FTSE 100 movers: Banks decline on calls for operations to be divided

11th Mar 2013 15:09

Barclays and RBS were both in the biggest fallers after the Parliamentary Commission on Banking Standards called for British banks to be forced to divide its routine retail operations from investment operations. The panel is looking for ways to bring about banking reform as part of the Banking Reform Bill, which is set to be debated in parliament at the start of next week.Miners were hit by data from economic powerhouse China, which showed that industrial production weakened in February. Evraz and Kazakhmys both made suffered a significant decline. Accountancy software giant Sage suffered a steep fall on Monday after Bank of America Merrill Lynch downgraded its rating for the stock from 'neutral' to 'underperform'. The broker said in a research note that investors should remain cautious as to whether Sage can pull off its move to cloud computing. Meanwhile, drinks company SABMiller rose following a reported target upgrade from RBC Capital markets, while British American Tobacco similarly climbed following reports that Investec Securities had lifted its target price to 3,800p from 3,350p. Aggreko was also lifted by an upgrade from Investec to 'buy'. FTSE 100 - RisersMelrose Industries (MRO) 267.70p +2.72%Antofagasta (ANTO) 1,098.00p +2.71%SABMiller (SAB) 3,474.50p +2.04%British American Tobacco (BATS) 3,625.50p +1.78%Aggreko (AGK) 1,911.00p +1.70%Serco Group (SRP) 636.50p +1.60%Morrison (Wm) Supermarkets (MRW) 267.00p +1.52%United Utilities Group (UU.) 722.00p +1.48%Pearson (PSON) 1,177.00p +1.03%BHP Billiton (BLT) 2,118.00p +1.00%FTSE 100 - FallersEvraz (EVR) 259.00p -3.18%Barclays (BARC) 309.95p -2.71%Kazakhmys (KAZ) 519.00p -2.54%Royal Bank of Scotland Group (RBS) 299.00p -2.35%Sage Group (SGE) 342.30p -2.03%GKN (GKN) 277.40p -1.94%Carnival (CCL) 2,491.00p -1.50%Land Securities Group (LAND) 835.50p -1.42%Wolseley (WOS) 3,235.00p -1.40%WPP (WPP) 1,073.00p -1.38%NR