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BRANDS:

'We sold £1.5m of product sold in first week'

Lyma founder on rise of her wellness company

FTSE 100 movers: Shire surges on earnings growth, RBS hit by weak revenues

Sharecast

LONDON (ShareCast) - Shire (Xetra: S7E.DE - news) surged after reporting that earnings rose 20% in the first quarter as sales at the Dublin-headquartered drug company overcame a sharp drop in its Intuniv attention deficit disorder drug and dollar headwinds. Royal Dutch Shell (Xetra: R6C1.DE - news) was trading higher after revealing a better-than-expected 56% drop in first-quarter earnings to $3.25bn. Shell (LSE: RDSB.L - news) also shaved its capital investment budget for 2015 by $2bn to "$33bn or less".

Tesco (Xetra: 852647 - news) and Sainsbury were boosted after UBS (NYSEArca: FBGX - news) declared in initiation of the European food retail sector and issued 'buy' ratings on both stocks, while Morrison was in the red on a 'sell' rating'. "Given our positive stance on the UK, we like Tesco and Sainsbury's, but we think Morrison needs to invest more than consensus models," UBS said.

Royal Bank of Scotland (LSE: RBS.L - news) registered losses after revealing that revenues weakened in the first quarter, due to £856m in litigation and conduct charges, which were significantly underestimated. Instead of the £306m in statutory profits expected by analysts, the lender registered a loss of £446m.

Airline conglomerate IAG dipped despite making its first-ever profit in the first quarter. The company beat expectations with an operating profit of €25m, compared with a €150m loss the year before.

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A number of stocks were trading lower after going ex-dividend, including Centrica , Fresnillo , ITV , and Reed Elsevier (LSE: REL.L - news) .

Risers Royal Mail (LSE: RMG.L - news) (RMG) 467.10p +5.16% Shire Plc (SHP) 5,440.00p +2.84% Sports Direct International (LSE: SPD.L - news) (SPD) 621.50p +2.81% Associated British Foods (LSE: ABF.L - news) (ABF) 2,855.00p +2.29% Taylor Wimpey (LSE: TW.L - news) (TW.) 166.60p +1.65% Aberdeen Asset Management (Other OTC: ABDNF - news) (ADN) 472.80p +1.44% Weir Group (WEIR) 1,862.00p +1.42% Barratt Developments (LSE: BDEV.L - news) (BDEV) 519.00p +1.37% Aggreko (EUREX: AGKF.EX - news) (AGK) 1,652.00p +1.35% Capita (CPI (Other OTC: CPICQ - news) ) 1,134.00p +1.34% Fallers Centrica (CNA) 255.40p -4.56% Anglo American (LSE: AAL.L - news) (AAL) 1,088.00p -4.44% ITV (ITV (LSE: ITV.L - news) ) 251.80p -4.44% Royal Bank of Scotland Group (RBS) 337.20p -3.52% International Consolidated Airlines Group SA (CDI) (IAG) 542.50p -2.95% Fresnillo (FRES) 719.00p -2.71% Randgold Resources Ltd. (RRS) 4,975.00p -2.36% Morrison (Wm) Supermarkets (MRW) 186.20p -2.31% Meggitt (MGGT) 525.50p -1.78% Rio Tinto (Xetra: 855018 - news) (RIO) 2,864.50p -1.75%