FTSE 100 movers: Vedanta retreats into last place

LONDON (ShareCast) - Vedanta Resources (EUREX: VR9F.EX - news) fell into the bottom spot, pulling back after yesterday's 7% surge on the back of speculation that it is looking to merge its two Indian subsidiaries, Sterlite and Sesa Goa (BSE: SESAGOA.BO - news) . Credit Suisse (NYSEArca: CSMA - news) has said today that "any progress on restructuring or minority buy-outs would be a strong positive", but any such move wouldn't be easy - the broker highlighted Vedanta's attempt in 2008 to restructure KCM and Sterlite which met "significant resistance" and did not complete. Meanwhile RBC has downgraded its rating on Vedanta today from 'outperform' to 'sector perform'. Cillit Bang maker Reckitt Benckiser (LSE: RB.L - news) was another of the day's big fallers after going ex-dividend today, joined by Barclays (LSE: BARC.L - news) and Carnival (NYSE: CCL - news) who were falling for the same reason. Meanwhile, consumer packaging firm Rexam (Dusseldorf: 948922.DU - news) was a high after it saw underlying profits growth race ahead of sluggish sales growth on the back of a better than expected performance in its Beverage Cans business, primarily in Europe (Chicago Options: ^REURUSD - news) . The total dividend for the year has been ramped up 20% to 14.4p from 12.0p the year before, well ahead of market expectations of 13.25p. As well, investors cheered the packaging maker's plans to spin off its personal care business. FTSE 100 (Euronext: VFTSE.NX - news) - Risers Rexam (Xetra: 860000 - news) (REX) 409.10p +6.43% Capita (CPI (Berlin: CEJ.BE - news) ) 669.50p +3.56% Essar Energy (Dusseldorf: 11224817.DU - news) (ESSR) 126.70p +3.01% Meggitt (Xetra: 395760.DE - news) (MGGT) 388.80p +2.13% Smiths Group (LSE: SMIN.L - news) (SMIN) 1,066.00p +1.81% Petrofac Ltd. (PFC) 1,583.00p +1.09% BAE Systems (LSE: BA.L - news) (BA.) 323.90p +1.03% BG Group (Hamburg: BGO.HM - news) (BG.) 1,495.00p +0.98% Diageo (Other OTC: DGEAF.PK - news) (DGE) 1,496.50p +0.88% Wolseley (Berlin: WLY1.BE - news) (WOS) 2,440.00p +0.87% FTSE 100 - Fallers Vedanta Resources (VED) 1,385.00p -4.68% International Consolidated Airlines Group SA (IAG) 166.00p -2.30% Reckitt Benckiser Group (RB.) 3,503.00p -2.10% Barclays (BARC) 243.50p -1.72% Man Group (LSE: EMG.L - news) (EMG) 132.60p -1.63% Marks & Spencer Group (MKS (Other OTC: MKSBF.PK - news) ) 349.40p -1.55% Carnival (EUREX: CCLF.EX - news) (CCL) 1,912.00p -1.54% Land Securities Group (LAND) 673.50p -1.39% Vodafone Group (VOD) 173.35p -1.39% Next (Xetra: 779551 - news) (NXT (Other OTC: NXXTF.PK - news) ) 2,732.00p -1.26% NR