FTSE 100 movers: Barclays and Glencore fall after annual results, Taylor Wimpey higher

Shares in Barclays fell after the bank set aside a total of £1.25bn for provisions to cover litigation costs related to ongoing probes into mis-selling PPI and rigging foreign exchange rates. The news came as Barclays reported a pre-tax loss of £532m for the fourth quarter.

Commodities trader and mining group Glencore was leading miners lower after posting a 2% decline in operating profits in 2014 and slashing its investment budget for this year. Sector peers BHP Billiton and Fresnillo were also falling.

Meanwhile, house builder Taylor Wimpey was trading higher after doubling its dividend payment, unveiling 54% operating profit growth in 2014 and enjoying better-than-expected trading in the New Year.

Builders merchant Travis Perkins was among the fallers after disappointing with a cautious outlook for the UK housing market.

Shares in RSA Insurance were under the weather after Bernstein analysts lowered their rating on the stock from ‘outperform’ to ‘market perform’, while Intertek was downgraded by HSBC from ‘overweight’ to ‘neutral’.

Smith & Nephew declined after announcing the purchase of EuroCiencia Colombia, its sole distributor for orthopaedic reconstruction, trauma and sports medicine products in Colombia.

Centrica was boosted by an upgrade from analysts at Macquarie from ‘neutral’ to ‘outperform’.

Risers
Hargreaves Lansdown (HL.) 1,186.00p +2.24%
Taylor Wimpey (TW.) 148.10p +2.21%
Morrison (Wm) Supermarkets (MRW) 203.00p +2.11%
Coca-Cola HBC AG (CDI) (CCH) 1,173.00p +1.21%
SABMiller (SAB) 3,689.00p +0.97%
Centrica (CNA) 248.90p +0.97%
Associated British Foods (ABF) 3,112.00p +0.88%
Tullow Oil (TLW) 360.40p +0.87%
British Land Co (BLND) 851.50p +0.77%
Imperial Tobacco Group (IMT) 3,221.00p +0.75%

Fallers
Smith & Nephew (SN.) 1,138.00p -5.09%
Glencore (GLEN) 291.20p -3.11%
RSA Insurance Group (RSA) 421.10p -3.04%
Barclays (BARC) 256.00p -2.57%
Intertek Group (ITRK) 2,500.00p -2.42%
Travis Perkins (TPK) 1,981.00p -2.17%
Royal Dutch Shell 'A' (RDSA) 2,045.50p -2.13%
Fresnillo (FRES) 795.00p -2.03%
Royal Bank of Scotland Group (RBS) 370.70p -2.01%