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FTSE 100 movers: Gold price pushes Fresnillo and Randgold higher

Fri, 14th Mar 2014 14:52

A jump in the price of gold to a six-month high helped push Fresnillo and Randgold into positive territory today. The climb was being driven by events in Ukraine, as tension mount over its between the troubled country and neighbouring Russia. IMI also gained after Societe Generale increased its target price from 1,530p to 1,690p, whilst upgrading the stock to 'buy'.Supermarket chains J Sainsbury and Tesco were bouncing back from Thursday's losses which came after disappointing profit guidance and a shake-up at sector peer WM Morrison, which reignited concerns about the rising threat from discount grocery chains. Marks & Spencer, which has a large food offering, was also reclaiming some of yesterday's losses. Meanwhile, BT Group was the afternoon's big faller. There were reports out yesterday that the group has moved one step closer to a major deal with BSkyB relating to the television rights over European rugby after the two companies signed incompatible agreements. Barclays fell after Nomura reduced its target price from 305p to 285p, while Investec lowered its own from 305p to 295p. IAG was in the red following the news it had agreed a pay deal with ground staff at its Spanish arm, Iberia, whereby pay will be cut by 7% and frozen until 2015. FTSE 100 - RisersFresnillo (FRES) 926.00p +2.95%IMI (IMI) 1,451.00p +2.40%Sainsbury (J) (SBRY) 310.10p +1.71%Tesco (TSCO) 303.65p +1.64%Randgold Resources Ltd. (RRS) 5,035.00p +1.57%Rolls-Royce Holdings (RR.) 1,021.00p +1.09%Experian (EXPN) 1,043.00p +1.07%Anglo American (AAL) 1,426.00p +1.03%Meggitt (MGGT) 452.30p +1.03%Marks & Spencer Group (MKS) 463.40p +1.00%FTSE 100 - FallersBT Group (BT.A) 384.00p -3.49%Aberdeen Asset Management (ADN) 365.60p -2.95%International Consolidated Airlines Group SA (CDI) (IAG) 421.80p -2.56%easyJet (EZJ) 1,601.00p -2.02%Prudential (PRU) 1,348.00p -1.89%Burberry Group (BRBY) 1,401.00p -1.89%Barclays (BARC) 231.20p -1.89%Hargreaves Lansdown (HL.) 1,292.00p -1.82%William Hill (WMH) 373.60p -1.66%Royal Bank of Scotland Group (RBS) 295.70p -1.63%NR

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