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FTSE 100 movers: Lloyds leads bank revival

Thu, 10th Dec 2009 11:05

London's blue chips have reacted calmly to yesterday's pre-Budget news, with banks the best performers despite the imposition of a bonus tax on their highest paid staff.Lloyds, Barclays and Royal Bank of Scotland are three of the top four performers, possibly on relief that the bonus tax was not accompanied by a direct windfall tax on the sector after the bumper profits earned in 2009.Lloyds' rights issue also closes tomorrow and analysts suggest most of the offer will be taken up with only about £1.5bn to be placed with the underwriters. That rump should be relatively easy to get away, they reckon.The broking arm of Royal Bank of Scotland also advises shareholders to take up the offer and has set a target price of 100p for Lloyds shares.FTSE 100 - RisersLloyds Banking Group (LLOY) 57.74p +5.58%Standard Life (SL.) 207.60p +4.11%Barclays (BARC) 289.10p +3.96%Royal Bank of Scotland Group (RBS) 31.47p +3.78%Legal & General Group (LGEN) 76.95p +3.22%RSA Insurance Group (RSA) 118.00p +2.79%British Sky Broadcasting Group (BSY) 558.50p +2.67%Schroders (SDR) 1,203.00p +2.47%FTSE 100 - FallersInvensys (ISYS) 279.20p -1.76%Tullow Oil (TLW) 1,253.00p -1.49%Land Securities Group (LAND) 639.50p -1.16%Rio Tinto (RIO) 3,105.50p -1.10%Xstrata (XTA) 1,043.00p -1.04%SEGRO (SGRO) 330.00p -0.99%Whitbread (WTB) 1,278.00p -0.85%Resolution (RSL) 77.70p -0.77%

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