FTSE drops for fifth straight day after slew of profit alerts

FILE PHOTO: Traders look at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson - Copyright SIMON DAWSON(Reuters)

By Reuters

Published on 26/09/2019 - 10:04•Updated 25/04/2024 - 14:56

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(Reuters) - London's FTSE 100 fell for the fifth straight session on Thursday as profit warnings from tobacco firm Imperial Brands, British Airways owner IAG and education company Pearson weighed down the blue-chip index.

The FTSE 100 <.FTSE> gave up 0.2%, as Imperial <IMB.L> and BAT <BATS.L> shed 9% and 3% respectively, after the blu e-cigarette maker cut annual sales and profit view.

Pearson <PSON.L> slid over 13% after saying full-year profit would be at the bottom of its guided range, while IAG <ICAG.L> also dipped 2% after blaming pilot strikes for an expected 215 million euros shortfall in annual profit.

The mid-cap FTSE 250 <.FTMC> was roughly flat by 0713 GMT.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Toby Chopra)

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