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FTSE 100 muted as Reckitt slips to over 1-1/2 year low

Published 22/10/2019, 08:24
© Reuters.  FTSE 100 muted as Reckitt slips to over 1-1/2 year low
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* FTSE 100, FTSE 250 about flat

* Reckitt slides after 2nd forecast cut this year

Oct 22 (Reuters) - London's FTSE 100 was little changed on

Tuesday as a forecast cut spurred a more than 5% drop in Durex

condom maker Reckitt Benckiser , offsetting gains made by oil

majors and miners.

Reckitt RB.L fell to its lowest in more than

one-and-a-half years after the company cut its sales view for

the second time this year, leaving the blue-chip index nearly

flat by 0707 GMT. The FTSE 250 .FTMC was also largely unchanged in early

trade, as investors looked to Westminster with reserved optimism

for further clarity on the Brexit process.

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