news) (AAL) 667.20p +2.95% Royal Dutch Shell (Xetra: R6C1.DE - news) 'B' (RDSB) 1,589.50p +2.95% Johnson Matthey (LSE: JMAT.L - news) (JMAT) 2,383.00p +2.80% Rio Tinto (LSE: RIO.L - news) (RIO) 2,254.50p +2.76% Carnival (CCL) 3,425.00p +2.76% FTSE 100 - Fallers RSA Insurance Group (RSA) 403.80p -0.59%