FTSE 100 movers: Financials lead market higher

9th Dec 2010 13:07

Financials dominate the risers on the Footsie as the Bank of England keeps the base rate unchanged and confidence recovers in the global economy. Man Group and RBS are both more than 3% ahead on the day. Cobham is the best performer even though the defence group will be dropped from the index on 20 December. Standard Chartered stands out amongst the banks because of its share price fall. It expects another record year for profits and revenues but margins are being hampered by increasing competition for staff and higher regulatory costs.Smith & Nephew has been hit by profit-taking after yesterday's sharp rise on the back of bid rumours. FTSE 100 - RisersCobham (COB) 204.30p +4.02%Man Group (EMG) 288.70p +3.77%Royal Bank of Scotland Group (RBS) 42.33p +3.29%Serco Group (SRP) 584.00p +3.00%Prudential (PRU) 652.50p +2.84%Barclays (BARC) 271.30p +2.71%Lonmin (LMI) 1,849.00p +2.49%BG Group (BG.) 1,319.00p +2.45%ICAP (IAP) 531.50p +1.82%BT Group (BT.A) 180.80p +1.69%FTSE 100 - FallersStandard Chartered (STAN) 1,807.00p -3.78%Weir Group (WEIR) 1,777.00p -2.09%Whitbread (WTB) 1,775.00p -2.04%Smith & Nephew (SN.) 650.00p -1.81%Severn Trent (SVT) 1,423.00p -1.79%Xstrata (XTA) 1,426.00p -1.76%Amec (AMEC) 1,127.00p -1.66%Marks & Spencer Group (MKS) 379.80p -1.40%Vedanta Resources (VED) 2,186.00p -1.31%Petrofac Ltd. (PFC) 1,465.00p -1.28%