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FTSE 100 Movers: Barclays and RBS take a knock

Fri, 02nd Sep 2011 12:48

Barclays' share price was heading south despite an upgrade from 'neutral' to 'buy' from stock broker UBS. The broker highlighted "substantial potential value in Barclays if the proposals from the ICB [Independent Commission on Banking] did not precipitate a sharp near-term funding cost as a result of the introduction of ring fencing proposals." RBS also suffered a drop following a boost on Thursday on the back of a report in the Financial Times which said lenders in the UK will avoid any major restructuring before 2015's general election. Randgold Resources was the top performer, benefitting from investor worries over the market and providing the usual safe harbour during times of economic instability. FTSE 100 - RisersRandgold Resources Ltd. (RRS) 6,490.00p +1.49%Serco Group (SRP) 517.50p +1.07%Inmarsat (ISAT) 484.70p +0.85%Compass Group (CPG) 556.50p +0.82%British American Tobacco (BATS) 2,797.50p +0.72%Imperial Tobacco Group (IMT) 2,103.00p +0.67%Fresnillo (FRES) 2,034.00p +0.59%Reckitt Benckiser Group (RB.) 3,305.00p +0.18%National Grid (NG.) 624.00p +0.16%Sage Group (SGE) 255.50p +0.04%FTSE 100 - FallersBarclays (BARC) 171.65p -4.82%Weir Group (WEIR) 1,882.00p -4.27%3i Group (III) 203.20p -4.11%Lloyds Banking Group (LLOY) 34.22p -4.07%BP (BP.) 374.85p -3.51%International Consolidated Airlines Group SA (IAG) 170.30p -3.24%GKN (GKN) 194.20p -3.24%IMI (IMI) 866.50p -3.18%Legal & General Group (LGEN) 101.90p -3.14%Aviva (AV.) 329.50p -3.06%NR

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