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* FTSE 100 down 1 pct
* Anglo American, BAT results disappoint
* Ex-divs also weigh
* Though Barclays, Centrica offer relief
* Moneysupermarket.com plummets after update
By Kit Rees
LONDON, Feb 22 (Reuters) - Disappointing results, big stocks
going ex-dividend and concerns over rising bond yields hit
Britain's top share index on Thursday, pulling it to a one-week
Britain's blue chip FTSE 100 index had declined 1
percent to 7,210.67 points by 1001 GMT, while mid caps
fell 0.7 percent.
A number of heavyweight stocks dropped after reporting
results. Shares in British American Tobacco were the
biggest fallers, down 4.5 percent after the cigarette maker
reported weaker-than-expected sales growth for 2017.
Likewise miner Anglo American fell 4 percent
following its full year update. Though the miner reported a 45
percent increase in annual earnings and halved its net debt,
analysts pointed to the fact that Anglo's shares had gained 16
percent in 2018 ahead of the announcement, on top of last year's
33.6 percent rally.
Elsewhere mid cap Moneysupermarket.com plummeted
more than 16 percent after its guidance disappointed investors,
with the firm pointing to costs around a new strategy.
Stocks trading ex-dividend also weighed, with Imperial
Brands, Diageo and GlaxoSmithKline all
More broadly, concerns over rising bond yields and inflation
continued to plague equity markets, after the minutes from the
U.S. Federal Reserve's latest meeting showed more confidence in
the need to keep raising interest rates.
This in turn sent the benchmark 10-year U.S. Treasury yield
to a four-year high and the dollar also gained, which in turn
hit greenback-denominated metals prices.
"Thanks to global growth, the expected impact of the U.S.
tax bill and supportive financials markets, the Fed ... upped
its growth expectations for the U.S.," Fiona Cincotta, senior
market analyst at City Index, said in a note.
"This would mean that a faster pace of rate rises could be
on the cards."
Consumer staples, which are considered by some to be proxies
for bonds given their generous dividend income streams, took the
most points off the FTSE, given that rising bond yields dents
their appeal for some investors.
Materials stocks also dropped, tracking commodities prices
There were some bright spots on the FTSE though among the
dozen or so stocks in positive territory. Banking stock Barclays
jumped more than 5 percent, the biggest gainer, after
reporting its annual results.
Analysts cheered Barclays restoring its full dividend, which
demonstrates that the bank is confident in future earnings.
"Full-year dividend back to 6.5p next year and talk of
buybacks should have investors purring with delight even though
a series of one-off charges meant Barclays slid to a loss in
2017," Neil Wilson, senior market analyst at ETX Capital, said
in a note.
Likewise utility Centrica bounced 4 percent after
its full year results, in which it raised its cost savings and
announced that it would cut 4,000 jobs by 2020.
(Reporting by Kit Rees; Editing by Toby Chopra)
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