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FTSE 100 movers: Footsie ahead despite ex-dividends
Thu, 09 Feb, 2012
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FTSE 100 movers: Footsie ahead despite ex-dividends
Wed, 10 Mar 2010, 16:33:00
Resources companies and banks are heading the risers on the Footsie, while the forward momentum has been held back by a raft of companies going ex-dividend. Rising copper prices have boosted the shares of
Fresnillo
,
Eurasian Natural Resources
and
Xstrata
. RBS upgraded oil services provider
Petrofac
from hold to buy. The sum of the parts valuation has been increased from 1,025p a share to 1,230p a share. Petrofac is spinning off its oil and gas assets in EnQuest and RBS believes that this is the equivalent of distributing $600m to shareholders. The fallers are dominated by companies whose shares have gone ex-dividend. These include
British American Tobacco
,
Schroders
,
Admiral
and
TUI Travel
. Schroders fell by more than its dividend payment but the rest have declined less than the value of the dividend.
FTSE 100 - Risers
Petrofac Ltd (PFC) 1,165.00p +4.48% Lloyds Banking Group (LLOY) 55.38p +4.14% ICAP (IAP) 368.60p +3.95% British Airways (BAY) 231.60p +3.76% Royal Bank of Scotland Group (RBS) 40.35p +3.51% Fresnillo (FRES) 866.50p +3.15% Eurasian Natural Resources (ENRC) 1,141.00p +2.79% Invensys (ISYS) 342.50p +2.70% Xstrata (XTA) 1,209.50p +2.59% Vedanta Resources (VED) 2,727.00p +2.48%
FTSE 100 - Fallers
British American Tobacco (BATS) 2,234.50p -3.12% Schroders NV (SDRC) 1,128.00p -2.59% Schroders (SDR) 1,354.00p -2.45% TUI Travel (TT.) 277.50p -1.80% Admiral Group (ADM) 1,241.00p -1.43% BAE Systems (BA.) 377.00p -0.89% Bunzl (BNZL) 707.00p -0.84% Inmarsat (ISAT) 762.00p -0.78% Man Group (EMG) 247.80p -0.64% Kingfisher (KGF) 217.10p -0.60%
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