FTSE 100 movers: Financials in decline

22nd Nov 2010 12:18

Banks and financials are declining even though it appears that a bail-out deal has been agreed with Ireland. RBS has the most at risk and it is the biggest faller. Seven of the worst 10 performers are financials. Execution Noble has cut its recommendation for ICAP from buy to hold. Vedanta Resources is higher on speculation that the Indian government will not allow Oil & Natural Gas Corp to exercise its pre-emptive rights and scupper Vedanta's purchase of Cairn Energy's Indian business. Pearson is buying a 75% stake in South Africa-based CTI Education for £31m. CTI has 9,000 higher education students on 12 campuses. The deal should be earnings enhancing in 2011. FTSE 100 - RisersTUI Travel (TT.) 205.80p +2.49%Compass Group (CPG) 538.00p +1.70%Capital Shopping Centres Group (CSCG) 371.10p +1.48%Severn Trent (SVT) 1,460.00p +1.46%Kingfisher (KGF) 248.00p +1.35%Vedanta Resources (VED) 2,236.00p +1.27%Scottish & Southern Energy (SSE) 1,169.00p +1.12%Pearson (PSON) 940.50p +1.07%InterContinental Hotels Group (IHG) 1,153.00p +1.05%Sage Group (SGE) 263.00p +0.77%FTSE 100 - FallersRoyal Bank of Scotland Group (RBS) 40.50p -3.04%Legal & General Group (LGEN) 95.65p -1.95%ICAP (IAP) 466.00p -1.89%Lloyds Banking Group (LLOY) 65.53p -1.78%Standard Life (SL.) 219.20p -1.66%Prudential (PRU) 605.00p -1.55%Autonomy Corporation (AU.) 1,398.00p -1.27%Admiral Group (ADM) 1,536.00p -1.16%Inmarsat (ISAT) 683.50p -1.09%BG Group (BG.) 1,209.50p -1.02%