British American Tobacco Retreats as FTSE 100 Falls 60 Points on Ex-Dividends
The FTSE 100 opened 60 points lower at 10,047, driven by miner sell-offs and eight ex-dividend stocks that removed 12 points from the index. British American Tobacco declined following its dividend detachment alongside Aviva and Prudential.
1. FTSE 100 opens 60 points lower
The FTSE 100 dropped 60 points to open at 10,047, led by declines in mining stocks including Antofagasta (down 4.7%), Fresnillo (down 4.2%) and Anglo American (down 3.2%).
2. BTI falls on dividend detachment
British American Tobacco was among eight FTSE 100 firms going ex-dividend, contributing to a 12-point drag on the index as its share price fell on dividend detachment alongside Aviva and Prudential.
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