FTSE 100 movers: RBS, Lloyds lead risers

15th Jul 2013 13:20

UK banks were the top risers on Monday as a report said Britain's economy will grow faster this year than previously forecast. The Ernst & Young Item Club said the economy will expand 1.1 per cent this year, compared to an April estimate of 0.6 per cent.Royal Bank of Scotland led the FTSE 100 race after Investec reiterated a 'buy' rating for the lender's stock.Lloyds Banking Group advanced following reports UK equity star Richard Buxton had his sights set on the government's planned sale of its stake in the lender.On the downside, Sage Group declined as Morgan Stanley reiterated its 'equal weight' rating of the supplier of business management software.Antofagasta slumped after Citigroup reaffirmed a 'sell' rating for the Chilean-based copper mining group and as the price of the red metal fell.Randgold Resources retreated as the mining company had its 'neutral' rating reinstated by equities researchers at Citigroup.FTSE 100 - RisersRoyal Bank of Scotland Group (RBS) 315.10p +3.52%Schroders (SDR) 2,483.00p +2.35%Lloyds Banking Group (LLOY) 69.13p +2.07%BT Group (BT.A) 345.00p +1.71%Travis Perkins (TPK) 1,659.00p +1.59%Capita (CPI) 1,043.00p +1.56%Smiths Group (SMIN) 1,390.00p +1.39%Associated British Foods (ABF) 1,905.00p +1.38%Reed Elsevier (REL) 811.00p +1.31%Tate & Lyle (TATE) 869.00p +1.22%FTSE 100 - FallersSage Group (SGE) 355.70p -3.05%Aggreko (AGK) 1,761.00p -2.81%Aberdeen Asset Management (ADN) 405.00p -2.15%Antofagasta (ANTO) 815.00p -2.10%Petrofac Ltd. (PFC) 1,271.00p -1.78%Randgold Resources Ltd. (RRS) 4,317.00p -1.73%Tullow Oil (TLW) 1,086.00p -1.36%G4S (GFS) 207.10p -1.15%Fresnillo (FRES) 970.00p -1.12%London Stock Exchange Group (LSE) 1,449.00p -1.09%RD