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FTSE 100 movers: Miners once again taking the hit

Wed, 16th May 2012 15:50

Miners were once again bearing the brunt of the risk-off attitude that has gripped markets over the last week as metals prices continue to fall. Xstrata, Glencore and Fresnillo and were among the worst performers. Both Xstrata and Glencore were also being pressured lower by downgrades from UBS. Some heavyweight constituents were weighing on London's benchmark after trading without the right to their latest dividends. These ex-dividend stocks include Glencore, Morrison, Polymetal, Sainsbury and Whitbread. Financial pulled the index back into the blue, boosted by some better-than-expected US housing starts and industrial production data, with Aberdeen Asset Management, Man Group, Barclays and RBS all making decent gains. Utilities group SSE making small gains after the group upped its full-year dividend by 6.8% following a 2.0% rise in adjusted pre-tax profits. Catering firm Compass also edged higher after posting results that were slightly better than expected, driven by new business wins and a high rate of contract retention. FTSE 100 - RisersAberdeen Asset Management (ADN) 258.50p +4.53%Man Group (EMG) 82.85p +3.76%Barclays (BARC) 193.00p +3.71%Croda International (CRDA) 2,197.00p +3.68%Royal Bank of Scotland Group (RBS) 22.09p +3.51%International Consolidated Airlines Group SA (CDI) (IAG) 154.40p +3.00%Vedanta Resources (VED) 1,042.00p +2.86%IMI (IMI) 903.50p +2.55%GKN (GKN) 195.00p +2.52%Johnson Matthey (JMAT) 2,205.00p +2.46%FTSE 100 - FallersFresnillo (FRES) 1,330.00p -3.62%Sainsbury (J) (SBRY) 301.40p -3.21%Aggreko (AGK) 2,139.00p -1.66%HSBC Holdings (HSBA) 539.40p -1.52%Sage Group (SGE) 256.10p -1.50%Glencore International (GLEN) 364.80p -1.45%Morrison (Wm) Supermarkets (MRW) 273.30p -1.37%British American Tobacco (BATS) 3,077.00p -1.24%Tate & Lyle (TATE) 680.00p -1.23%Kingfisher (KGF) 281.70p -1.19%NR

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