FTSE 100 movers: Schroders leads fallers

8th Aug 2014 15:45

Shares in Schroders fell on Friday after the boss of sector peer Aberdeen said that investors were too bullish on UK fund managers. Aberdeen's chief executive Martin Gilbert was quoted as saying that the industry "has over-promised and under-delivered".Consumer products groups were also on the decline with Reckitt Benckiser, SABMiller and Diageo all trading with losses.Miner Fresnillo was a high riser as gold and silver prices gained earlier in the day on the back of safe-haven demand. Insurer Aviva pulled back after a solid gain the previous session as it beat expectations with a 4% increase in first-half operating profits to £1.05bn.Royal Bank of Scotland was making decent gains amid the speculation that its chairman Philip Hampton could quit to move to pharmaceutical giant Glaxosmithkline.Postal group Royal Mail was in demand as the stock attempts to rebound from its recent losses - even including Friday's bounce, the shares are down 25% so far in 2014. The company was making headlines on reports that it has cut collection times at post boxes.FTSE 100 - RisersHargreaves Lansdown (HL.) 1,086.00p +3.43%Fresnillo (FRES) 1,012.00p +3.21%Royal Mail (RMG) 426.00p +2.90%Royal Bank of Scotland Group (RBS) 345.30p +2.34%Sage Group (SGE) 387.50p +1.41%Glencore (GLEN) 363.10p +1.34%ARM Holdings (ARM) 881.00p +1.21%Morrison (Wm) Supermarkets (MRW) 169.30p +1.20%WPP (WPP) 1,194.00p +1.19%International Consolidated Airlines Group SA (CDI) (IAG) 319.70p +1.11%FTSE 100 - FallersSchroders (SDR) 2,214.00p -2.64%Smiths Group (SMIN) 1,251.00p -2.27%Reckitt Benckiser Group (RB.) 5,015.00p -2.15%SABMiller (SAB) 3,119.50p -2.09%BG Group (BG.) 1,161.00p -1.78%Vodafone Group (VOD) 192.55p -1.74%Diageo (DGE) 1,709.00p -1.67%Tullow Oil (TLW) 715.50p -1.65%InterContinental Hotels Group (IHG) 2,201.00p -1.61%Aviva (AV.) 494.50p -1.59%BC