FTSE 100 movers: Miners track metal prices higher

10th Dec 2013 15:14

Randgold Resources topped the leader board this afternoon, tracking the price of gold higher, which was up 29 dollars, or 2.35 per cent. Likewise, Fresnillo, which fell earlier in today's session, rebounded into positive territory despite lowering its annual gold production forecast by 8.4% to 425,900 ounces. Engineering group Weir was another high riser, extending gains after a solid performance on Monday on renewed rumours that it could be the target of a possible £5.9bn bid from US conglomerate General Electric.Airline group IAG was continuing to fly high following yesterday's reports that subsidiary British Airways is looking to block changes to its APS pension scheme that could lead to increased payments to its retired employees. Market chatter suggested that increased pension payouts could affect when IAG begins to pay dividends.Meanwhile, TUI Travel was firmly in the red despite reporting record annual profits as margins sizzled during the peak summer period, particularly in the UK. Profit before tax soared 21% to £473m on revenue up 4% to £15.05bn in the year to September 30th. Standard Chartered shares were also lower after Sanford C. Bernstein issued a report in which it reiterated its 'underperform' rating on the stock, with a 1,050p target price. Oil group Tullow continued to fall one day after saying it has plugged and abandoned its Tultule-1 wildcat well onshore Ethiopia after it failed to encounter oil. Whitbread, the owner of the Premier Inn, Beefeater and Costa chains, fell despite saying it is on track to deliver full-year results in line with expectations following a strong third quarter.FTSE 100 - RisersRandgold Resources Ltd. (RRS) 4,141.00p +4.12%Weir Group (WEIR) 2,130.00p +2.80%Hargreaves Lansdown (HL.) 1,259.00p +2.52%Fresnillo (FRES) 758.50p +2.22%Morrison (Wm) Supermarkets (MRW) 264.50p +1.61%Smiths Group (SMIN) 1,399.00p +1.52%International Consolidated Airlines Group SA (CDI) (IAG) 370.20p +1.12%Schroders (SDR) 2,465.00p +0.98%Mondi (MNDI) 973.50p +0.93%Antofagasta (ANTO) 768.00p +0.85%FTSE 100 - FallersTUI Travel (TT.) 373.20p -2.81%Standard Chartered (STAN) 1,285.50p -2.17%Tullow Oil (TLW) 851.50p -2.07%Vedanta Resources (VED) 806.50p -1.83%BHP Billiton (BLT) 1,820.50p -1.27%Croda International (CRDA) 2,273.00p -1.26%Marks & Spencer Group (MKS) 455.30p -1.24%ARM Holdings (ARM) 998.50p -1.24%Whitbread (WTB) 3,482.00p -1.22%William Hill (WMH) 373.60p -1.16%NR