By Danilo Masoni
MILAN (Reuters) - Britain's top share index was steady on Monday as a deadlock in Brexit talks depressed domestic stocks but helped internationally focussed companies as it weakened the pound.
The FTSE 100 <.FTSE> was down 0.1 percent by 0813 GMT, while the domestically focussed midcap index <.FTMC> fell 0.7 percent, further hit by warnings from ConvaTec and Superdry.
The FTSE outperformed the pan-European STOXX 600 index <.STOXX>, which declined 0.4 percent.
"Thanks to the situation with sterling, the FTSE ended up being one of the better performers," said Connor Campbell, analyst at Spreadex.com.
The stubborn problem of Britain's land border with Ireland thwarted a drive to clinch a Brexit deal before a European Union summit this week, as negotiators admitted defeat after marathon talks and pressed pause for the coming days.
"Any delay or disagreement only heightens the chances of a no-deal Brexit, hence the pound’s red headache," added Campbell.
Shares in big international firms such as British American Tobacco
Shares in precious metal miners Randgold Resources
Among companies with bigger exposure to the domestic economy, banks Lloyds
Analysts expect a no-deal scenario to lead to a significant downward revision to Britain's economic growth, with sterling likely to fall further under such a scenario.
Among mid-caps, ConvaTec
Fashion group Superdry
(Reporting by Danilo Masoni; Editing by Susan Fenton)