National Grid, Vodafone and M&S prices fall

<p>A positive day yesterday saw the FTSE close up 51 points and the Dow Jones close up 128 points. The markets have started flatter here […]</p>

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  • A positive day yesterday saw the FTSE close up 51 points and the Dow Jones close up 128 points. The markets have started flatter here in Europe today.
  • The FTSE is down 3 points at 5986 and Dow Jones Futures are currently down 10 points so far.
  • Dividend factors knocked 16.83 points off the FTSE Index today, with National Grid, Vodafone and M&S amongst others losing their dividend attraction.
  • These are the three biggest fallers, down 3.5% and 2.5% respectively.
  • Rio Tinto is the biggest gainer, up 1.5% currently as Citigroup gave it a favourable outlook and as peer BHP Billiton received an income tax credit of $580million from the Australian government.
  • At 9.30am (UK time) manufacturing data will be released in the UK while at 1.15pm (UK time) we have US ADP non-farms employment change – a precursor to Friday’s big non-farm payrolls data.

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