Today, the blue-chip index opened in the red after several companies – including Scottish Mortgage Investment Trust, Vodafone, Imperial Brands and National Grid - went ex-dividend, i.e. when a stock it is traded without the next scheduled dividend. Often, on the ex-dividend date, the share price falls by an amount approximately equal to the dividend to compensate.

Overall, the day remains quiet as Wall STreet is closed for Thanksgiving.

Among stocks,  Dr. Martens dropped after it warned of weaker demand ahead of the Christmas season.

Jet2's profits reached new records at £451 million in the six months to September, fuelled by the post-Covid rebound.

 

Things to read today:

Brussels demands share of London derivatives clearing (Financial Times)

What the Latest Crypto Crash Means for ETFs (Bloomberg)