News

CATEGORY: RISERS AND FALLERS     SECTOR: MINING

FTSE 100 movers: Miners lead the way

Tue 31 Jul 2012

LONDON (SHARECAST) - Vedanta, Rio Tinto, Xstrata, Randgold, Glencore and Polymetal making good gains, boosted by Polymetal, Vedanta and Xstrata which all impressed with their second-quarter and first-half production reports this morning.

A notable exception was Mexico-focused precious metals miner Fresnillo, which dropped after being hit by the falling price of silver and reduced ore quality, leading to a significant fall in first-half profits.

UK banking groups Barclays and RBS were both seen taking a hit after earnings from their European counterparts UBS and Deutsche Bank came up short of forecasts.

Weaker oil and gas prices and a cut in output due to an extensive maintenance programme hit BP's profits hard in the second quarter, pushing the share price in the bottom spot.

Scottish engineering firm Weir also tumbled after advising that full-year profits are likely to come in below market expectations if there is no pick-up in the upstream Oil & Gas markets.



FTSE 100 - Risers
Vedanta Resources (VED) 986.00p +6.25%
Rio Tinto (RIO) 2,994.50p +1.96%
Randgold Resources Ltd. (RRS) 5,900.00p +1.64%
Xstrata (XTA) 856.10p +1.39%
GKN (GKN) 213.60p +1.23%
Glencore International (GLEN) 322.15p +1.18%
Royal Dutch Shell 'B' (RDSB) 2,274.50p +1.16%
Royal Dutch Shell 'A' (RDSA) 2,196.00p +1.13%
Unilever (ULVR) 2,296.00p +0.97%
Anglo American (AAL) 1,935.00p +0.91%

FTSE 100 - Fallers
BP (BP.) 425.20p -4.33%
CRH (CRH) 1,180.00p -4.14%
Weir Group (WEIR) 1,645.00p -3.46%
Sage Group (SGE) 289.50p -3.14%
Intertek Group (ITRK) 2,773.00p -2.43%
Burberry Group (BRBY) 1,266.00p -2.31%
Royal Bank of Scotland Group (RBS) 217.50p -2.12%
Shire Plc (SHP) 1,884.00p -2.03%
Johnson Matthey (JMAT) 2,180.00p -1.98%
Wolseley (WOS) 2,324.00p -1.94%

NR
 
VED - Vedanta Resources

Latest Prices

Name Price %
Vedanta Resources 1,283.00p +0.79%
Anglo American 1,553.00p -1.08%
Barclays 326.20p -0.18%
BP 472.55p +0.55%
Fresnillo 1,034.00p -3.27%
Glencore Xstrata 334.95p -1.12%
Polymetal International 617.00p -2.60%
Royal Bank of Scotland Group 351.90p +4.48%
Rio Tinto 2,903.50p +0.14%
Randgold Resources Ltd. 4,696.00p -1.28%
Weir Group 2,386.00p -0.54%
Xstrata 0.000p 0.00%
 
FTSE 100 6,756 +0.48%
FTSE 350 3,635 +0.44%
FTSE All-Share 3,561 +0.39%
FTSEurofirst 300 1,252 +0.38%
Banks 5,300 +0.85%
Industrial Engineering 9,747 +0.39%
Mining 16,720 -0.54%
Oil & Gas Producers 8,246 +0.12%

Archived Stories

16 May London midday: Markets rangebound but winning streak continues
16 May London open: FTSE 100 breaches 6,700 after Japanese GDP
16 May Vedanta Resources sees earnings rise on record production
15 May Thursday preview: Vedanta Resources to post annual results
14 May Sector movers: Miners drop on global growth concerns

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17 May ENRC rebuffs proposal from founding shareholders



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