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UK midcaps drop amid growing chances of Brexit delay

Published 10/21/2019, 03:29 PM
Updated 10/21/2019, 03:32 PM
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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