FTSE 100 movers: Ex-dividends dominate

9th Feb 2011 13:07

Footsie is down today but the fallers are dominated by shares going ex-dividend. They include International Power, GlaxoSmithkline, Royal Dutch Shell and Sage. International Power is paying a 92p a share special dividend as part of the merger with GDF Suez. The share price has fallen less than the special dividend. GlaxoSmithkline is paying a 19p a share fourth quarter dividend but the share price has fallen much more than that. Royal Dutch Shell B shares have fallen slightly more than the 26.82p a share fourth quarter dividend. Accounting software supplier Sage's share price has fallen roughly in line with the 5.22p a share final dividend. Reckitt Benckiser, the maker of household products such as Dettol and Cillit Bang, enjoyed strong profit growth in 2010 as developing markets offset a decline in Europe, but earnings fell short of expectations. Societe Generale has raised Prudential from hold to buy. Aerospace-related businessm such as GKN and BAE, are strong after Nomura said that it expects commercial aerospace shares to perform well. FTSE 100 - Risers Whitbread (WTB) 1,840.00p +2.62%Prudential (PRU) 733.00p +2.45%Morrison (Wm) Supermarkets (MRW) 284.60p +2.34%Resolution Ltd. (RSL) 273.00p +2.32%Smiths Group (SMIN) 1,435.00p +2.28%GKN (GKN) 214.60p +2.00%BAE Systems (BA.) 351.90p +1.71%BG Group (BG.) 1,491.50p +1.46%Severn Trent (SVT) 1,462.00p +1.39%IMI (IMI) 913.50p +1.33%FTSE 100 - Fallers International Power (IPR) 337.30p -19.84%Reckitt Benckiser Group (RB.) 3,247.00p -5.75%Essar Energy (ESSR) 506.50p -4.07%GlaxoSmithKline (GSK) 1,172.50p -2.21%Kazakhmys (KAZ) 1,588.00p -2.10%International Consolidated Airlines Group SA (IAG) 262.80p -1.98%Sage Group (SGE) 291.40p -1.85%Burberry Group (BRBY) 1,181.00p -1.58%Royal Dutch Shell 'B' (RDSB) 2,137.50p -1.57%Vedanta Resources (VED) 2,377.00p -1.53%