Date: Wednesday 27 Jun 2012
Evraz fell to its lowest price since it began trading on the index in November, with investors likely to be concerned by an announcement from a major steelmaker in Germany, Salzgitter AG, in which it said it in no longer able to forecast that it's steel division will break even in 2012.
Banks were among the best performing stocks early on following slight falls the day before. Royal Bank of Scotland was a high riser, rebounding after its recent technical issues at Natwest. Lloyds and Barclays were also higher.
Emerging markets-focused lender Standard Chartered rose after saying that the robust income growth seen in the first quarter continued into the second, although FX movements are still limiting the increase.
Meanwhile, ICAP, Next and Compass Group were all heavy fallers after going ex-dividend - from today, investors will not be able to get their hands on the companies' latest dividend payouts.
Commodities marketer and producer Glencore International fell after confirming rumours that it is looking into shaking up management incentive arrangements as part of its multi-billion dollar merger with mining giant Xstrata. Xstrata shareholder Qatar Holdings has come out and demanded a higher exchange ratio.
FTSE 100 - Risers
Amec (AMEC) 961.00p +3.00%
BG Group (BG.) 1,244.50p +2.89%
SABMiller (SAB) 2,526.50p +2.45%
Associated British Foods (ABF) 1,265.00p +2.26%
ITV (ITV) 74.65p +2.19%
ARM Holdings (ARM) 493.80p +2.11%
Lloyds Banking Group (LLOY) 30.71p +2.06%
BT Group (BT.A) 204.60p +1.94%
Standard Chartered (STAN) 1,359.50p +1.91%
Aberdeen Asset Management (ADN) 254.60p +1.88%
FTSE 100 - Fallers
Evraz (EVR) 240.90p -6.01%
ICAP (IAP) 340.60p -5.31%
Polymetal International (POLY) 905.50p -2.74%
Glencore International (GLEN) 295.75p -2.30%
Resolution Ltd. (RSL) 190.00p -1.91%
Next (NXT) 3,138.00p -1.78%
Eurasian Natural Resources Corp. (ENRC) 392.90p -1.77%
Aggreko (AGK) 1,995.00p -1.63%
Croda International (CRDA) 2,151.00p -1.47%
Tate & Lyle (TATE) 636.00p -1.47%
or share it with one of these popular networks:
You are here: news