BREAKING NEWS

FTSE 100 eases after four sessions of gains

FTSE 100 eases after four sessions of gains
Traders are seen at work at Northern Trust offices in London, Britain August 1, 2019. REUTERS/Toby Melville/Files -
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TOBY MELVILLE(Reuters)
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(Reuters) – UK blue-chips eased from a near one-month high on Friday, but was still headed for its best weekly performance in nine months as a tug of war between the parliament and its leader over Brexit knocked the pound and boosted exporter stocks.

The FTSE 100 <.FTSE> was a tad bit lower by 0708 GMT, while an index of midcaps <.FTMC> dipped 0.1%, with losses led by a 14% plunge in Synthomer shares after the polymer maker issued a profit warning.

Blue-chips received support from WPP <WPP.L>, the world’s biggest ad firm, and Barclays <BARC.L> that added 5% and 2%, respectively, after they updated the markets on their third-quarter performances.

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

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