FTSE 100 movers: Banks and miners lower

Banks were lower on the day because of concerns about the Irish banking system and Lloyds led the way down. However, the banks did rally later in the day so their declines were more modest than in the morning. Miners also pared back some of their earlier falls due to lower commodity prices. Kazakhmys was the main faller in the sector. Confirmation of the suspension of the marketing of Avandia in the EU came just after the market closed but GlaxoSmithKline was already lower ahead of the announcement. The FDA in the US has decided that Avandia will have to have additional safety labelling but it can continue to be sold. A positive sector note boosted oil services provider Petrofac and Amec. FTSE 100 - RisersPetrofac Ltd. (PFC) 1,393.00p +1.75%BG Group (BG.) 1,135.50p +1.70%Schroders (SDR) 1,396.00p +1.68%Amec (AMEC) 970.50p +1.52%Sage Group (SGE) 255.80p +1.31%BAE Systems (BA.) 336.50p +1.11%Compass Group (CPG) 540.50p +1.03%Randgold Resources (RRS) 6,555.00p +1.00%ARM Holdings (ARM) 390.20p +0.91%Reckitt Benckiser Group (RB.) 3,488.00p +0.87%FTSE 100 - FallersKingfisher (KGF) 224.30p -2.18%Essar Energy (ESSR) 435.90p -1.85%Resolution (RSL) 229.70p -1.84%Weir Group (WEIR) 1,370.00p -1.79%Aggreko (AGK) 1,545.00p -1.53%GlaxoSmithKline (GSK) 1,254.50p -1.38%Cobham (COB) 232.00p -1.36%Lloyds Banking Group (LLOY) 74.95p -1.19%Kazakhmys (KAZ) 1,424.00p -1.18%Bunzl (BNZL) 756.50p -1.18%