FTSE 100 movers: Miners and financials head lower

15th Jul 2010 16:17

Footsie is heading lower as miners and financials fall back. Metals prices are recovering but ENRC, Rio Tinto, Xstrata and Kazakhmys are all lower. Barclays leads the fallers. There is also profit taking in ARM after yesterday's rise. Global information services company Experian is higher after reporting an improved performance across all its geographic regions except the UK & Ireland in the May to June period. Revenues grew 7% on a constant exchange rate basis while organic revenue growth was 6%. Broker Charles Stanley said the company had got off to a stronger start to its new financial year than the broker had been expecting.A cloud over drugs giant GlaxoSmithKline has been lifted. A joint advisory committee to the US Food and Drug Administration has voted to allow Glaxo's lucrative diabetes drug Avandia to remain on the market. However, Glaxo expects to record a legal charge for the second quarter of 2010 of £1.57bn.BP has agreed to acquire Verenium's cellulosic biofuels business for $98.3m. BP will become the sole investor in Vercipia Biofuels, a 50-50 joint venture formed by BP and Verenium in February 2009.FTSE 100 - RisersEssar Energy (ESSR) 444.70p +3.66%Experian Group (EXPN) 646.50p +2.05%Petrofac Ltd. (PFC) 1,294.00p +1.65%Imperial Tobacco Group (IMT) 1,969.00p +1.65%Severn Trent (SVT) 1,287.00p +1.42%GlaxoSmithKline (GSK) 1,198.00p +1.40%United Utilities Group (UU.) 557.50p +0.72%Tullow Oil (TLW) 1,143.00p +0.70%BP (BP.) 403.50p +0.62%Associated British Foods (ABF) 1,055.00p +0.57%FTSE 100 - FallersBarclays (BARC) 300.90p -4.03%Eurasian Natural Resources (ENRC) 839.00p -3.89%Rio Tinto (RIO) 3,022.50p -3.57%InterContinental Hotels Group (IHG) 1,121.00p -3.36%Aviva (AV.) 344.60p -3.18%Xstrata (XTA) 918.50p -2.55%Rolls-Royce Group (RR.) 575.00p -2.54%Kazakhmys (KAZ) 1,044.00p -2.52%ARM Holdings (ARM) 310.80p -2.42%Legal & General Group (LGEN) 85.30p -2.35%