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UK stocks ease as Brexit euphoria cools; Sophos soars

Published 14/10/2019, 08:30
© Reuters.  UK stocks ease as Brexit euphoria cools; Sophos soars
UK100
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FTMC
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SOPH
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(For a live blog on European stocks, type LIVE/ in an Eikon

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* FTSE 100 down 0.3%, FTSE 250 down 1.1%

* UK indexes ease after Friday's rally

* Sophos soars on buyout deal

Oct 14 (Reuters) - London-listed companies with exposure to

the domestic economy retreated on Monday after last week's

optimism around Brexit amid signs that more work was needed to

sort out a deal, while cybersecurity firm Sophos soared 38%

after a buyout offer.

The FTSE 100 .FTSE gave up 0.3% by 0710 GMT. The FTSE 250

.FTMC shed 1.2%, handing back part of the more than 4% gain it

had recorded in the previous session, which was its best in more

than nine years.

Britain and the European Union said over the weekend that a

lot more work would be needed to secure a Brexit agreement.

Sophos Group SOPH.L surged to its highest in more than a

year at 586.8 pence, after private equity firm Thoma Bravo said

it would take the company private in a 583 pence per share deal.

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