FTSE 100 Movers: Rangold benefits from gold rush

16th Aug 2011 09:51

In morning trading the FTSE 100 dropped 0.9% to 5,299.05, with both banks and mining stocks down. Randgold Resources saw a boost off the back of a rising gold price, and a flight to safety by risk-averse investors.Oil company Cairn is lower after RBS cut its rating from 'buy' to 'hold'.Engineering groups IMI, GKN and Weir all took a hit as concerns over the Euroepan economy in the wake of disappointing gross domestic product data today continue to leave investors low on confidence. FTSE 100 - RisersRandgold Resources Ltd. (RRS) 6,265.00p +1.38%Standard Life (SL.) 208.80p +1.26%ARM Holdings (ARM) 526.50p +1.15%Capita Group (CPI) 713.00p +0.71%Fresnillo (FRES) 1,808.00p +0.67%Old Mutual (OML) 114.60p +0.61%Admiral Group (ADM) 1,529.00p +0.59%Resolution Ltd. (RSL) 269.30p +0.56%British American Tobacco (BATS) 2,744.00p +0.51%Shire Plc (SHP) 1,959.00p +0.41%FTSE 100 - FallersIMI (IMI) 850.00p -3.30%Glencore International (GLEN) 394.40p -3.12%GKN (GKN) 196.30p -2.92%BT Group (BT.A) 173.30p -2.91%Petrofac Ltd. (PFC) 1,210.00p -2.73%Antofagasta (ANTO) 1,230.00p -2.69%Vedanta Resources (VED) 1,387.00p -2.67%Kazakhmys (KAZ) 1,022.00p -2.67%Johnson Matthey (JMAT) 1,762.00p -2.60%Cairn Energy (CNE) 312.40p -2.38%NR