FTSE 100 movers: Ex-dividend adjustments knock market

5th May 2010 16:00

Footsie is making an attempt to recover this afternoon but it remains well down. This is despite a recovery in the BP share price after Panmure Gordon upgraded the oil company from a sell to a buy. BP shares went ex-dividend today so the rise is even more impressive. The quarterly dividend is 9.22p a share. The fallers are dominated by shares going ex-dividend. All of the share prices have fallen further than the ex-dividend adjustment would warrant on its own. Miner Antofagasta is paying a final dividend of 3.71p a share and a special dividend of 8.66p a share, DIY retailer Kingfisher is paying 3.58p a share, Wm Morrison Supermarkets is paying a dividend of 7.12p a share and Bunzl is paying 14.9p a share.International Power shares have fallen on the back of a downgrade from buy to hold by Deutsche Bank. FTSE 100 - RisersFresnillo (FRES) 786.50p +3.01%BHP Billiton (BLT) 1,888.50p +1.26%Randgold Resources (RRS) 5,455.00p +0.74%BP (BP.) 562.20p +0.66%Rio Tinto (RIO) 3,183.50p +0.66%Burberry Group (BRBY) 665.00p +0.45%BG Group (BG.) 1,068.50p +0.38%Home Retail Group (HOME) 269.50p +0.22%United Utilities Group (UU.) 537.00p +0.19%Capita Group (CPI) 811.50p +0.19%FTSE 100 - FallersKazakhmys (KAZ) 1,232.00p -5.23%Whitbread (WTB) 1,450.00p -4.61%International Power (IPR) 320.90p -3.60%Man Group (EMG) 227.80p -3.52%Morrison (Wm) Supermarkets (MRW) 279.80p -3.28%Next (NXT) 2,183.00p -3.28%Kingfisher (KGF) 233.30p -3.24%Antofagasta (ANTO) 883.50p -3.18%Bunzl (BNZL) 736.50p -3.09%Royal Dutch Shell 'B' (RDSB) 1,843.50p -3.08%