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FTSE 100 movers: Lloyds tipped to be dividend heavyweight, Rolls-Royce dips despite new contracts

LONDON (ShareCast) - (ShareCast News) - The FTSE 100 peaked at around 0915 BST, but then declined 64.83 points (1.07%) to 5967.41 by mid-afternoon Thursday. Lloyds Banking Group (Other OTC: LLOBF - news) surged on the news that fund manager Alex Wright tipped the bank to become a dividend heavyweight over the next two years. That sent stock prices up over 1.7%.

Relx (LSE: REL.L - news) benefitted from Bank of America (Swiss: BAC.SW - news) recommending buying shares of the information-solutions provider, which lifted the stock up 1.68%.

Next (Other OTC: NXGPF - news) also rose after Nomura upgraded the retailer from 'neutral' to 'buy'. It (Other OTC: ITGL - news) also lifted the price target from 7,600p to 8,000p.

However technology company Smiths Group (Other OTC: SMGKF - news) failed to impress traders as CEO Philip Bowman prepared to step down following the full-year results announced Wednesday.

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And the market wasn't too impressed with Rolls-Royce , after EDF Energy announced the engineering group is set to supply heat exchangers to be used at the Hinkley Point C nuclear power station - a contract worth over £25m. It also won a second contract in partnership with Nuvia valued at more than £75m to design, procure, install and commission two systems for the treatment and waste processing of reactor coolant.

FTSE 100 - Risers Lloyds Banking Group (LLOY) 74.20p +1.71% Relx plc (REL) 1,088.00p +1.68% Imperial Tobacco Group (IMT) 3,442.00p +1.27% Whitbread (WTB) 4,652.00p +1.17% National Grid (LSE: NG.L - news) (NG.) 871.10p +1.06% Associated British Foods (LSE: ABF.L - news) (ABF) 3,171.00p +0.99% Taylor Wimpey (LSE: TW.L - news) (TW.) 201.90p +0.90% Intu Properties (Other OTC: CCRGF - news) (INTU (Swiss: OXIGTU.SW - news) ) 319.00p +0.89% Next (EUREX: NXTI.EX - news) (NXT) 7,560.00p +0.87% Persimmon (PSN) 2,092.00p +0.87% FTSE 100 - Fallers Glencore (Amsterdam: GX8.AS - news) (GLEN) 100.75p -7.65% Anglo American (LSE: AAL.L - news) (AAL) 625.50p -4.95% Smiths Group (SMIN) 992.00p -4.52% Rolls-Royce Holdings (RR.) 650.00p -4.34% Old Mutual (Other OTC: ODMTY - news) (OML) 184.40p -4.06% Aberdeen Asset Management (Other OTC: ABDNF - news) (ADN) 304.80p -2.50% Antofagasta (LSE: ANTO.L - news) (ANTO) 512.50p -2.29% HSBC Holdings (HKSE: 0005.HK - news) (HSBA) 487.85p -2.19% BHP Billiton (NYSE: BBL - news) (BLT) 1,019.00p -2.16% CRH (CRH (EUREX: 558474.EX - news) ) 1,794.00p -2.13%