Investing.com - Financial Markets Worldwide
👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

UK shares dented by worries over hard Brexit; Unilever drops

Published 12/17/2019, 04:25 PM
Updated 12/17/2019, 04:32 PM
UK shares dented by worries over hard Brexit; Unilever drops
UK100
-
LLOY
-
FTMC
-
FTNMX402020
-
ICAG
-
SNR
-

(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%.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.