FTSE 100 Live: London drops 100 points as ex-div stocks and US inflation take their toll

London’s FTSE 100 slid more than 100 points to 10,772.98 on Thursday, with the move partly mechanical: Glencore, LondonMetric Property and Croda International traded without entitlement to their latest dividends and each fell about 2%. Ex-dividend adjustments automatically subtract from the index and accounted for a meaningful part of the drop. The remainder reflected corporate updates and broader unease over interest rates after U.S. inflation data. July personal consumption expenditures rose 3.7% year-on-year versus 3.6% forecast, renewing fears that American rates may stay higher for longer—pressuring rate-sensitive property and consumer names. U.S. markets were less worried early, with the S&P 500 up around 0.4% and Nasdaq up about 1%, while Nvidia gained 6% on $96.2 billion Q2 revenue and guidance to $108 billion for the quarter. Traders now look to the Fed’s Jackson Hole symposium, with Kevin Warsh speaking Friday.