FTSE 100 movers: Investors approve Walsh's act of contrition

16.05.2008

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British Airways is flying high after its profits jumped to £883m (2007: £611m) in the year to March even though its fuel bill topped £2bn, but it is very cautious on the current year. "

The first quarter will be particularly difficult," it said adding it is reviewing costs across its whole network. Embattled chief executive Willie Walsh put the hair shirt on despite the record profits and declined his £700,000 annual bonus because of the T5 fiasco.

London Stock Exchange shot to the top of the FTSE 100 leaderbaord on hopes of a bid from Nasdaq or the New York Stock Exchange following a slump in the exchange's share price.

British Energy is well up on receipt of a range of proposals from several parties and the nuclear power generator said it is continuing discussions with all of them. "The company has received a range of proposals from several parties wishing to make a full offer for the company including the Nuclear Liabilities Fund's convertible cash sweep interest," it said.

FTSE 100 - Risers

London Stock Exchange Group (LSE) 1,173.00p +7.81%

British Energy Group (BGY) 724.00p +6.47%

British Airways (BAY) 238.00p +6.25%

Next (NXT) 1,298.00p +4.76%

ICAP (IAP) 661.00p +4.09%

Thomas Cook Group (TCG) 264.00p +3.23%