Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

FTSE 100 little changed as several stocks trade ex-dividend; industrials rise

FTSE 100 little changed as several stocks trade ex-dividend; industrials rise
FILE PHOTO: Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson -
Copyright
SIMON DAWSON(Reuters)
Euronews logo
Text size Aa Aa

(Reuters) – London’s FTSE 100 was roughly flat on Thursday, as gains in large industrial stocks after upbeat forecasts from European peers and encouraging news on U.S.-China trade talks offset a drop in several stocks trading ex-dividend.

A drop in stocks trading without dividend entitlement such as BHP <BHPB.L> and Glencore <GLEN.L> counteracted a results-driven 5.2% jump in turnaround specialist Melrose <MRON.L>, and left the FTSE 100 <.FTSE> struggling for clear direction in early dealings.

Industrial giants such as BAE Systems <BAES.L> and Rolls-Royce <RR.L> advanced after French engine maker Safran <SAF.PA> raised its annual profit forecast and Rafale warplanes maker Dassault Aviation <AVMD.PA> affirmed its view of higher net sales in 2019.

The FTSE 250 <.FTMC> slipped 0.1% lower by 07159 GMT, partly due to a more than 20% slump in CYBG <CYBGC.L> after the Yorkshire Bank and Virgin Money owner said it expected to increase its provision for legacy payment protection insurance costs.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.