Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

FTSE drops for fifth straight day after slew of profit alerts

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 -
Euronews logo
Text size Aa Aa

(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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.