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FTSE 100 movers: Gold price fall pushes miners lower

Wed, 27th Oct 2010 14:14

Miners are leading the Footsie lower. Gold is falling in price because of fears that the US Federal Reserve's much anticipated monetary easing programme will be less substantial than expected. That is also pushing the dollar higher. Kazakhmys, Xstrata and Vedanta Resources are the biggest fallers. Whitbread has gone ex-dividend today but the 11.25p a share interim divided would be equivalent to a fall of less than 0.7%. Banks are recovering after yesterday's falls following UBS's investment bank losses. Lloyds is the best performer. Utilities are also stronger with United Utilities nearly 1% ahead on the day. FTSE 100 - RisersLloyds Banking Group (LLOY) 68.85p +1.26%Schroders (Non-Voting) (SDRC) 1,230.00p +1.15%Barclays (BARC) 280.50p +1.14%Hammerson (HMSO) 417.40p +0.94%United Utilities Group (UU.) 604.00p +0.92%Schroders (SDR) 1,520.00p +0.86%Royal Bank of Scotland Group (RBS) 45.12p +0.76%Land Securities Group (LAND) 681.50p +0.59%Reckitt Benckiser Group (RB.) 3,456.00p +0.58%Petrofac Ltd. (PFC) 1,469.00p +0.55%FTSE 100 - FallersKazakhmys (KAZ) 1,332.00p -4.24%Xstrata (XTA) 1,274.00p -3.08%Vedanta Resources (VED) 2,104.00p -3.00%Invensys (ISYS) 301.70p -2.96%Whitbread (WTB) 1,678.00p -2.95%Lonmin (LMI) 1,753.00p -2.61%Eurasian Natural Resources Corp. (ENRC) 883.50p -2.48%Rio Tinto (RIO) 4,057.50p -2.44%Cobham (COB) 233.70p -2.38%Kingfisher (KGF) 239.80p -2.32%

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