LONDON (ShareCast) - Lower commodity prices dragged Footsie lower despite sparking gains among fuel-consuming stocks.

Miners Kazakhmys, Eurasian Natural Resources, Anglo American, Xstrata, Vedanta and Antofagasta lost value as metals prices slipped.

Tullow Oil tracked the oil price lower, but British Airways and the cruise operator Carnival advanced for the same reason.

InterContinental Hotels Group was hit by a downgrade from Morgan Stanley. The US investment bank prefers other stocks in the hospitality sector, and has reduced its rating on the Holiday Inn owner to ‘underweight’ from ‘equal-weight’.

On the upside, retailers were cheered by an upbeat trading statement from department store group and Waitrose owner John Lewis Group. Next Group and Marks & Spencer were the pick of the sector, while electricals retailer Kesa performed well among the second-liners.

The dollar’s rise against sterling prompted JP Morgan to raise its target price on medical devices group Smith and Nephew to 610p from 585p.

UBS has lowered its rating on Logica to ‘sell’ from ‘neutral’, saying Thursday’s results showed stagnant margins at the software group.

Recruitment group Michael Page has broken off talks with potential bidder Adecco saying its offer of about 400p per share "materially undervalued" the group. It added the proposed transaction structure was unattractive for shareholders as they would become minority shareholders in a company controlled by Adecco.

Music group Chrysalis has warned of a loss in the 13 months to September similar to the first seven months of the period. It blamed a relatively quiet period for new releases in the last three months of the year and the challenging macroeconomic environment and its impact on both physical sales and synchronisation revenues. Net publishing revenue for the 13 month period to 30 September will be lower than for the same period in 2007.

Wood treatment group Accsys Technologies reports a good start to the new financial year, with continuing strong momentum despite the general economic climate. The company's first licensee, Diamond Wood China Limited has further extended their commitment to the manufacture of Accoya wood, it added.

Turbo Power Systems has had to amend the terms of a loan note so that the designer and manufacturer of power solutions can draw down a further £1.5m and keep the business going.

Gene therapy company Oxford Biomedica has rejected an indicative approach from tiny US firm GeneThera as “not credible”.

Online travel agent Travelzest confirmed that it is in the early stages of discussions over a potential cash offer for the company at a price of 115p per share.

FTSE 100 - Risers
Wolseley (WOS) 438.75p +6.82%
Ferrexpo (FXPO) 245.00p +4.26%
FirstGroup (FGP) 581.50p +4.21%
Marks & Spencer Group (MKS) 276.00p +3.86%
Carnival (CCL) 1,985.00p +3.55%
Enterprise Inns (ETI) 350.00p +3.32%
Whitbread (WTB) 1,183.00p +2.96%
British Airways (BAY) 261.00p +2.86%
Next (NXT) 1,037.00p +2.78%
Rolls-Royce Group (RR.) 398.25p +2.77%

FTSE 100 - Fallers
Kazakhmys (KAZ) 1,173.00p -7.05%
Eurasian Natural Resources (ENRC) 969.00p -6.47%
Anglo American (AAL) 2,735.00p -6.43%
Xstrata (XTA) 2,878.00p -5.64%
Antofagasta (ANTO) 535.00p -5.06%
Vedanta Resources (VED) 1,722.00p -4.65%
Tullow Oil (TLW) 677.00p -4.38%
Rio Tinto (RIO) 4,605.00p -4.06%
BHP Billiton (BLT) 1,529.00p -3.35%
InterContinental Hotels Group (IHG) 725.50p -2.62%

FTSE 250 - Risers
Bovis Homes Group (BVS) 451.75p +8.40%
Autonomy Corporation (AU.) 1,143.00p +8.03%
Johnston Press (JPR) 58.00p +7.41%
Southern Cross Healthcare Group (SCHE) 128.25p +6.21%
Daily Mail and General Trust (DMGT) 389.50p +5.56%
Big Yellow Group (BYG) 342.00p +5.47%
BSS Group (BTSM) 295.00p +5.36%
Hikma Pharmaceuticals (HIK) 407.50p +5.30%
Barratt Developments (BDEV) 131.25p +5.21%
Taylor Wimpey (TW.) 50.50p +5.21%

FTSE 250 - Fallers
Aquarius Platinum (AQP) 453.75p -6.83%
Michael Page International (MPI) 317.50p -5.22%
Aricom (ORE) 42.25p -5.06%
Randgold Resources (RRS) 2,358.00p -4.84%
Misys (MSY) 164.75p -4.22%
Trinity Mirror (TNI) 102.25p -3.76%
JKX Oil & Gas (JKX) 377.75p -3.70%
Helical Bar (HLCL) 326.25p -3.62%
Chloride Group (CHLD) 242.25p -3.10%
Signet Group (SIG) 63.00p -3.08%

FTSE TechMARK - Risers
Oxford Biomedica (OXB) 10.25p +18.50%
Elan Corporation (ELA) € 8.95 +17.39%
Alizyme (AZM) 8.15p +14.79%
Emblaze (BLZ) 29.50p +9.26%
Protherics (PTI) 58.00p +5.45%
Indigo Vision (IND) 402.50p +4.55%
Psion (PON) 93.50p +3.89%
SDL International (SDL) 377.00p +3.86%
Plasmon (PLM) 1.19p +3.48%
Sepura (SEPU) 68.25p +3.41%

FTSE TechMARK - Fallers
Intec Telecom (ITL) 41.00p -5.75%
Biocompatibles International (BII) 168.75p -5.20%
Turbo Power Systems (TPS) 2.75p -4.35%
Alphameric (ALM) 24.00p -3.03%
Inion (IIN) 8.25p -2.94%
Anite Group (AIE) 37.00p -2.63%
Sinclair Pharma (SPH) 59.00p -2.48%
Antisoma (ASM) 25.00p -1.96%
Gresham Computing (GHT) 79.50p -1.85%
Phytopharm (PYM) 16.50p -1.49%

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