Ex-dividend stocks pull FTSE 100 down 0.35% to 10,839.59 as Computacenter jumps 4.51%
London equities opened lower as multiple FTSE 100 constituents traded ex-dividend, mechanically dragging the index despite mixed stock-specific moves. A firmer US PCE inflation print lifted short-dated Treasury yields and reinforced "higher-for-longer" rate concerns, weighing on risk assets. Nvidia's results provided a countervailing tailwind for AI-linked names, supporting select tech shares even as broader benchmarks slipped.
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The FTSE 100 slipped 0.35% to 10,839.59, led lower by ex-dividend names including LondonMetric, Glencore and Croda. The FTSE 250 was broadly flat, down 1.65 points. Prudential fell 1.83% after releasing interim results, marking the biggest blue-chip decline driven by earnings.