FTSE 100 movers: Precious metals miners lead gains

16th Jun 2014 15:05

Fresnillo, Randgold Resources, Glencore, BHP Billiton and Anglo American were all tracking metals prices higher. Glencore was also lifted by Investec, which moved its target price from 302p to 319p and upgraded the stock from 'reduce' to 'hold'.Driven higher by supply concerns, rising oil prices prompted yet another jump in oil stocks today, with Tullow Oil and Petrofac both strong gainers. As well, shares of Tullow Oil might be benefitting as traders look to get in ahead of a progress update from the firm on its Hanssen project. Telecoms giant Vodafone inched higher on the news it is to take over Cobra Automotive Technologies, the Italian provider of security and telematics solutions to the automotive and insurance industries.After initially falling, Royal Bank of Scotland moved higher on reports that it is in talks with private equity groups to boost the balance sheet of its Ulster Bank unit.Telecoms group BT was firmly in the red after The Sunday Times indicated that the company's pension costs may rise. Rolls-Royce was lower after analysts at Societe Generale cut their rating on the stock from 'hold' to 'sell', saying that there is "some risk of a further earnings downgrade" at the engine maker.FTSE 100 - RisersFresnillo (FRES) 823.50p +2.04%Tullow Oil (TLW) 855.50p +1.66%Aberdeen Asset Management (ADN) 446.00p +1.59%William Hill (WMH) 342.50p +1.54%Next (NXT) 6,320.00p +1.12%Randgold Resources Ltd. (RRS) 4,615.00p +1.12%Glencore (GLEN) 321.40p +1.07%Petrofac Ltd. (PFC) 1,269.00p +0.95%BHP Billiton (BLT) 1,866.00p +0.86%Anglo American (AAL) 1,420.00p +0.71%FTSE 100 - FallersBT Group (BT.A) 384.10p -2.59%Experian (EXPN) 1,006.00p -2.14%Royal Mail (RMG) 488.90p -1.85%Morrison (Wm) Supermarkets (MRW) 188.80p -1.82%Melrose Industries (MRO) 275.10p -1.82%Persimmon (PSN) 1,189.00p -1.82%London Stock Exchange Group (LSE) 1,932.00p -1.78%Coca-Cola HBC AG (CDI) (CCH) 1,386.00p -1.63%St James's Place (STJ) 771.50p -1.59%Rolls-Royce Holdings (RR.) 1,004.00p -1.57%NR