FTSE 100 movers: Miners spooked by China

11th Mar 2010 15:56

Miners dominate the fallers on the Footsie today as they are hit by fears that the Chinese government may try to hold back growth in the Chinese economy. Kazakhmys and Fresnillo are the biggest fallers. Wound care company Smith & Nephew lost a US patent infringement case brought by Kinetic Concepts Inc. A jury decided that S&N's Renasys products infringed two of Kinetic's patents. Kinetic was awarded damages of $1.2m. Kinetics hopes to obtain and injunction to stop S&N selling the products in the US. S&N intends to appeal. Charles Stanley still rates S&N as a buy. Oil services provider Petrofac continues its rise ahead of the demerger of its oil and gas assets. The share price is heading closer to RBS's sum of the parts valuation of 1,230p a share. Petrofac is spinning off its oil and gas assets in a new vehicle called EnQuest. FTSE 100 - RisersPetrofac Ltd (PFC) 1,199.00p +3.18%Standard Life (SL.) 214.60p +3.02%Kingfisher (KGF) 223.00p +2.91%Thomas Cook Group (TCG) 246.90p +2.70%BT Group (BT.A) 122.40p +2.68%Lloyds Banking Group (LLOY) 56.66p +2.53%Intertek Group (ITRK) 1,380.00p +2.00%Aggreko (AGK) 1,104.00p +1.94%Next (NXT) 2,014.00p +1.82%InterContinental Hotels Group (IHG) 987.00p +1.39%FTSE 100 - FallersKazakhmys (KAZ) 1,495.00p -3.24%Fresnillo (FRES) 841.00p -3.00%Smith & Nephew (SN.) 675.00p -2.95%Morrison (Wm) Supermarkets (MRW) 296.10p -2.66%Randgold Resources (RRS) 4,986.00p -2.33%BHP Billiton (BLT) 2,200.00p -2.11%Rio Tinto (RIO) 3,690.50p -1.85%Eurasian Natural Resources (ENRC) 1,119.00p -1.84%Xstrata (XTA) 1,189.00p -1.78%Lonmin (LMI) 1,961.00p -1.75%