Loss of dividends for some investors on yet another stock - this time it is the turn of Legal & General - is dragging the stock markets down this morning, as there is little else to inspire confidence.
Considering the news look gloomy for several firms today, the FTSE is holding up considerably well and was down only a fraction to 4561 within the first hour of trading on Wednesday. Legal & General has suffered one of the biggest losses today as investors no longer has the right to a H1 dividend. So far, L&G is trading down 1.75p or 1.7% to 102p. British Airways is also down 2p or 0.85% to 234p after agreeing to sell a £763m stake in rival airline Qantas. And Amvescap, is down 3.25p or 1% to 313p as the money manager has now settled with US regulators in a deal worth $450m in a ca...
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