FTSE 100 movers: Lloyds depressed by rump placing

8th Jun 2009 10:39

Lloyds Bank slumped by more than 7% as the book runners for its £4bn open offer and placing attempted to place £500m of shares no taken up by shareholders.The issue itself was 87% taken up, which included the government taking up its 43% stake pro-rata. If the book runners don't manage to find buyers for the rest, the government will pick them up but that looks unlikely as the share price is still way above the exercise price of 38p.British Airways is under pressure after trade body IATA warned that the industry overall could lose $9bn this year. BA chief executive Willie Walsh added that his airline is in a fight for its survival as he pressed the case for regulators to allow it to co-operate with American Airlines on trans-Atlantic flights.Roll-Royce picked up after Goldman Sachs upgraded the aero engine maker to neutral on hopes that the new aircraft buying cycle could be nearing its bottom.FTSE 100 - RisersRolls-Royce Group (RR.) 335.00p +1.75%British Land Co (BLND) 382.25p +1.73%TUI Travel (TT.) 249.50p +1.32%Severn Trent (SVT) 1,132.00p +1.25%United Utilities Group (UU.) 530.50p +1.14%Hammerson (HMSO) 294.00p +1.03%Cable & Wireless (CW.) 128.10p +0.87%Reckitt Benckiser Group (RB.) 2,692.00p +0.86%FTSE 100 - FallersLloyds Banking Group (LLOY) 61.00p -7.85%Vedanta Resources (VED) 1,565.00p -6.18%Anglo American (AAL) 1,755.00p -5.49%BHP Billiton (BLT) 1,481.00p -4.76%Eurasian Natural Resources (ENRC) 651.50p -4.54%Fresnillo (FRES) 659.50p -4.28%British Airways (BAY) 146.00p -4.20%Rio Tinto (RIO) 2,875.00p -4.20%