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Brexit tussle bogs down UK midcaps

Published 10/23/2019, 03:16 PM
Updated 10/23/2019, 03:24 PM
Brexit tussle bogs down UK midcaps
UK100
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FRES
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 250 down 0.4%, FTSE 100 largely unchanged
* Fresnillo at bottom of main index after weak outlook
* Exporters benefit from weaker pound

Oct 23 (Reuters) - UK-listed shares with greater domestic
exposure slid on Wednesday as lawmakers rejected Prime Minister
Boris Johnson's proposed Brexit timetable, though losses were
contained as fears of a no-deal departure were firmly out of
sight.
The FTSE 250 index of midcap firms .FTMC weakened by 0.4%
as at 0706 GMT, marking its second day in the red, while the
blue-chip bourse .FTSE was roughly flat as its exporter stocks
were supported by a drop in sterling.
Fresnillo FRES.L dropped nearly 4% after the precious
metals miner forecast annual silver and gold production at the
lower end of an already reduced target range, and reported a
fall in quarterly output.

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