(Sharecast News) - London's FTSE 100 was down 1.5% at 6,016.29 in afternoon trade on Thursday.
Glencore was the worst performer after it scrapped its deferred $2.6bn dividend to bolster its balance sheet as half-year profits fell on weak commodity prices and the Covid-19 pandemic but oil trading posted record profits.
Rio Tinto and BAE Systems were weaker as their stock went ex-dividend.
Bucking the trend, education publisher Pearson was the top performer on the index.
Insurer Aviva was trading higher after it reinstated its dividend but said it would review its payout policy as half-year profit fell on coronavirus-related and weather claims.
ITV was on the front foot even after the broadcaster said first-half profit was almost wiped out as the Covid-19 crisis caused revenue to plunge and exceptional costs to increase.
Paper and packaging group Mondi rallied as it restarted paying dividends and reported a 26% decline in first-half profit after the Covid-19 crisis reduced demand for its products.
FTSE 100 - Risers
Pearson (PSON) 594.00p 5.88%
Aviva (AV.) 296.40p 4.26%
ITV (ITV) 62.80p 3.12%
Mondi (MNDI) 1,464.50p 2.77%
Hikma Pharmaceuticals (HIK) 2,202.00p 1.29%
Legal & General Group (LGEN) 225.30p 1.03%
Phoenix Group Holdings (PHNX) 694.80p 0.64%
Rightmove (RMV) 576.60p 0.35%
Halma (HLMA) 2,209.00p 0.32%
Intertek Group (ITRK) 5,620.00p 0.11%
FTSE 100 - Fallers
Glencore (GLEN) 183.66p -6.39%
Land Securities Group (LAND) 579.60p -4.98%
International Consolidated Airlines Group SA (CDI) (IAG) 184.25p -4.93%
Rio Tinto (RIO) 4,718.00p -4.84%
BAE Systems (BA.) 502.20p -4.31%
Taylor Wimpey (TW.) 118.75p -4.00%
BP (BP.) 296.05p -3.46%
British Land Company (BLND) 367.60p -3.31%
HSBC Holdings (HSBA) 322.70p -3.22%
Standard Chartered (STAN) 391.30p -3.00%
(Sharecast News) - Wall Street stocks closed weaker on Tuesday, even after some solid earnings from big-box retailers including Walmart, Home Depot and Macy's.