As heavyweights AstraZeneca, GlaxoSmithKline, Shell, and BP all go ex-dividend
City Index August 8, 2012 9:47 PM
<p>As heavyweights AstraZeneca, GlaxoSmithKline, Shell, and BP all go ex-dividend, taking 25.41 points off the index, the FTSE 100 snaps its winning streak to currently […]</p>
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- As heavyweights AstraZeneca, GlaxoSmithKline, Shell, and BP all go ex-dividend, taking 25.41 points off the index, the FTSE 100 snaps its winning streak to currently lie five points lower at 5807, having previously been considerably below the 5800 level.
- Across Europe we see indexes generally lower, with the German DAX down a quarter per cent and the French CAC down around half per cent.
- With ex-dividend stocks at the top of the biggest fallers this morning, we also see Smiths Group down 2.7% as the technicals make the stock overbought.
- On a more positive note we see Standard Chartered recovering some of yesterday’s losses, up around 6%, having fallen 22% since the allegations and the fear of having their US banking licence revoked.
- Later we have UK inflation figures and Mervyn King is speaking so we are likely to see some movement around 9.30am this morning.
- With no major macro data out from the US, attention will be on the Olympics and Britain’s chance for another gold in the show jumping.
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