Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  FTSE 100 Index    F100   GB0001383545

FTSE 100 INDEX

(F100)
SummaryChartsNewsHeatmapComponents 
News SummaryAll newsNews of the components ofMarketScreener Strategies

Britain's mid-cap shares fall on political uncertainty

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/25/2019 | 12:46pm EST
People walk through the lobby of the London Stock Exchange in London

(Reuters) - Britain's mid-cap share index fell by its most in six weeks on Wednesday, weighed down by uncertainty over Brexit as parliament reconvened after a court ruling against the prime minister.

The FTSE 250 <.FTMC>, made up of firms that tend to be more reliant on the UK market than the exporter-heavy FTSE 100, shed 0.7%, its biggest one-day drop since Aug. 14.

The FTSE 100, meanwhile, closed flat after recovering from an initial slide with the help of a steep drop in sterling.

Worries over how, when or if the UK will leave the European Union have dragged down sterling for most of the year, helping the FTSE 100 climb month on month June and July.

Lawmakers met after the Supreme Court ruled on Tuesday that Prime Minister Boris Johnson had acted illegally in suspending parliament, ahead of the Oct. 31 deadline for Britain to leave the European Union, unless London requests an extension.

"It is not immediately clear what (parliament) will be able to achieve. It is more likely that this time will be wasted with political chicanery instead of striving to break the impasse (over Brexit)," CMC Markets analyst Michael Hewson said.

Among the blue-chip climbers, tobacco firms British American Tobacco and Imperial Brands rose 3.3% and 2.3%, respectively, after their U.S. rival Philip Morris ended merger talks with Altria.

Sainsbury's added 2% after the supermarket chain laid out a new plan to cut costs, speed up debt reduction and overhaul its store estate and financial services division as it reported better trading in the recent quarter.

Elsewhere, internet-based fashion retailer Boohoo managed a modest gain after its shares fell as much as 4% as result of profit taking.

Babcock climbed 6.8% to a near one-year high after the midcap-listed engineering services group said first-half trading was in line with expectations and stuck to its annual targets.

Aston Martin fell 4.2% after a bond issue that will see the firm's borrowing costs jump.

(Reporting by Shashwat Awasthi, Indranil Sarkar and Muvija M in Bengaluru; Editing by Bernard Orr and Edmund Blair)

By Muvija M and Indranil Sarkar

Stocks mentioned in the article
ChangeLast1st jan.
ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC -1.70% 421.8 Delayed Quote.-18.85%
BABCOCK INTERNATIONAL GROUP 1.54% 620 Delayed Quote.-1.49%
BOOHOO GROUP PLC 1.03% 314.2 Delayed Quote.5.47%
BRITISH AMERICAN TOBACCO PLC 0.52% 3412.5 Delayed Quote.5.60%
FTSE 100 INDEX 0.28% 7234.11 End-of-day quote.0.00%
IMPERIAL BRANDS PLC 1.24% 1959 Delayed Quote.4.82%
J SAINSBURY PLC 1.40% 209.7 Delayed Quote.-8.79%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FTSE 100 INDEX
01/24WALL STREET STOCK EXCHANGE : Stocks Close Lower on Worries About Virus Outbreak
DJ
01/24WALL STREET STOCK EXCHANGE : Stocks Close Lower on Worries About Virus Outbreak
DJ
01/24WALL STREET STOCK EXCHANGE : Stocks Drop on Worries About Virus Outbreak
DJ
01/24WALL STREET STOCK EXCHANGE : Stocks Drop on Worries About Virus Outbreak
DJ
01/24WALL STREET STOCK EXCHANGE : Stocks Turn Lower on Worries About Virus Outbreak
DJ
01/24LONDON STOCK EXCHANGE : FTSE 100 powers through as WHO tempers China virus fears
RE
01/24WALL STREET STOCK EXCHANGE : Stocks Turn Lower on Worries About Virus Outbreak
DJ
01/24WALL STREET STOCK EXCHANGE : Stocks Climb on Optimism About Global Economy
DJ
01/24WALL STREET STOCK EXCHANGE : Stocks Climb on Optimism About Global Economy
DJ
01/24WALL STREET STOCK EXCHANGE : Stocks Open Higher on Optimism About Economy
DJ
More news
News of the components of FTSE 100 INDEX
01/24EXCLUSIVE : Argentine soy crusher Vicentin in takeover talks with firms includin..
RE
01/24PEARSON : Holdings in Company
PU
01/24ASHTEAD GROUP PLC : - Transaction in Own Shares
PR
01/24JOHNSON MATTHEY : JM joins Global Battery Alliance
PU
01/24Royal Dutch Shell on Track for Record Losing Streak -- Data Talk
DJ
01/24LLOYDS BANKING : Visa tackles growing UK cash access crisis with retail expansio..
AQ
01/24Takeaway.com says Just Eat takeover timetable delayed due to UK probe
RE
More news
Chart FTSE 100 INDEX
Duration : Period :
FTSE 100 Index Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FTSE 100 INDEX
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Top / Flop FTSE 100 INDEX
AUTO TRADER GROUP PLC 595.6 Delayed Quote.3.44%
HARGREAVES LANSDOWN PLC 1837 Delayed Quote.3.41%
RENTOKIL INITIAL 481.4 Delayed Quote.2.95%
WM MORRISON SUPERMARKETS PLC 187.35 Delayed Quote.2.83%
HALMA PLC 2162 Delayed Quote.2.76%
ITV PLC 141 Delayed Quote.-0.81%
WHITBREAD PLC 4302 Delayed Quote.-1.22%
MARKS & SPENCER GROUP PLC 184.55 Delayed Quote.-1.44%
JUST EAT PLC 865.6 Delayed Quote.-1.70%
NMC HEALTH PLC 1347.5 Delayed Quote.-4.06%
Heatmap :