FTSE 100 movers: Miners jump on Chinese data while financials fall

Miners were providing a lift after the better-than-expected manufacturing data from China, which saw the nation's purchasing managers' index rise to an 11-month high of 53.1 in March, from 51 the month before. This boosted hopes for demand in the metals industry with Fresnillo, Rio Tinto and Vedanta Resources all among the top performers. Randgold Resources wasn't performing as well though after Nomura downgraded its rating on the gold miner late Friday night from buy to neutral on the back of concerns that operations in Mali could be affected by the ongoing military coup. Although not in the top 10, GlaxoSmithKline was a popular stock, having reported positive results from an initial study into its development of a drug for HIV treatment and alongside plans to increase its stake in US biopharmaceutical company Theravance.Meanwhile the banks were taking a journey south, with Lloyds, Barclays, HSBC and Royal Bank of Scotland (RBS) registering moderate losses, tracking their European counterparts lower. Some of Europe's largest banks are already planning on returning the funds they got through the three-year LTROs (long-term refinancing operations) run by the European Central Bank (ECB) according to senior bankers cited in a front page piece in today's Financial Times (FT). FTSE 100 - RisersPearson (PSON) 1,199.00p +2.92%SABMiller (SAB) 2,562.00p +2.09%Rolls-Royce Holdings (RR.) 829.00p +2.09%Rio Tinto (RIO) 3,512.00p +1.92%Fresnillo (FRES) 1,627.00p +1.81%Diageo (DGE) 1,527.50p +1.66%British American Tobacco (BATS) 3,198.00p +1.51%Serco Group (SRP) 550.50p +1.47%Weir Group (WEIR) 1,789.00p +1.42%Compass Group (CPG) 664.50p +1.37%FTSE 100 - FallersSchroders (Non-Voting) (SDRC) 1,205.00p -2.82%Lloyds Banking Group (LLOY) 32.72p -2.65%Man Group (EMG) 131.60p -2.37%Barclays (BARC) 229.80p -2.32%Schroders (SDR) 1,544.00p -2.28%Admiral Group (ADM) 1,165.00p -1.85%Antofagasta (ANTO) 1,131.00p -1.82%Royal Bank of Scotland Group (RBS) 27.14p -1.81%ICAP (IAP) 386.00p -1.73%Hargreaves Lansdown (HL.) 480.20p -1.42%NR