FTSE 100 movers: British American Tobacco fizzles, metals miners strong

London stocks dipped on Tuesday afternoon, as investors kept a close eye on developments in Greece and tobacco, property and utility stocks dragged.

As of 15:00 BST, the FTSE 100 was trading 0.33% lower at 6,930.47

British American Tobacco topped the fallers after a class-action lawsuit in Canadafound that the company and two other cigarette makers should pay a combined C$15.6bn (£8.2bn) to smokers in "moral and punitive damages", the largest legal award in Canadian history. Sector-peer Imperial Tobacco Group also fizzled lower on the news.

British Land was another in the red as it unveiled plans to launch a £350m senior, unsecured convertible bonds offering by 2020. The company plans to use the net proceeds to fund the £210m acquisition of One Sheldon Square, Paddington Central in April 2015, the £135m acquisition of Surrey Quays Leisure Park, Canada Water in March 2015 and to fund committed development spending.

Tesco dipped after seeing its share of the grocery market decline to 28.6% over the 12 weeks to 24 May, according to new grocery market data from Kantar Worldpanel. Sainsbury was also lower, as sales fell 0.3% over the monitoring period, while Morrison gained on a sales increase of 0.1%.

Wolseley surged after registering a sharp rise in quarterly profits, thanks favourable tailwinds form the currency market. The heating and plumbing products distributor, which has a large exposure to the US market, reported a 16.6% increase in revenues for the third quarter of its fiscal year to reach £3,301m.

Royal Bank of Scotland was among the risers following Monday's reports that Chancellor George Osborne would outline privatisation plans in next week's Mansion House speech.

Miners Rio Tinto, Anglo American and Antofagasta were among the risers despite uncertainty driven by weak Chinese manufacturing data.

Risers
Anglo American (AAL) 1,035.50p +3.24%
Wolseley (WOS) 4,096.00p +1.92%
Morrison (Wm) Supermarkets (MRW) 172.40p +1.77%
Antofagasta (ANTO) 752.00p +1.21%
Rio Tinto (RIO) 2,868.50p +1.20%
TUI AG Reg Shs (DI) (TUI) 1,170.00p +1.12%
Intertek Group (ITRK) 2,550.00p +1.03%
Smiths Group (SMIN) 1,202.00p +1.01%
Glencore (GLEN) 284.05p +0.82%
Royal Bank of Scotland Group (RBS) 344.00p +0.76%

Fallers
British American Tobacco (BATS) 3,517.00p -2.10%
Diageo (DGE) 1,785.00p -1.82%
British Land Company (BLND) 857.00p -1.72%
Associated British Foods (ABF) 2,950.00p -1.70%
Land Securities Group (LAND) 1,301.00p -1.66%
Intu Properties (INTU) 328.60p -1.59%
Reckitt Benckiser Group (RB.) 5,790.00p -1.51%
Severn Trent (SVT) 2,176.00p -1.49%
Hammerson (HMSO) 663.00p -1.49%
Imperial Tobacco Group (IMT) 3,258.00p -1.45%