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FTSE slips on ex-div trading, U.S.-China trade deal doubts

Published 28/11/2019, 09:39
© Reuters.  FTSE slips on ex-div trading, U.S.-China trade deal doubts
UK100
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HSBA
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VOD
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JMAT
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FTMC
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FTNMX551030
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STOXX
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VMUK
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 0.5%, FTSE 250 flat

* Stocks trading ex-dividend weigh

* Trade worries persist after Trump signs HK legislation

* Virgin Money UK surges on mid-caps

Nov 28 (Reuters) - London's FTSE 100 retreated from a near

four-month high on Thursday, weighed down by a handful of stocks

trading ex-dividend, subdued U.S.-China trade deal hopes, and a

firmer pound.

The blue-chip index .FTSE fell 0.5% by 0810 GMT,

underperforming the European benchmark .STOXX , with Vodafone

VOD.L and chemicals firm Johnson Mathey JMAT.L shedding over

3% each as they traded without entitlement to dividend pay-out.

Asia-focussed HSBC HSBA.L and miners .FTNMX1770 also

dragged on the blue-chip bourse, after tensions between the

United States and China over the Hong Kong situation threatened

to derail hopes of progress in their trade talks. The FTSE 250 .FTMC , which scaled a near 1-1/2 year high in

the previous session, was flat. Clydesdale and Yorkshire Bank

owner Virgin Money UK VMUK.L jumped 13%, which analysts cited

to reassuring 2020 forecast.

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