The FTSE 100 index is down 4 points to 4,144 after insurer Prudential cut its dividend for all share...
The FTSE 100 index is down 4 points to 4,144 after insurer Prudential cut its dividend for all shareholders for the first time since 1914.
Prudential leads today's losers, so far, having shed 15.75p to 419p as investors looked for better returns from other stocks.
Aviva is not one of them, as it too slipped this morning, shedding 9.75p to 488p – its dividend was cut 40% last year.
R&SA is down 1.75p to 150p, and Friends Provident is down 1.25p to 124.5p.
Cadbury Schweppes in contrast leads the gainers with a 14.25p rise to 380p after an analyst upgrade from Merrill Lynch said the stock was a "buy".
Northern Rock is up 6.5p to 715p after Credit Suisse First Boston raised its share price target to 925p.
The FTSE 250 index is down 1 point to 5,254.
St James' Place has reported a 45% drop in first-half operating profit, resulting in a 6p drop to 104p.
Isis Asset Management, another financial services company, saw its shares drop another 6p to 201.5p following yesterday's results, which showed a fall in profit because of the costs associated with bedding down last year's acquisition of Royal & Sun Alliances asset management business.
United Business Media, the publisher, is up 39.75p to 382.75p on its results, however, as cost-cutting narrowed losses in its first half just reported.
Yesterday, stocks in New York fell slightly, sending the Dow Jones Industrial Average index down 18.06 points to 9,266.51.
The S&P 500 index dropped 2.16 points to 996.52, although Nasdaq's Composite index gained 4.66 points to 1,735.36.
Tokyo's Nikkei 225 index shed 5.60 points to 9,834.31 earlier today, while Hong Kong's Hang Seng is up 71 points to 10,206 ahead of the close.
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