FTSE 100 movers: Possible RBS share sale next year

31st Jan 2011 13:12

Financials are leading the fallers today, with investors concerned about the exposure of UK banks to Egypt. Sticking with the banking sector, RBS believes that the government might start selling its stake in the bank early next year. The unrest in Egypt also appears to have taken its toll on the TUI Travel share price. International Power, which is being bought by GDF Suez, is lower after Credit Suisse downgraded it from outperform to underperform. Rexam forecasts that overall operating profit in the Beverage Can North America division in 2011 is expected to be comparable to that in 2010, as improved pricing, new customers, continued growth in specialty cans and further cost control initiatives offset the impact of lower volumes of the main products.Oil and gas producer BG Group has signed up engineering and project management group AMEC to provide services for all of its facilities in the central North Sea. The three year contract is worth £140m.FTSE 100 - Risers Rexam (REX) 344.20p +2.90%BG Group (BG.) 1,368.50p +2.59%Essar Energy (ESSR) 521.00p +1.66%Sainsbury (J) (SBRY) 376.20p +1.37%Tesco (TSCO) 402.00p +0.98%Xstrata (XTA) 1,365.50p +0.77%RSA Insurance Group (RSA) 136.00p +0.52%Lloyds Banking Group (LLOY) 62.19p +0.47%Royal Dutch Shell 'A' (RDSA) 2,212.00p +0.43%Eurasian Natural Resources Corp. (ENRC) 1,010.00p +0.30%FTSE 100 - Fallers ICAP (IAP) 538.50p -3.06%TUI Travel (TT.) 252.40p -2.85%Aviva (AV.) 438.40p -2.62%Prudential (PRU) 680.00p -2.44%Royal Bank of Scotland Group (RBS) 41.78p -2.15%IMI (IMI) 868.00p -2.14%Fresnillo (FRES) 1,288.00p -2.13%Cairn Energy (CNE) 410.40p -2.10%International Power (IPR) 426.00p -2.09%Weir Group (WEIR) 1,588.00p -1.91%