FTSE 100 movers: Miners out of favour on Chinese reports

Date: Friday 25 May 2012

Mining stocks were firmly out of favour on reports that China's banks could miss their 2012 loan targets, exacerbating concerns over a slowdown in the world's second-largest economy which is a source of strong demand for commodities. Fresnillo, Randgold, Vedanta and ENRC were among the worst performers.

Meanwhile, United Utilities was extending gains made yesterday when it said that it has seen a marked improvement in customer satisfaction in the last year or so, and that it is on track to meet regulatory out-performance targets. Nomura this morning upped its target price on the stock from 695p to 715p.

Investors in Holiday Inn and Crowne Plaza owner InterContinental Hotels Group (IHG) seemed to welcome the news that former Unilever CEO Patrick Cescau will be replacing IHG Chairman David Webster at the end of 2012.


FTSE 100 - Risers
Admiral Group (ADM) 1,119.00p +3.23%
Aggreko (AGK) 2,144.00p +1.76%
Hargreaves Lansdown (HL.) 474.30p +1.76%
Tullow Oil (TLW) 1,384.00p +1.54%
Petrofac Ltd. (PFC) 1,573.00p +1.35%
National Grid (NG.) 681.00p +1.34%
Reckitt Benckiser Group (RB.) 3,423.00p +1.27%
Marks & Spencer Group (MKS) 347.10p +1.14%
United Utilities Group (UU.) 644.00p +1.10%
Shire Plc (SHP) 1,894.00p +0.91%

FTSE 100 - Fallers
Lloyds Banking Group (LLOY) 25.91p -3.72%
Vedanta Resources (VED) 963.00p -3.65%
Evraz (EVR) 300.10p -2.79%
Royal Bank of Scotland Group (RBS) 20.92p -2.43%
Fresnillo (FRES) 1,315.00p -2.38%
International Consolidated Airlines Group SA (CDI) (IAG) 140.60p -2.36%
Eurasian Natural Resources Corp. (ENRC) 450.70p -2.15%
Xstrata (XTA) 916.00p -2.03%
IMI (IMI) 877.00p -1.90%
Barclays (BARC) 181.85p -1.86%

NR

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