Morning Markets: Barclays drops 3% in flat FTSE opening

Barclays shares are 3% lower in early trading despite posting profits of almost £4bn in the first half.

Stronger results from Aviva and RSA has helped the FTSE trade broadly flat this morning, down just 0.03% at 5,384.28 points. Aviva opened 2.8% higher at 378.1p after announcing it will boost its dividend by 6% on first half profit growth of 21%. Its sales of life and pension products helped produce an operating profit of £1.27bn, exceeding the £1.17bn analysts expected. RSA Insurance also rose, by 4.1% to 133.8p, after chief executive Andy Haste announced an increase in the interim dividend. Schroders also rose, by 2.4% to £13.70, after reporting first half pre-tax profit of £188.2...