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European shares fall on Unilever sales warning, hard Brexit concerns

Published 17/12/2019, 09:38
© Reuters.  European shares fall on Unilever sales warning, hard Brexit concerns
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LONDON, Dec 17 (Reuters) - European shares paused after a

record run on Tuesday as a sales warning from Unilever and

concerns that Britain's Prime Minister Boris Johnson could take

a hard stance on the transition period for Brexit dented UK

stocks.

The FTSE 100 .FTSE slipped 0.2% by 0817 GMT, handing back

gains after its strongest rally in nearly a year on Monday after

reports that Johnson will use his control of parliament to

outlaw any extension of the Brexit transition period beyond

2020. The UK's domestically-focused mid-cap index

.FTMC was down 1.1%.

The broader European equities index .STOXX , down 0.5%,

came off record highs. Consumer goods giant Unilever ULVR.L

slid 5.9% after it warned that 2019 sales would grow slightly

below its expectations, citing tough trading conditions in West

Africa and a slowdown in south Asia. Europe's personal & household goods sector .SXQP fell

1.9%.

Airbus AIR.PA rose 0.5% after rival Boeing BA.N said it

would suspend production of its best-selling 737 MAX jetliner in

January, although shares in aero parts makers Safran SAF.PA

and Melrose MRON.L fell 2.3% and 0.6%, respectively.

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