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British mid-caps trip as Brexit mood sours, Grafton slumps

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.

Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

  • 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

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, 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 slid 10% after it warned on its annual profit, while peers Travis Perkins, Howden Joinery and SIG gave up between 2.3% and 6%.

The FTSE 100 edged 0.1% higher by 0714 GMT, helped by gains in Unilever after its quarterly update and as other exporter firms rose due to a weaker pound.

Reporting by Shashwat Awasthi in Bengaluru; Editing by Shounak Dasgupta. Copyright (2019) Thomson Reuters. This article was from Reuters and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.

Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

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