FTSE 100 movers: Lloyds MBNA buy pleases; miners lose shine

Lloyds Banking Group was in the black after announcing the acquisition of credit card business MBNA from Bank of America for £1.9bn.

The price includes £0.8bn of acquired equity and assumes £240m for future PPI claims. Lloyds said it would take it's share of the UK credit card market to 26% from 15%.

The deal will deliver a £650m, or 4%, a year (c.4%) increase to group revenues and will enhance group net interest margin by around 10 basis points annually.

On the downside, Randgold Resources and Fresnillo were on the back foot as gold and silver prices fell.

Market Movers

FTSE 100 (UKX) 7,040.32 0.33%

FTSE 100 - Risers

Lloyds Banking Group (LLOY) 64.30p 2.80%
Mediclinic International (MDC) 756.00p 2.37%
Barclays (BARC) 227.05p 2.25%
Carnival (CCL) 4,109.00p 2.14%
Prudential (PRU) 1,590.50p 1.96%
Ashtead Group (AHT) 1,559.00p 1.63%
Anglo American (AAL) 1,140.50p 1.42%
Legal & General Group (LGEN) 243.90p 1.37%
Royal Bank of Scotland Group (RBS) 226.00p 1.30%
Rio Tinto (RIO) 3,088.50p 1.26%

FTSE 100 - Fallers

Hikma Pharmaceuticals (HIK) 1,807.00p -2.90%
Fresnillo (FRES) 1,090.00p -2.15%
Randgold Resources Ltd. (RRS) 5,605.00p -1.75%
Dixons Carphone (DC.) 340.40p -1.28%
BT Group (BT.A) 367.00p -1.18%
Burberry Group (BRBY) 1,458.00p -1.09%
Imperial Brands (IMB) 3,522.00p -0.87%
Croda International (CRDA) 3,181.00p -0.84%
Sky (SKY) 987.00p -0.80%
Babcock International Group (BAB) 941.00p -0.79%