FTSE 100 movers: Financials fall back

11th May 2010 14:48

Banks and financials have lost a large chunk of yesterday's gains and they are dragging the FTSE 100 index downwards as investors start to worry about the prospects for the €750bn bailout agreed by European governments to prevent economic collapse in countries that use the euro.Royal Bank of Scotland has its own worries as well. The bank has agreed to pay the US government $500m to settle charges that it conspired to violate the US Bank Secrecy Act. The Department of Justice said ABN Amro, the lender RBS bought in 2007, had helped banks and customers from blacklisted countries, such as Cuba, Iran, Libya, and Sudan, to carry out transactions. Broker Thomas Weisel has upgraded Randgold Resources from market weight to overweight. BT is rising prior to its full year figures on Thursday. Analysts expect revenues to decline but a swing back into profit in the year to March 2010. FTSE 100 - RisersRandgold Resources (RRS) 5,720.00p +2.51%BT Group (BT.A) 118.10p +1.55%Imperial Tobacco Group (IMT) 1,824.00p +0.55%Aggreko (AGK) 1,246.00p +0.40%National Grid (NG.) 609.00p +0.16%Capital Shopping Centres Group (CSCG) 355.50p -0.11%Serco Group (SRP) 614.50p -0.24%G4S (GFS) 263.50p -0.26%Sage Group (SGE) 237.30p -0.34%Royal Dutch Shell 'B' (RDSB) 1,809.50p -0.36%FTSE 100 - FallersCapital & Counties Properties (WI) (CAPC) 125.00p -6.72%Xstrata (XTA) 1,019.50p -6.64%Royal Bank of Scotland Group (RBS) 48.72p -5.86%Kazakhmys (KAZ) 1,250.00p -5.66%Vedanta Resources (VED) 2,419.00p -5.17%Lloyds Banking Group (LLOY) 58.16p -4.66%Standard Chartered (STAN) 1,675.00p -4.59%Anglo American (AAL) 2,633.00p -4.32%Man Group (EMG) 219.00p -4.03%Legal & General Group (LGEN) 80.45p -4.00%