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FTSE 100 movers: Banks take a beating

Fri, 26th Nov 2010 13:28

Banks continue to decline because of worries about the euro-debt crisis with Lloyds and RBS leading the way.Rio Tinto says that capital spending will probably be around US$13bn in the 18 months to December 2011. That didn't prevent the share price declining along with other miners. Centrica, which owns British Gas, has fallen on news that Ofgem has launched a new investigation into energy suppliers after fresh data revealed a sharp increase in profit margins for the 'big six' suppliers.BT is higher after announcing that it is selling 5.5% of Indian IT Group Tech Mahindra to Mahindra & Mahindra. BT will still retain 24.4% of the IT company. The telecoms firm also benefited from an upbeat broker note from Exane BNP Paribas, which lifted its share price target for BT by 20% to 265p.Capital Shopping Centres continues to rise on hopes that US shopping malls owner Simon Property will bid. FTSE 100 - RisersBT Group (BT.A) 172.90p +3.59%ICAP (IAP) 475.20p +1.56%Autonomy Corporation (AU.) 1,302.00p +0.85%Weir Group (WEIR) 1,717.00p +0.59%Serco Group (SRP) 562.00p +0.54%Capital Shopping Centres Group (CSCG) 383.00p +0.52%Marks & Spencer Group (MKS) 385.90p +0.47%Imperial Tobacco Group (IMT) 1,940.00p +0.36%Schroders (SDR) 1,673.00p +0.30%GlaxoSmithKline (GSK) 1,246.50p +0.28%FTSE 100 - FallersLloyds Banking Group (LLOY) 61.52p -4.91%Royal Bank of Scotland Group (RBS) 38.90p -4.80%Antofagasta (ANTO) 1,316.00p -4.43%Vedanta Resources (VED) 2,059.00p -3.92%Aviva (AV.) 366.00p -3.51%Barclays (BARC) 259.10p -3.45%Standard Chartered (STAN) 1,732.00p -3.38%Centrica (CNA) 313.70p -3.27%Rio Tinto (RIO) 4,147.50p -2.86%Fresnillo (FRES) 1,427.00p -2.86%

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