The FTSE 100 Index has dropped 53.2 points, or 0.9%, to 5645.8 this morning, led by SABMiller and Imperial Tobacco.
SABMiller has slipped 2.69% to 1,084p. The brewer sold 1.8% more beer in its fiscal third quarter and the amount of beer sold in South Africa was "marginally" higher in the three months ended 31 December. Imperial Tobacco Group has lost 3% to 1,640p as its shares are trading without the right to the second-half dividend of 39.5p. Shares of AstraZeneca have also dropped 2.86% to 2,720p on a report it lost a summary judgement over heart drug Toprol XL. And British Airways has declined 1.62% to 319p as oil prices touched four-month highs near $67 a barrel on concerns over supply constric...
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