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FTSE 250 slips on rising no-deal Brexit fears

FTSE 250 slips on rising no-deal Brexit fears
FILE PHOTO: Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson -
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SIMON DAWSON(Reuters)
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(Reuters) – Britain’s mid-cap index slid for the second straight session on Thursday after Prime Minister Boris Johnson’s plan to suspend parliament raised the prospects of a no-deal Brexit, while the resulting weakness in sterling helped the exporter-heavy FTSE 100 eke out gains.

The main index <.FTSE> added 0.2%, with gains led by more internationally exposed firms such as BAT <BAT.L> and AstraZeneca <AZN.L>. The more domestically-focussed FTSE 250 <.FTMC> slipped 0.3% by 0709 GMT.

The mid-cap index was also pulled lower by a more than 17% slump in Amigo Holdings <AMGO.L> after the consumer credit provider posted lower adjusted pre-tax profit for the first quarter and cut its annual forecast.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Arun Koyyur)

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