FTSE 100 Movers: Randgold shines again

29th Nov 2011 15:20

Randgold Resources was the top performer, rising over 5%, climbing its way back after yesterday's fall. On Monday, the firm cut its production forecast for the year after running into a number of difficulties at its Tongon mine in Côte d'Ivoire. The firm said that it now expects group production for the year to drop from between 740,000 and 760,000 ounces to between 690,000 to 700,000 ounces.G4S was on the up after HSBC upgraded the stock from neutral to overweight. Icap rose on Credit Suisse's decision to keep it at outperform and despite its target price being lowered to 420p from 510p. GKN was also up after Moody's upgraded its outlook on the stock from stable to positive. According to financial website ThisisMoney.co.uk, GKN shares rose strongly yesterday on rumours that Singapore-based Quest Global Engineering was thinking of launching a bid for the company.Meanwhile, the banks were among the worst performers, with Lloyds, Standard Chartered and HSBC all making moderate losses. Investors are likely to be cautious as a result of the Chancellor's speech and the meeting of European finance ministers. It was a similar story for miners, with Rio Tinto, Anglo American and Antofagasta all heading lower. Airline IAG is also out of favour with investors, and is likely to have been affected by worries over US rival American Airlines, whose parent company AMR Corp has filed for bankruptcy protection. Resolution fell despite reporting that the High Court has approved its scheme to transfer certain aspects of its businesses to Friends Provident Life and Pensions Limited in a move which will enable the company to undertake a further £250m cash return to shareholders in 2012. FTSE 100 - RisersRandgold Resources Ltd. (RRS) 6,570.00p +5.29%GKN (GKN) 184.00p +3.90%Man Group (EMG) 136.90p +3.48%Aggreko (AGK) 1,824.00p +2.70%Inmarsat (ISAT) 422.30p +2.33%G4S (GFS) 244.70p +2.30%ITV (ITV) 62.95p +1.86%Compass Group (CPG) 570.00p +1.79%Wolseley (WOS) 1,834.00p +1.78%ICAP (IAP) 343.50p +1.48%FTSE 100 - FallersLloyds Banking Group (LLOY) 22.92p -3.19%Burberry Group (BRBY) 1,173.00p -2.01%Royal Bank of Scotland Group (RBS) 19.35p -1.98%Resolution Ltd. (RSL) 234.90p -1.96%Glencore International (GLEN) 378.90p -1.43%International Consolidated Airlines Group SA (IAG) 142.70p -1.31%Rio Tinto (RIO) 3,122.50p -1.31%Anglo American (AAL) 2,290.50p -1.12%Antofagasta (ANTO) 1,082.00p -1.10%HSBC Holdings (HSBA) 483.80p -1.01%NR