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FTSE 100 Movers: Eurozone agreement buoys market

Thu, 27th Oct 2011 16:06

Kazakhstan-based copper miner Kazakhmys was rising after reporting that it should meet all output targets for the full year, despite falling production and grades across all its metal groups in the third quarter. The group, which also has interests in gold, zinc, silver and power generation, said that copper ore production reached 25,003kt in the first nine months of the year, slightly ahead of the 24,806kt seen in the same period of 2010. Nevertheless, output in the third quarter was 2% below that in the second. Eurozone agreements announced last night and this morning sent both banks and miners heading higher, with Barclays leading the way, closely followed by Vedanta Resources and RBS. Glaxo Smith Kline was heading lower after credit Suisse kept its neutral rating on the stock, although RBS said its positive trend is set to continue. FTSE 100 - RisersBarclays (BARC) 206.75p +15.76%Vedanta Resources (VED) 1,390.00p +10.58%Royal Bank of Scotland Group (RBS) 27.37p +10.45%Xstrata (XTA) 1,103.00p +9.97%International Consolidated Airlines Group SA (IAG) 179.90p +8.18%Standard Chartered (STAN) 1,516.50p +8.17%Aviva (AV.) 372.30p +7.91%Kazakhmys (KAZ) 1,001.00p +7.75%IMI (IMI) 863.50p +7.53%Lloyds Banking Group (LLOY) 36.80p +7.45%FTSE 100 - FallersNational Grid (NG.) 625.50p -2.27%United Utilities Group (UU.) 606.50p -1.78%Shire Plc (SHP) 1,984.00p -1.05%Reckitt Benckiser Group (RB.) 3,231.00p -0.89%SSE (SSE) 1,339.00p -0.81%GlaxoSmithKline (GSK) 1,383.50p -0.68%British Sky Broadcasting Group (BSY) 729.00p -0.55%Vodafone Group (VOD) 176.20p -0.28%Imperial Tobacco Group (IMT) 2,274.00p -0.26%Marks & Spencer Group (MKS) 328.20p -0.24%NR

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