FTSE 100 movers: Lower gold price hits miners

Polymetal and Randgold Resources both dropped lower, as gold prices took a hit. Polymetal continues to make headlines concerning the rumoured merger with Russian peer Polyus Gold, which is aiming to raise its free float to 25% (from 14%) in order to gain a long-awaited premium listing on the FTSE 100. Oil and gas firm Tullow was heading north after it released record results earlier this week, had more good news for shareholders with the successful drilling of an appraisal well off the coast of Ghana. Lloyds was also on the up on reports that several ex-board members will not be paid share awards resulting from an incentive plan introduced in the wake of the merger with HBOS back in 2009. The awards were triggered by the squeezing out of £2bn of annual costs from the business, a goal achieved in 2011. Also moving higher was Royal Bank of Scotland, after it had its rating upgraded by both UBS and Investec. FTSE 100 - RisersRoyal Bank of Scotland Group (RBS) 28.53p +7.78%Essar Energy (ESSR) 120.60p +6.16%Tullow Oil (TLW) 1,535.00p +4.35%Lloyds Banking Group (LLOY) 37.77p +3.61%Hargreaves Lansdown (HL.) 491.70p +2.89%ITV (ITV) 90.00p +2.68%ICAP (IAP) 422.90p +2.60%Land Securities Group (LAND) 749.00p +2.60%Glencore International (GLEN) 422.90p +2.60%Xstrata (XTA) 1,176.00p +2.57%FTSE 100 - FallersPolymetal International (POLY) 948.00p -4.72%Randgold Resources Ltd. (RRS) 6,510.00p -2.11%GKN (GKN) 216.50p -1.41%Tate & Lyle (TATE) 706.00p -1.26%United Utilities Group (UU.) 613.00p -1.21%National Grid (NG.) 642.50p -1.08%SSE (SSE) 1,318.00p -0.98%Rexam (REX) 422.80p -0.98%BP (BP.) 488.40p -0.88%SABMiller (SAB) 2,604.50p -0.76%NR