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UK shares dented by worries over hard Brexit; Unilever drops

Published 17/12/2019, 09:25
© Reuters.  UK shares dented by worries over hard Brexit; Unilever drops
UK100
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LLOY
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FTMC
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FTNMX402020
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ICAG
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SNR
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 0.2%, FTSE 250 down 0.8%

* PM Johnson stokes hard Brexit fears

* Unilever biggest blue-chip decliner

* Boeing suppliers, airlines slip after 737 MAX suspension

Dec 17 (Reuters) - UK firms more exposed to the domestic

economy took a hit on Tuesday after reports that Prime Minister

Boris Johnson will pass a law that could re-ignite fears of a

hard Brexit, while Unilever slipped 5% after cutting its 2019

sales growth view.

Johnson is likely to block the extension of a Brexit

transition deal with the European Union beyond 2020. That pushed

the FTSE 100 .FTSE 0.2% lower, with banks such as Lloyds

LLOY.L and housebuilders .FTNMX3720 dragging the most.

The midcap FTSE 250 .FTMC , whose components generate most

of their earnings at home, fared worse and gave up 0.8%. The

index had hit successive all-time highs in the last two sessions

after Johnson's election victory seemingly cleared a path for

Brexit.

Shares of Boeing BA.N suppliers as well as those of

airlines skidded after the U.S. company suspended production of

its 737 MAX jetliner. Senior Plc SNR.L fell 4%, while British

Airways owner IAG ICAG.L dipped 2.6%.

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