FTSE 100 movers: Mixed sentiments from top banks

10th Nov 2009 15:22

Banking titan HSBC is top dog today after underlying third quarter profit was "significantly" ahead of the same time last year. It's also seeing some stabilisation in its bad debts picture, especially in the US. In contrast, sector peer Barclays is under the waether despite third quarter profits close to market forecasts. For the three months to September, profits fell from £2.84bn to £1.56bn giving a nine-month total of £4.54bn (2008: £5.6bn), a decrease year on year of 19% (£1.05bn). Expectations about the performance of the high flying investment banking arm of Barclays may have been too high, however, and the shares are among the biggest fallers among Footsie constituents. Gold miner Randgold Resources is the biggest lower after gold sales in the third quarter showed little or no increase from those seen in the second quarter. Sales of $103.5m were up 32% in the third quarter of last year. Profit for the quarter was $13.6m, down from $18.9m in the second quarter but a turnaround from last year when the third quarter saw a loss of $0.68m. FTSE 100 - RisersHSBC Holdings (HSBA) 718.70p +3.83%Imperial Tobacco Group (IMT) 1,879.00p +2.79%Diageo (DGE) 1,032.00p +2.18%Schroders NV (SDRC) 952.00p +2.04%Man Group (EMG) 347.70p +1.91%Smith & Nephew (SN.) 557.00p +1.64%Severn Trent (SVT) 961.50p +1.58%United Utilities Group (UU.) 454.10p +1.34%FTSE 100 - FallersBarclays (BARC) 326.80p -4.68%Randgold Resources (RRS) 4,588.00p -4.00%Fresnillo (FRES) 843.50p -3.60%InterContinental Hotels Group (IHG) 816.00p -3.15%Kazakhmys (KAZ) 1,246.00p -3.11%Antofagasta (ANTO) 867.00p -2.91%Anglo American (AAL) 2,431.00p -2.29%Legal & General Group (LGEN) 81.55p -2.04%FTSE 250 - RisersMorgan Sindall (MGNS) 610.00p +10.81%Cookson Group (CKSN) 430.00p +9.25%Premier Farnell (PFL) 155.30p +5.00%Ashmore Group (ASHM) 293.30p +4.68%FTSE 250 - FallersPunch Taverns (PUB) 88.15p -5.72%Petropavlovsk (POG) 1,221.00p -4.91%Mondi (MNDI) 331.00p -4.86%PV Crystalox Solar (PVCS) 63.80p -4.78%Taylor Wimpey (TW.) 39.70p -4.52%