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UK midcaps drop amid growing chances of Brexit delay

Published 21/10/2019, 08:29
© Reuters.  UK midcaps drop amid growing chances of Brexit delay
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 up 0.2%, FTSE 250 down 0.3%

* PM Johnson requests EU for another extension

* Smith+Nephew down after CEO transition plans

Oct 21 (Reuters) - UK-listed companies with greater domestic

exposure slid on Monday as Brexit uncertainties deepened after

lawmakers forced Prime Minister Boris Johnson to seek another

extension from the European Union, while blue-chips received

some support from a weaker sterling.

An index of midcap companies .FTMC was down by 0.3% as of

0709 GMT, pointing to mounting fears at home over the plight of

Brexit. The exporter-heavy FTSE 100 .FTSE added 0.2%.

With a 4% drop, Smith+Nephew SN.L was the second biggest

loser on the main board after the medical device maker said

Chief Executive Officer Namal Nawana would step down after just

17 months in the role.

Capital & Counties Properties CAPCC.L outshined the midcap

bourse with a 6% leap after luxury property developer Nicholas

Candy's investment arm said it was in early talks for a possible

cash offer for the property manager.

UK indexes: Of Brexit referendum & extensions https://tmsnrt.rs/2pEEvv0

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