FTSE 100 movers: Miners lose their lustre; TUI, Royal Mail bounce back

Resources stocks led the Footsie lower on Friday as gold futures continued to come under pressure as the US dollar hovered near 13 year highs.

Miners took seven of the top 10 slots on the fallers list. Led by Fresnillo, which fell 5%. Also down were Randgold, Antofagasta, Anglo American, and Rio Tinto.

Rolls-Royce shares were lower after Emirates Airlines said it was having some unspecified technical issues with engines for A380 jets due for delivery.

Emirates President Tim Clark said there were no plans to defer any deliveries, but some problems needed to be resolved.

“We have a new engine coming on and there are some issues with that at the moment. We want the engines as prescribed in the contract," he told reporters in Germany.

TUI shares were in favour, despite Morgan Stanley downgrading the stock to 'equalweight' as it expects the travel group's heavy investment programme will dilute cash flow and earnings per share.

Royal Mail shares recovered after Thursday's slide. The company reported lower profits and increased its target for cost savings which prompted a sell off.

Market Movers

FTSE 100 (UKX) 6,793.37 -0.02%

FTSE 100 - Risers

Paddy Power Betfair (PPB) 8,825.00p 2.50%
TUI AG Reg Shs (DI) (TUI) 1,024.00p 2.30%
Royal Mail (RMG) 474.00p 2.16%
Whitbread (WTB) 3,596.00p 2.01%
Compass Group (CPG) 1,382.00p 1.92%
Intertek Group (ITRK) 3,247.00p 1.85%
InterContinental Hotels Group (IHG) 3,223.00p 1.64%
WPP (WPP) 1,708.00p 1.55%
Micro Focus International (MCRO) 2,045.00p 1.49%
DCC (DCC) 6,160.00p 1.48%

FTSE 100 - Fallers

Fresnillo (FRES) 1,312.00p -5.20%
Randgold Resources Ltd. (RRS) 5,815.00p -4.44%
Rolls-Royce Holdings (RR.) 671.50p -3.93%
Antofagasta (ANTO) 666.00p -3.13%
Anglo American (AAL) 1,098.50p -2.49%
Polymetal International (POLY) 769.50p -2.41%
Rio Tinto (RIO) 2,957.50p -2.10%
Sky (SKY) 769.50p -1.91%
Glencore (GLEN) 262.90p -1.77%
BT Group (BT.A) 366.80p -1.77%