FTSE 100 movers: Financial dividend payers head decline

16th Mar 2011 13:11

Financials are heading the fallers in the Footsie today. The two biggest fallers in the FTSE 100 index have gone ex-dividend. HSBC has fallen by more than double its dividend of 7.66p a share. Standard Life has not declined quite as much as its final dividend payment of 8.65p a share. HSBC and Standard Chartered have closed all their branches in Bahrain because of the unrest in the Middle East state. Tullow Oil has signed a Memorandum of Understanding (MoU) with the Government of Uganda that should bring an end to the conflict over taxation and enable Tullow to push ahead with developing its Ugandan assets. This has perked up the shares but no details of the agreement have been published. Associated British Foods has been upgraded from neutral to outperform by Credit Suisse. Luxury goods supplier Burberry has clawed back some of its losses from earlier in the week. FTSE 100 - Risers 3i Group (III) 291.70p +2.46%Associated British Foods (ABF) 962.00p +2.34%Tullow Oil (TLW) 1,379.00p +2.22%Burberry Group (BRBY) 1,130.00p +1.80%Next (NXT) 1,930.00p +1.31%Kazakhmys (KAZ) 1,329.00p +1.30%Reed Elsevier (REL) 514.50p +1.28%ICAP (IAP) 501.00p +1.19%Scottish & Southern Energy (SSE) 1,203.00p +1.18%Legal & General Group (LGEN) 113.20p +1.16%FTSE 100 - Fallers Standard Life (SL.) 202.20p -4.03%HSBC Holdings (HSBA) 629.10p -2.62%Schroders (Non-Voting) (SDRC) 1,318.00p -2.59%G4S (GFS) 252.90p -2.20%Barclays (BARC) 286.25p -1.97%Aggreko (AGK) 1,491.00p -1.91%Petrofac Ltd. (PFC) 1,356.00p -1.88%BAE Systems (BA.) 311.10p -1.86%Standard Chartered (STAN) 1,538.50p -1.82%Prudential (PRU) 682.50p -1.80%