FTSE 100 Dips Amid Corporate Update Assessments and Ex-Dividend Trades
London's FTSE 100 index slipped by 0.3% on Thursday as investors evaluated corporate updates and several top players traded ex-dividend. Retailers and real estate sectors led the losses, while non-life insurers and the automobile sector saw gains. Key earnings updates from companies like Beazley and Entain influenced market movements.
![FTSE 100 Dips Amid Corporate Update Assessments and Ex-Dividend Trades](https://devdiscourse.blob.core.windows.net/aiimagegallery/29_07_2024_16_03_31_980039.png)
London's FTSE 100 registered a 0.3% decline on Thursday, reflecting global market sentiment and recent corporate updates. Investors navigated a complex landscape as many top players in the index traded without entitlement to their dividend payouts.
The day saw the loss extend across both the blue-chip FTSE 100 and mid-cap FTSE 250 indices. Retailers faced a 1.1% drop, and real estate shares weighed heavily on the benchmark index. Ex-dividend trades from big names like AstraZeneca and BP also contributed to the downtrend, with some heavyweights sliding between 0.5% and 1.8%.
Yet, amidst the losses, non-life insurers inched up 1.6% buoyed by Beazley's impressive 10% gain following a forecast upgrade. The automobile sector also showed resilience, leading sectoral gains with TFI Fluid Systems posting an 11% rise. Elsewhere, the British job market continued to cool, impacting discussions at the Bank of England on future interest rate cuts. Among individual stocks, Entain advanced by 5.1% after raising its annual forecast, while Hikma Pharmaceuticals soared 8.3%.
(With inputs from agencies.)