FTSE 100 Lags, Burberry Down Over 4%

2026-05-14 07:25 By Agna Gabriel 1 min. read

The FTSE 100 traded mostly flat on Thursday, lagging other European markets, as several heavyweight stocks went ex-dividend.

HSBC Holdings, BP, GSK, Tesco and Coca Cola HBC were all trading without entitlement to upcoming payouts, pressuring the benchmark.

Also, Burberry shares fell more than 4% despite reporting quarterly sales that beat estimates, supported by strong demand in China and the Americas, while the company also announced William Jackson as its new chair.

3i shares fell more than 17% after the company said the Middle East conflict would hurt its main investment, Action.

National Grid rose more than 1% after committing at least £70 billion over the next five years to upgrade and expand energy networks across the UK and the US Northeast, despite underlying operating profit missing estimates.

On the economic front, UK GDP grew 0.6% in Q1, beating expectations.

March data also surprised to the upside with growth of 0.3% versus forecasts for a 0.1% contraction.



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FTSE 100 Lags, Burberry Down Over 4%
The FTSE 100 traded mostly flat on Thursday, lagging other European markets, as several heavyweight stocks went ex-dividend. HSBC Holdings, BP, GSK, Tesco and Coca Cola HBC were all trading without entitlement to upcoming payouts, pressuring the benchmark. Also, Burberry shares fell more than 4% despite reporting quarterly sales that beat estimates, supported by strong demand in China and the Americas, while the company also announced William Jackson as its new chair. 3i shares fell more than 17% after the company said the Middle East conflict would hurt its main investment, Action. National Grid rose more than 1% after committing at least £70 billion over the next five years to upgrade and expand energy networks across the UK and the US Northeast, despite underlying operating profit missing estimates. On the economic front, UK GDP grew 0.6% in Q1, beating expectations. March data also surprised to the upside with growth of 0.3% versus forecasts for a 0.1% contraction.
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