FTSE 100 movers: Anglo American declines on JV

The market was not too impressed with Anglo American's UK cement and aggregates joint venture with Lafarge. Anglo American will put its Tarmac business into the 50/50 joint venture. The businesses have combined revenues of £1.8bn and there could be cost savings of £60m a year. In 2010, Anglo American generated an operating profit of $9.1bn from its core operations. BHP Billiton is lower after it was reported that the miner wants to set coking coal prices for Japanese steelmakers on a monthly, rather than quarterly, basis. They were previously set once a year. Steelmakers are against the change because it will make their costs more volatile. Coking coal prices are at an all time high following the Queensland floods. B&Q owner Kingfisher has risen on further consideration of yesterday's figures. Satellite operator Inmarsat has awarded iDirect a $60m contract as part of the ground network infrastructure for the Global Xpress broadband operation. FTSE 100 - Risers African Barrick Gold (ABG) 571.00p +3.72%Scottish & Southern Energy (SSE) 1,219.00p +1.92%Imperial Tobacco Group (IMT) 1,960.00p +1.82%Hammerson (HMSO) 449.00p +1.81%Kingfisher (KGF) 260.90p +1.72%Severn Trent (SVT) 1,471.00p +1.17%Inmarsat (ISAT) 691.50p +1.17%TUI Travel (TT.) 249.80p +1.17%Land Securities Group (LAND) 743.00p +1.02%British Land Co (BLND) 568.00p +0.98%FTSE 100 - Fallers Petrofac Ltd. (PFC) 1,466.00p -3.11%Rio Tinto (RIO) 4,395.50p -2.29%Anglo American (AAL) 3,221.00p -2.26%Barclays (BARC) 326.30p -2.17%BHP Billiton (BLT) 2,399.00p -1.86%ARM Holdings (ARM) 619.50p -1.67%Resolution Ltd. (RSL) 289.60p -1.66%BG Group (BG.) 1,474.00p -1.54%Standard Chartered (STAN) 1,670.00p -1.47%Sage Group (SGE) 288.50p -1.43%