FTSE 100 movers: Randgold up on Mali government news

23rd Aug 2012 14:59

Randgold was a high riser today after releasing a statement to welcome the appointment of a new interim government in Mali which its said 'represents a further step towards the full normalisation of the country following the coup attempt earlier this year.' Miners on the whole were making gains today on the hopes that policy-makers in the US will boost the world's largest economy. Antofagasta, Fresnillo and Xstrata were in demand, while Anglo American was higher after signing an agreement to end a 10-month dispute over a massive copper mine in Chile. Bucking the trend was Kazakhmys after announcing that both revenues and earnings dropped in the first half. Cash costs increased significantly during the period, leading the group to increase its cash cost guidance for the full year. Engineering group IMI fell after saying that the first-half revenue growth of 6% would likely slow in the second half mainly due to the weakening economic conditions in Europe. Drinks brands leviathan SABMiller was lower after Nomura downgraded the stock from 'neutral' to 'reduce', saying that the shares are trading at a 9% premium to the "beer average". FTSE 100 - RisersRandgold Resources Ltd. (RRS) 6,395.00p +4.07%Fresnillo (FRES) 1,570.00p +2.88%Polymetal International (POLY) 979.50p +2.19%Antofagasta (ANTO) 1,144.00p +2.14%Anglo American (AAL) 1,945.00p +1.83%Tullow Oil (TLW) 1,402.00p +1.67%Vedanta Resources (VED) 947.00p +1.66%Wolseley (WOS) 2,546.00p +1.60%British American Tobacco (BATS) 3,310.00p +1.39%Sage Group (SGE) 303.00p +1.34%FTSE 100 - FallersIMI (IMI) 859.50p -2.72%Gemfields (GEM) 36.25p -2.03%Kazakhmys (KAZ) 690.50p -1.99%Royal Bank of Scotland Group (RBS) 231.10p -1.91%Land Securities Group (LAND) 791.00p -1.74%Capita (CPI) 721.50p -1.23%British Land Co (BLND) 538.00p -1.19%International Consolidated Airlines Group SA (CDI) (IAG) 145.20p -1.16%Eurasian Natural Resources Corp. (ENRC) 352.20p -1.07%Morrison (Wm) Supermarkets (MRW) 276.10p -1.04%NR