FTSE 100 movers: Banks worried by tax talk

7th Dec 2009 15:15

Blue chips have recovered a little as US markets have opened brightly. Travel groups are doing well after an upbeat note form Panmure Gordon.The broker reduced its share price target for TUI Travel to 325p (from 360p) but with c32% upside potential "we retain our buy recommendation," it added.Banks are under pressure on talk that the government might spring a windfall tax in Wednesday's pre-Budget report. Royal Bank of Scotland, Lloyds Banking, Barclays and HSBC are in arrears on suggestions that the Chancellor of the Exchequer, frustrated at his inability to stop banks paying mega-bonuses, may hit the banks' profits with a tax raid. Miners are also under pressure with the improvement in the dollar.Xstrata, ENRC and Fresnillo are the worst hit.FTSE 100 - RisersThomas Cook Group (TCG) 222.30p +2.44%Bunzl (BNZL) 653.50p +2.11%TUI Travel (TT.) 251.00p +1.70%Cobham (COB) 244.40p +1.62%BAE Systems (BA.) 340.90p +1.46%Inmarsat (ISAT) 666.50p +1.29%British Sky Broadcasting Group (BSY) 550.50p +1.29%Pearson (PSON) 856.50p +1.24%FTSE 100 - FallersRoyal Bank of Scotland Group (RBS) 33.27p -3.93%Eurasian Natural Resources (ENRC) 890.00p -3.37%Lloyds Banking Group (LLOY) 54.35p -2.95%Fresnillo (FRES) 845.50p -2.25%Barclays (BARC) 296.80p -2.21%London Stock Exchange Group (LSE) 737.50p -1.99%Amec (AMEC) 799.00p -1.36%Kingfisher (KGF) 235.80p -1.26%