British mid-caps trip as Brexit mood sours, Grafton slumps
(For a live blog on European stocks, type LIVE/ in an Eikon news window)
* FTSE 100 up 0.1%, FTSE 250 down 0.5%
* N. Ireland's DUP says cannot back current Brexit deal
* Grafton tumbles after profit alert, drags peers lower
Oct 17 (Reuters) - Britain's FTSE 250 slid on Thursday after Northern Ireland's Democratic Unionist Party (DUP) cast fresh doubts over the prospects of a Brexit deal, while shares of Grafton and rival building materials distributors were hammered after a profit warning.
The FTSE 250 .FTMC , up more than 3% since last week amid a flurry of contrasting Brexit headlines, shed 0.5% after the DUP, which supports Boris Johnson's minority government, said it could not back the Brexit deal as it currently stands.
Shares of Grafton GFTU_u.L slid 10% after it warned on its annual profit, while peers Travis Perkins TPK.L , Howden Joinery HWDN.L and SIG SHI.L gave up between 2.3% and 6%. FTSE 100 .FTSE edged 0.1% higher by 0714 GMT, helped by gains in Unilever ULVR.L after its quarterly update and as other exporter firms rose due to a weaker pound.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or