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FTSE 100 movers: Banks lead market lower

Thu, 17th Dec 2009 15:48

Banks fell after the US Federal Reserve pointed out that it will end its special liquidity measures early next year. Lloyds Banking Group and Barclays are the biggest fallers. Mining companies were also much lower because the strength of the dollar has hit commodity prices. Xstrata and Antofagasta were the two miners worst hit. Home Retail and Kingfisher reacted badly to news that retail sales fell unexpectedly in November. The volume of sales in UK shops fell 0.3% from the previous month against expectations of a rise. Figures from the Office of National Statistics (ONS) show that, in value terms, sales fell by 0.2%. The ONS said the decline was largely due to lower department store sales and weak clothing demand.Support services provider Rentokil Initial is the biggest riser for the second, following yesterday's announcement by Deutsche Bank that it had increased its price target for the company. Security services provider G4S is also benefitting from a positive broker note yesterday. Evolution increased its target price from 230p to 252p a share yet G4S is already above that price. FTSE 100 - RisersRentokil Initial (RTO) 107.00p +1.90%Invensys (ISYS) 284.10p +1.00%Experian Group (EXPN) 627.50p +0.72%G4S (GFS) 259.60p +0.70%Resolution (RSL) 82.95p +0.55%Cadbury (CBRY) 791.00p +0.32%Reed Elsevier (REL) 490.80p +0.14%Amec (AMEC) 774.50p -0.06%Admiral Group (ADM) 1,126.00p -0.09%Schroders (SDR) 1,246.00p -0.16%FTSE 100 - FallersLloyds Banking Group (LLOY) 52.00p -6.44%Barclays (BARC) 276.60p -5.27%Xstrata (XTA) 1,032.00p -5.06%Home Retail Group (HOME) 282.70p -4.49%Antofagasta (ANTO) 906.00p -3.97%Compass Group (CPG) 447.00p -3.87%Kingfisher (KGF) 224.60p -3.65%Legal & General Group (LGEN) 77.40p -3.55%Eurasian Natural Resources (ENRC) 878.50p -3.25%Lonmin (LMI) 1,800.00p -3.23%

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