The UK's benchmark stock index eventually closed the day just above its starting position, despite pressure from drinks firms Diageo and Scottish & Newcastle trading ex-dividend, as British American Tobacco received a boost against the threat of legal action.
The FTSE 100 index added 9.4 points or 0.2% to 5,347.4 by close of business after British American Tobacco saw its share price climb today. The US appeal courts have dismissed legal action against the tobacco giant for apparent smuggling of cigarettes to avoid paying taxes and customs duties. As a result, BAT closed the day up 17p or 1.47% to £11.72 while its rival Gallaher also rose 9p or 1.05% to 864p. Other earners today included Mining giant Anglo American which closed up 14p or 0.98% to £14.47 and its rival Rio Tinto, adding 32p or 1.62% to £20.07. Power provider International...
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