Stock Market News
FTSE 100 movers: Banks top risers after FSA decision
10-10-2012 15:22
| Add To Google +1 | Tweet |
Banking peers Lloyds and RBS were leading the risers today after the Financial Times reported that the FSA has eased capital and liquidity rules in an attempt to boost lending.
Meanwhile, according to reports this morning, RBS has agreed to sell two buildings in Frankfurt and Berlin to Axa Investment Management for $1bn. Sector peer Barclays was also making gains.
Anglo American was also on the rise, boosted by the decision of analysts at Sandford C. Berstein to reiterate its "outperform" rating on the stock.
Mining stocks in London are among the worst performers, with Fresnillo, Vedanta, Polymetal and Randgold all registering losses.
Randgold is being weighed down by Nomura which reiterated its 'reduce' rating on the shares today. While the broker said that gold equities have the potential for further outperformance, it said that Randgold is 'fully priced (for now)'. The mining sector has also been dampened by Alcoa's results last night; the aluminium giant cut its forecasts for global aluminium demand growth this year from 7% to 6%.
Outsourcing group Capita fell after both RBC Capital Markets and Panmure Gordon downgraded their ratings for the stock. Panmure said that Capita's premium rating "is at odds with concerns over the quality of future earnings, above average financial leverage and on-going reliance on M&A".
Engineering group IMI was also a big faller, not helped by a profit warning from US outfit Cummins, which is also weighing on the likes of Aggreko.
Defence giant BAE Systems was down after it officially announced the merger between it and aerospace firm EADS is off.
"Discussions with the relevant governments had not reached a point where both companies could fully disclose the benefits and detailed business case for this merger," the firm said.
FTSE 100 - Risers
Lloyds Banking Group (LLOY) 38.59p +4.27%
Royal Bank of Scotland Group (RBS) 262.60p +2.06%
Anglo American (AAL) 1,833.50p +1.10%
Tate & Lyle (TATE) 690.50p +1.10%
Next (NXT) 3,604.00p +0.92%
RSA Insurance Group (RSA) 113.40p +0.89%
Hargreaves Lansdown (HL.) 679.50p +0.67%
G4S (GFS) 265.30p +0.57%
SSE (SSE) 1,426.00p +0.42%
Johnson Matthey (JMAT) 2,281.00p +0.40%
FTSE 100 - Fallers
Fresnillo (FRES) 1,893.00p -4.05%
IMI (IMI) 917.50p -2.76%
Vedanta Resources (VED) 1,060.00p -2.75%
Smith & Nephew (SN.) 655.50p -2.53%
Polymetal International (POLY) 1,129.00p -2.34%
Randgold Resources Ltd. (RRS) 7,570.00p -2.32%
Croda International (CRDA) 2,231.00p -1.85%
ARM Holdings (ARM) 584.50p -1.85%
Petrofac Ltd. (PFC) 1,564.00p -1.82%
Whitbread (WTB) 2,341.00p -1.80%
NR
Meanwhile, according to reports this morning, RBS has agreed to sell two buildings in Frankfurt and Berlin to Axa Investment Management for $1bn. Sector peer Barclays was also making gains.
Anglo American was also on the rise, boosted by the decision of analysts at Sandford C. Berstein to reiterate its "outperform" rating on the stock.
Mining stocks in London are among the worst performers, with Fresnillo, Vedanta, Polymetal and Randgold all registering losses.
Randgold is being weighed down by Nomura which reiterated its 'reduce' rating on the shares today. While the broker said that gold equities have the potential for further outperformance, it said that Randgold is 'fully priced (for now)'. The mining sector has also been dampened by Alcoa's results last night; the aluminium giant cut its forecasts for global aluminium demand growth this year from 7% to 6%.
Outsourcing group Capita fell after both RBC Capital Markets and Panmure Gordon downgraded their ratings for the stock. Panmure said that Capita's premium rating "is at odds with concerns over the quality of future earnings, above average financial leverage and on-going reliance on M&A".
Engineering group IMI was also a big faller, not helped by a profit warning from US outfit Cummins, which is also weighing on the likes of Aggreko.
Defence giant BAE Systems was down after it officially announced the merger between it and aerospace firm EADS is off.
"Discussions with the relevant governments had not reached a point where both companies could fully disclose the benefits and detailed business case for this merger," the firm said.
FTSE 100 - Risers
Lloyds Banking Group (LLOY) 38.59p +4.27%
Royal Bank of Scotland Group (RBS) 262.60p +2.06%
Anglo American (AAL) 1,833.50p +1.10%
Tate & Lyle (TATE) 690.50p +1.10%
Next (NXT) 3,604.00p +0.92%
RSA Insurance Group (RSA) 113.40p +0.89%
Hargreaves Lansdown (HL.) 679.50p +0.67%
G4S (GFS) 265.30p +0.57%
SSE (SSE) 1,426.00p +0.42%
Johnson Matthey (JMAT) 2,281.00p +0.40%
FTSE 100 - Fallers
Fresnillo (FRES) 1,893.00p -4.05%
IMI (IMI) 917.50p -2.76%
Vedanta Resources (VED) 1,060.00p -2.75%
Smith & Nephew (SN.) 655.50p -2.53%
Polymetal International (POLY) 1,129.00p -2.34%
Randgold Resources Ltd. (RRS) 7,570.00p -2.32%
Croda International (CRDA) 2,231.00p -1.85%
ARM Holdings (ARM) 584.50p -1.85%
Petrofac Ltd. (PFC) 1,564.00p -1.82%
Whitbread (WTB) 2,341.00p -1.80%
NR
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price


Prices

