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FTSE 100 movers: Banks hold up, miners tank
Mon, 01 Dec, 2008
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FTSE 100 movers: Banks hold up, miners tank
Wed, 15 Oct 2008, 12:09:00
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Related Market Prices
Name
Value
Percent
Change
Lloyds TSB Group
162.60p
+1.06%
Anglo American
1450.00p
+0.00%
HBOS
94.00p
-3.09%
Kazakhmys
218.75p
-1.80%
Royal Bank of Scotland Group
52.60p
-1.87%
Rio Tinto
1511.00p
-2.52%
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Tue, 25 Nov 2008
Banks are the best performers as rumours and seemingly informed leaks suggest that the government's dividend constraints on bailed -out banks <b>Lloyds TSB</b> and <b>Royal Bank of Scotland</b> may not be as tight as previously suggested.<br /><br />Reports today suggested the ban on dividends will last for a year after which they can stay paying out again. Yesterday <b>HBOS</b> shares fell steeply on concern that Lloyds might reconsider its merger offer and walk away, but the government is said to be desperate for that not to happen.<br /><br />Miners are taking a pasting today after Rio Tinto pointed to a slowdown in Chinese demand, sending it and the rest of the sector into freefall.<br /><br />Rio chief executive Tom Albanese described a slow-down in the Chinese economy as a "pause for breath". The company said there has been a deceleration of growth in the critical Chinese market, with the 2008 growth rate expected to fall below 10% from almost 12% last year. <br /><br />Because of this, Rio has put is disposal programme on hold. The group said the "primary objective continues to be obtaining appropriate value from the assets highlighted for divestment." <br /><br /><b>Kazakhmys</b>, <b>Xstrata</b> and <b>Anglo American,</b> along with Rio, are the worst affected in the mining sell-off.<br /><br /><b>FTSE 100 - Risers</b><br />Lloyds TSB Group (LLOY) 164.60p +8.79%<br />Royal Bank of Scotland Group (RBS) 68.50p +5.38%<br />Thomas Cook Group (TCG) 196.50p +5.08%<br />Autonomy Corporation (AU.) 845.00p +3.30%<br />Pearson (PSON) 570.50p +1.97%<br />Shire Plc (SHP) 800.50p +1.59%<br />HBOS (HBOS) 86.40p +1.29%<br />G4S (GFS) 183.00p +0.94%<br /><br /><b>FTSE 100 - Fallers</b><br />Kazakhmys (KAZ) 351.25p -18.93%<br />Xstrata (XTA) 1,085.00p -17.55%<br />Anglo American (AAL) 1,417.00p -14.64%<br />Vedanta Resources (VED) 779.00p -13.49%<br />Eurasian Natural Resources (ENRC) 449.50p -12.97%<br />Antofagasta (ANTO) 297.50p -12.88%<br />Rio Tinto (RIO) 2,483.00p -12.14%<br />BHP Billiton (BLT) 953.50p -11.47%<br /><br />
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