The FTSE 100 Index closed down 38.60 points, or 0.7%, at 5,818.80 points today as blue-chips including Royal Bank of Scotland went ex-dividend and miners fell on lower metal prices.
Royal Bank of Scotland, ex-dividend today, fell 2.78% to 1,852p following reports it is in exclusive talks with leisure group Whitbread to buy hotels worth £1bn.
The market was also brought lower with Anglo American, Lloyds TSB and Aviva all going ex-dividend. Anglo American shares dropped 2.93% to 1,990p, Lloyds TSB fell 4.05% to 521.25p and Aviva declined 3.48% to 789.50p.
Miners extended yesterday's slide on metal prices. Kazakhmys dropped 3.45% to 826p, Xstrata was 1.95% lower at 1,659p, Rio Tinto fell 1.60% to 2,588p and BHP Billiton lost 1.93% to 916.50p.
Meanwhile, Provident Financial jumped 6.18% to 644.50p on news it is considering a demerger to separate its UK and international arms.
In the US, the Dow Jones Industrial Average has lost 24.98 points, or 0.2%, to 10,955.71 points on concern the Federal Reserve will keep raising interest rates.
Google has fallen $8.38 to $356.07 after it said it mistakenly posted a revenue projection in notes prepared ahead of last week's analyst meeting. Google said advertising sales this year may rise to $9.5bn from $6bn in 2005, missing some analysts' projections.
Dynegy, an owner of power plants in 12 US states, said that its fourth-quarter loss from power sales before interest, taxes, depreciation and amortization widened to $454m from $261m. The stock has dropped 37 cents, or 7.5%, to $4.69.IFAonline
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation