FTSE 100 movers: China data lifts miners

14th Oct 2009 14:27

Better than expected trade figures from China sent mining shares sharply higher.China's exports fell at the slowest this year in September, which coupled with a production upgrade from Rio Tinto has sent buyers scurrying for shares.Kazakhmys, Xstrata and Lonmin are all well ahead as is Rio Tinto, which set a new record for iron ore production in its third quarter. "We are seeing early signs of a recovery in some of our key markets, although we remain cautious about the near term outlook," Rio chief executive Tom Albanese said. Fashion group Burberry is another top performer after it reported a better-than-expected 5% rise in second quarter sales thanks to a good performance in Europe and Asia. Total sales rose to £343m compared with £328m last time, though sales were down 5% at constant exchange rates. Broker Nomura Securities predicted sales would drop 2% to £320m, or by 12% on a constant currency basis. FTSE 100 - RisersKazakhmys (KAZ) 1,268.00p +7.64%Burberry Group (BRBY) 569.50p +6.05%Barclays (BARC) 381.45p +5.96%Cairn Energy (CNE) 2,955.00p +5.24%Lonmin (LMI) 1,724.00p +5.12%Johnson Matthey (JMAT) 1,459.00p +5.04%Xstrata (XTA) 1,005.00p +4.96%Vedanta Resources (VED) 2,327.00p +4.91%FTSE 100 - FallersInternational Power (IPR) 276.40p -2.78%Thomas Cook Group (TCG) 224.10p -1.93%Tesco (TSCO) 373.80p -1.24%Diageo (DGE) 964.00p -1.23%British Land Co (BLND) 469.80p -0.61%British Sky Broadcasting Group (BSY) 577.00p -0.60%RSA Insurance Group (RSA) 132.50p -0.38%Marks & Spencer Group (MKS) 345.60p -0.37%