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FTSE 100 movers: Banks propel index higher

Mon, 10th May 2010 14:48

Footsie is rising on the back of a strong recovery in banks and financials following the €720bn deal to prop up the euro agreed by EU ministers at the weekend. Barclays, Royal Bank of Scotland and Lloyds are the top three performers. Asia-focused bank Standard Chartered is also rising. Vedanta Resources is ahead on the purchase of Anglo American's zinc assets for $1.34bn.Setbacks in the Gulf of Mexico have hit the BP share price, which makes the oil giant the only faller in the index. The oil leakage has already cost BP $350m and there is much more cost to come. The failure of the large containment dome placed over the leak means that BP has to think again. There are worries that winds could push oil ashore in the Mississippi Delta.FTSE 100 - RisersBarclays (BARC) 324.55p +14.40%Royal Bank of Scotland Group (RBS) 51.15p +12.42%Lloyds Banking Group (LLOY) 60.16p +12.39%Aviva (AV.) 336.40p +10.88%Vedanta Resources (VED) 2,561.00p +10.58%Kazakhmys (KAZ) 1,316.00p +9.94%Standard Chartered (STAN) 1,725.00p +9.73%Cable & Wireless Worldwide (CW.) 81.65p +8.87%Legal & General Group (LGEN) 82.30p +8.86%Man Group (EMG) 228.00p +8.52%FTSE 100 - FallersBP (BP.) 542.40p -2.08%

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