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    July 13, 2007

    Miners down after gains

    Filed under: Companies, BG Group, Standard Chartered, Rio Tinto, BHP Billiton, Lonmin, Johnson Matthey, Man Group, Experian, Home Retail, Henderson Group, Bluebay, Smiths Group

    In London on Friday the FTSE 100 was 0.28 percent higher to 6,716.7 and the FTSE 250 gained 0.96 percent to 11,922.9.

    Miners declined after Thursday’s gains, with Rio Tinto (LSE: RIO) seeing the biggest loss of the day on the 100, dropping 2.1 percent to £37.30.

    Elsewhere in the sector, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) was 1.74 percent lower to £15.27 and Lonmin (LSE: LMI) fell 0.66 percent to £42.78.

    Financial services-related shares did better.

    Standard Chartered (LSE: STAN; SEHK: 2888) had the best day on the 100 as it added 2.92 percent to £16.90, while asset manager Henderson Group (LSE: HGI; ASX: HGI) gained 7.95 percent to 176.5p on the 250 for the best performance of the day there.

    Hedge fund manager Man Group (LSE: EMG) was 2.76 percent higher to 633.5p.

    Another asset manager, Bluebay (LSE: BBAX), however, had the poorest performance of the day on the 250 as it dropped 3.35 percent to 455p.

    Other gainers on the day included business services group Experian (LSE: EXPN), which was 2.27 percent higher to 630p.

    Chemicals group Johnson Matthey (LSE: JMAT) added 2.7 percent to £18.28, while in the oil sector BG Group gained 2.2 percent to 877.5p.

    Decliners on the 100 included engineers Smiths Group (LSE: SMIN), which dropped 1.23 percent to £11.28 and Home Retail (LSE: HOME), down 1.37 percent to 450.25p.





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