⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

British mid-caps trip as Brexit mood sours, Grafton slumps

Published 17/10/2019, 08:26
© Reuters.  British mid-caps trip as Brexit mood sours, Grafton slumps
UK100
-
ULVR
-
SHI
-
TPK
-
FTMC
-
HWDN
-
GFTU_u
-

(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 up 0.1%, FTSE 250 down 0.5%

* N. Ireland's DUP says cannot back current Brexit deal

* Grafton tumbles after profit alert, drags peers lower

Oct 17 (Reuters) - Britain's FTSE 250 slid on Thursday after

Northern Ireland's Democratic Unionist Party (DUP) cast fresh

doubts over the prospects of a Brexit deal, while shares of

Grafton and rival building materials distributors were hammered

after a profit warning.

The FTSE 250 .FTMC , up more than 3% since last week amid a

flurry of contrasting Brexit headlines, shed 0.5% after the DUP,

which supports Boris Johnson's minority government, said it

could not back the Brexit deal as it currently stands.

Shares of Grafton GFTU_u.L slid 10% after it warned on its

annual profit, while peers Travis Perkins TPK.L , Howden

Joinery HWDN.L and SIG SHI.L gave up between 2.3% and 6%.

The FTSE 100 .FTSE edged 0.1% higher by 0714 GMT, helped

by gains in Unilever ULVR.L after its quarterly update and as

other exporter firms rose due to a weaker pound.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.