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Financial News

Tuesday July 1, 02:39 PM
FTSE 100 movers: Hammering for blue chips

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LONDON (ShareCast) - Barely a handful of blue chips were in the blue in the afternoon as a combination of oil worries, economics concerns and dreadful manufacturers' data for June sent investors ducking for cover.

Wolseley (LSE: WOS.L
- news)
suffers again as Goldman Sachs (NYSE: GS - news) cut its price target on the building supplies group to 346p from 465p and reiterated its 'sell' recommendation.

International Power (IPWG.PK - news) is one of only three risers after Credit Suisse added the power station operator to its Europe focus list citing its defensive qualities.

FTSE 100 - Risers Reckitt Benckiser Group (RB.) 2,574.00p +1.14% RSA Insurance Group (RSA) 126.70p +0.88% International Power (IPR) 433.25p +0.29% Cable & Wireless (CW.) 151.10p +0.20% BT Group (LSE: BT-A.L - news) (BT.A) 200.25p +0.18% Hammerson (HMSO) 894.00p +0.17% British Energy Group (BGY) 713.00p +0.07%

FTSE 100 - Fallers Eurasian Natural Resources (ENRC) 1,183.00p -11.25% Ferrexpo (FXPO) 358.50p -9.24% Carphone Warehouse Group (CPW) 181.40p -8.34% Wolseley (WOS) 351.00p -6.77% Royal Bank of Scotland Group (RBS (LSE: RBS.L - news) ) 200.50p -6.74% Kazakhmys (LSE: KAZ.L - news) (KAZ) 1,489.00p -6.47% Next (NXT) 909.50p -6.19% London Stock Exchange Group (LSE) 733.00p -6.03%

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