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FTSE 100 loses ground on Imperial Brands' profit warnings

Published 05/02/2020, 09:15
Updated 05/02/2020, 09:19
© Reuters.  FTSE 100 loses ground on Imperial Brands' profit warnings
UK100
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IMB
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 0.3%, FTSE 250 little changed

* Imperial Brands worst FTSE 100 performer

* All but two blue-chip sectors in the red

Feb 5 (Reuters) - UK shares fell on Wednesday after a

previous two-day rally, as tobacco group Imperial Brands slid

after sounding a profit warning alarm and the coronavirus

epidemic kept investors on edge.

The FTSE 100 .FTSE lost 0.3% by 0805 GMT, after gaining

more than 2% over the last two sessions when China announced

stimulus measures, while the midcaps .FTMC were flat.

Imperial Brands IMB.L , the maker of Winston cigarettes,

fell 5.2% and was on course for its worst day in four months,

after it warned on profit for the year because of a U.S.

regulatory ban on some flavours of cartridge-based vapour

devices. Losses were spread across all but two sectors on the FTSE

100 in early trade.

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