FTSE 100 movers: Banks mixed, supermarkets higher

7th Jan 2010 13:06

Footsie has hauled itself back into the blue as banks and miners rallied and from a weak start.Keefe, Bruyette & Woods initailly unsettled the bank sector with comments that European banks are 'growing nowhere fast', and has downgraded the sector to 'neutral'. But within that broad sector view it has its favourites. Barclays is one of those, along with Lloyds Banking where KBW has kept its overweight rating though it has cut its price target from 150p to 100p. Wolseley is higher after a second bullish broker comment in two days. After Nomura was keen yesterday, UBS today upgraded the building materials giant to 'buy' from 'neutral'.Supermarket giant J Sainsbury got a good response to its figures. Like-for-like sales, including fuel, rose by 3.8% in the 13 weeks to 2 January, while like-for-like sales excluding fuel and VAT were up by 4.2%. Total sales rose 6.2%, or 6.3% excluding fuel.FTSE 100 - RisersLloyds Banking Group (LLOY) 56.62p +3.72%Barclays (BARC) 316.40p +3.06%Wolseley (WOS) 1,400.00p +2.87%Kazakhmys (KAZ) 1,475.00p +2.72%BG Group (BG.) 1,190.00p +2.32%Sainsbury (J) (SBRY) 325.20p +2.26%Fresnillo (FRES) 857.50p +2.14%ICAP (IAP) 445.20p +2.09%FTSE 100 - FallersInmarsat (ISAT) 685.00p -2.35%Prudential (PRU) 630.50p -2.32%Vodafone Group (VOD) 139.30p -2.25%National Grid (NG.) 653.50p -2.10%Smiths Group (SMIN) 1,001.00p -2.05%Capita Group (CPI) 727.00p -2.02%Next (NXT) 2,060.00p -1.95%Standard Life (SL.) 211.80p -1.94%