FTSE 100 movers: House builders PMI woes; Anglo American broker boost

Housebuilders dominated the FTSE 100 fallers on Monday after data showed the UK manufacturing sector contracted more than expected in July on the back of pre- and post-EU referendum uncertainty.

Market Movers

The Markit/CIPS UK manufacturing purchasing managers’ index fell to 48.2 from 52.4 in June and came in weaker than the flash estimate of 49.1, marking the lowest level since February 2013. A level below 50 signals a contraction in sector activity while a reading below that indicates an expansion.

The news hit house builders Taylor Wimpey, Barratt Developments, Berkeley Group and Persimmon.

Elsewhere in the fallers, Barclays declined after revealing that its Tier 1 capital ratio fell to 7.3% from a 2015 year-end position of 11.4% under the stress test. Royal Bank of Scotland's ratio fell by 7.5 percentage points to 8.1%.

Going the other way, Anglo American got a boost as RBC Capital Markets upgraded the stock to ‘outperform’ from ‘sector perform’ and lifted the price target to 1,000p from 800p saying the tide is turning for the investment case.

Other miners followed, with BHP Billiton, Rio Tinto and Randgold Resources all up.

Shire has received US regulatory approval for an improved haemophilia-A treatment developed by recently acquired Baxalta.

The US Food and Drug Administration (FDA) approved the Baxject III reconstitution system for Adynovate, a new preparation for the recombinant antihemophilic which reduces the number of steps in the reconstitution process for hemophilia A patients and caregivers.

FTSE 100 (UKX) 6,697.29 -0.40%

FTSE 100 - Risers

Anglo American (AAL) 850.20p 2.37%
BHP Billiton (BLT) 965.00p 2.15%
Hikma Pharmaceuticals (HIK) 2,684.00p 1.90%
Rio Tinto (RIO) 2,503.00p 1.69%
Associated British Foods (ABF) 2,734.00p 1.60%
DCC (DCC) 6,815.00p 1.04%
Randgold Resources Ltd. (RRS) 8,965.00p 1.01%
Compass Group (CPG) 1,450.00p 0.97%
Shire Plc (SHP) 4,912.00p 0.84%
Old Mutual (OML) 212.30p 0.81%

FTSE 100 - Fallers

Taylor Wimpey (TW.) 149.30p -3.49%
Berkeley Group Holdings (The) (BKG) 2,605.00p -2.91%
Intertek Group (ITRK) 3,524.00p -2.79%
Morrison (Wm) Supermarkets (MRW) 180.90p -2.64%
Barratt Developments (BDEV) 426.10p -2.61%
International Consolidated Airlines Group SA (CDI) (IAG) 395.90p -2.49%
BT Group (BT.A) 403.30p -2.43%
Barclays (BARC) 150.95p -2.33%
Persimmon (PSN) 1,650.00p -2.19%
Royal Dutch Shell 'B' (RDSB) 1,959.00p -2.15%