FTSE 100 movers: Miners rally aids Footsie

7th Jul 2009 14:47

Miners have rallied with the pick-up in the Dow yesterday. Rio Tinto, Kazakhmys and Vedanta are leading the sector higher.AB Foods is lower after a Bank of America downgrade. It has cut its rating to "underperform" from "hold" after its strong performance over the past three months.Reports that Cable & Wireless is facing some heavyweight institutional opposition to its new remuneration package unsettled its share price. Institutional pressure group Pirc has advised shareholders to vote down the proposals, while the Association of British Insurers has slapped a red top warning on the plan.FTSE 100 - RisersRio Tinto (RIO) 1,962.00p +4.08%Kazakhmys (KAZ) 614.50p +3.89%Vedanta Resources (VED) 1,348.00p +3.69%Antofagasta (ANTO) 586.50p +3.53%Xstrata (XTA) 624.80p +3.10%Rexam (REX) 300.00p +2.92%ICAP (IAP) 456.75p +2.87%BHP Billiton (BLT) 1,323.50p +2.80%FTSE 100 - FallersFresnillo (FRES) 457.25p -4.49%Man Group (EMG) 246.25p -3.90%Cable & Wireless (CW.) 129.90p -2.48%Associated British Foods (ABF) 770.00p -1.53%Friends Provident Group (FP.) 62.45p -1.34%Randgold Resources (RRS) 3,760.00p -1.16%Aviva (AV.) 333.50p -1.11%RSA Insurance Group (RSA) 116.80p -1.10%