FTSE 100 movers: RBS hit by rating cut; Gold price rise buffs miners
Shares in Royal Bank of Scotland plunged after Morgan Stanley cut its rating on the stock to ‘equal weight’ from ‘"overweight’ and reduced its earnings forecast by a third for 2017, and by a quarter for 2018.
BHP Billiton was in the red as its plans to settle claims over the 2015 Samarco mine disaster suffered a blow on Friday when a Brazilian court reinstated a AUD$8bn public civil claim.
WPP jumped after the advertising giant said it has agreed to invest in Woven Digital, a US media company aimed at millennials.
Randgold and Fresnillo gained as gold and silver prices rose.
Market Movers
FTSE 100 (UKX) 6,552.01 0.73%
FTSE 100 - Risers
Fresnillo (FRES) 1,749.00p 6.39%
Randgold Resources Ltd. (RRS) 8,800.00p 4.64%
TUI AG Reg Shs (DI) (TUI) 888.00p 4.29%
WPP (WPP) 1,618.00p 4.25%
Johnson Matthey (JMAT) 2,920.00p 4.25%
St James's Place (STJ) 816.50p 4.01%
Paddy Power Betfair (PPB) 8,140.00p 3.10%
InterContinental Hotels Group (IHG) 2,828.00p 2.72%
Persimmon (PSN) 1,485.00p 2.63%
Sky (SKY) 869.00p 2.48%
FTSE 100 - Fallers
Sage Group (SGE) 629.00p -2.56%
Antofagasta (ANTO) 454.00p -2.49%
Travis Perkins (TPK) 1,438.00p -2.44%
Royal Bank of Scotland Group (RBS) 168.40p -1.86%
BHP Billiton (BLT) 926.50p -1.73%
Hammerson (HMSO) 530.00p -1.49%
Mediclinic International (MDC) 1,079.00p -1.46%
ARM Holdings (ARM) 1,115.00p -1.41%
GlaxoSmithKline (GSK) 1,590.00p -0.90%
Intu Properties (INTU) 287.70p -0.83%