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FTSE drops for 5th straight day after slew of profit alerts

Published 09/26/2019, 03:22 PM
Updated 09/26/2019, 03:30 PM
FTSE drops for 5th straight day after slew of profit alerts
UK100
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BATS
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IMB
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PSON
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FTMC
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ICAG
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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 flat
* Pearson tanks after profit warning
* Imperial Brands falls after forecast cut, drags BAT
* IAG down after saying pilot strikes to hit profit

Sept 26 (Reuters) - London's FTSE 100 fell for the fifth
straight session on Thursday as profit warnings from tobacco
firm Imperial Brands, British Airways owner IAG and education
company Pearson weighed down the blue-chip index.
The FTSE 100 .FTSE gave up 0.2%, as Imperial IMB.L and
BAT BATS.L shed 9% and 3% respectively, after the blu
e-cigarette maker cut annual sales and profit view. Pearson PSON.L slid over 13% after saying full-year profit
would be at the bottom of its guided range, while IAG ICAG.L
also dipped 2% after blaming pilot strikes for an expected 215
million euros shortfall in annual profit. The mid-cap FTSE 250 .FTMC was roughly flat by 0713 GMT.

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