News

CATEGORY: RISERS AND FALLERS     SECTOR: GAS, WATER & MULTIUTILITIES

FTSE 100 movers: Miners out of favour on Chinese reports

Fri 25 May 2012

LONDON (SHARECAST) - 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
 
UU. - United Utilities Group

Latest Prices

Name Price %
United Utilities Group 786.50p +0.64%
Eurasian Natural Resources Corp. 265.50p -0.26%
Evraz 148.40p -4.50%
Fresnillo 1,079.00p +0.28%
InterContinental Hotels Group 1,914.00p -1.59%
Vedanta Resources 1,285.00p -3.75%
 
FTSE 100 6,670 -2.49%
FTSE 350 3,586 -2.50%
FTSE All-Share 3,515 -2.49%
FTSEurofirst 300 1,225 -2.41%
Gas, Water & Multiutilities 6,215 -0.56%
Industrial Metals & Mining 1,662 -6.37%
Mining 16,805 -4.16%
Travel & Leisure 6,433 -2.02%

Archived Stories

23 May London midday: Rally runs out of steam after Bernanke comments
23 May London open: Fed concerns, poor Chinese data spark sell-off
23 May United Utilities reports good full year results and ups dividend
20 May Will there be more bids for water companies?
20 May Sector movers: Water stocks lift utilities higher

Front Page Stories

23 May Glencore Xstrata launches first bond issue as merged company
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23 May ENRC suffers two potential losses of company data
23 May Mitchells & Butlers profits rise on cost savings
23 May Thursday tips round-up: Great Portland Estates, Capita, Primary Health



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