FTSE 100 movers: Next proves popular

LONDON (ShareCast) - High street (BSE: HIGHSTREE.BO - news) retailer Next (Xetra: 779551 - news) was in the top spot, helped by AlphaValue which upgraded the stock from add to buy and lifted the price target from 3,467.6p to 3,481.1p. Following suit, Imperial Tobacco (LSE: IMT.L - news) was in demand after Citi reiterated its buy rating on the cigarette-making giant. Meanwhile a downgrade was weighing on the share price of hotels group InterContinental after UBS (NYSEArca: DJCI - news) cut its rating from neutral to sell. Oil giant BP dropped after failing to get the US courts to rule wholly in the UK firm's favour regarding the scope of its indemnity obligations to Transocean (NYSE: RIG - news) , the owner of the Deepwater Horizon rig which exploded in April 2010, claiming the lives of 11 people and causing the largest offshore oil spill in US history. The court did rule, however, that BP does not owe Transocean indemnity to the extent Transocean is held liable for punitive damages or civil penalties relating to the US Clean Water Act. Polymetal International dipped after Russia and Kazakhstan-focused gold producer Polyus Gold (MCX: PLZL.ME - news) quashed rumours that it is considering a merger between the two. Mining (Euronext: SMI.NX - news) giant Kazakhmys (Other OTC: KZMYF.PK - news) also fell after Credit Suisse (NYSEArca: CSMA - news) said that is not convinced by the stock's apparently cheap valuation. The broker also said that given its long-dated volume growth (from 2015 onwards) and cost pressures, earnings and cash flow growth is expected to be negative over the next three years. FTSE 100 (Euronext: VFTSE.NX - news) - Risers Next (NXT (Other OTC: NXXTF.PK - news) ) 2,646.00p +2.00% Imperial Tobacco Group (Dusseldorf: 517719.DU - news) (IMT) 2,287.00p +1.51% Carnival (EUREX: CCLF.EX - news) (CCL) 1,915.00p +0.74% British Sky Broadcasting Group (BSY) 676.50p +0.74% ICAP (LSE: IAP.L - news) (IAP) 342.10p +0.44% International Power (EUREX: IPRF.EX - news) (IPR) 330.50p +0.39% Randgold Resources Ltd. (RRS) 7,190.00p +0.28% Fresnillo (Frankfurt: A0MVZE - news) (FRES) 1,822.00p +0.28% Pearson (EUREX: PSOF.EX - news) (PSON) 1,180.00p +0.25% Centrica (LSE: CNA.L - news) (CNA) 292.60p +0.24% FTSE 100 - Fallers Kazakhmys (Munich: A0HFWR - news) (KAZ) 1,157.00p -3.10% InterContinental Hotels Group (IHG) 1,318.00p -2.87% Antofagasta (Xetra: 867578 - news) (ANTO) 1,351.00p -2.81% CRH (CRH (Irish: CRG.IR - news) ) 1,269.00p -2.76% BP (BP.) 463.75p -2.73% GKN (Xetra: 694194 - news) (GKN (LSE: GKN.L - news) ) 209.00p -2.61% Polymetal International (POLY) 1,125.00p -2.34% Intertek Group (Other OTC: IKTSF.PK - news) (ITRK) 2,099.00p -2.33% BT Group (LSE: BT-A.L - news) (BT.A) 203.10p -2.26% Sage Group (Other OTC: SGGEF.PK - news) (SGE) 295.00p -2.06% NR