UK shares dented by worries over hard Brexit; Unilever drops [Reuters (UK)]
Unilever PLC (UL)
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Source: Reuters
UK shares dented by worries over hard Brexit; Unilever drops - Reuters 2 Min Read (Reuters) - UK firms more exposed to the domestic economy took a hit on Tuesday after reports that Prime Minister Boris Johnson will pass a law that could re-ignite fears of a hard Brexit, while Unilever slipped 5% after cutting its 2019 sales growth view. Johnson is likely to block the extension of a Brexit transition deal with the European Union beyond 2020. That pushed the FTSE 100 .FTSE 0.2% lower, with banks such as Lloyds ( LLOY.L ) and housebuilders .FTNMX3720 dragging the most. The midcap FTSE 250 .FTMC , whose components generate most of their earnings at home, fared worse and gave up 0.8%. The index had hit successive all-time highs in the last two sessions after Johnson's election victory seemingly cleared a path for Brexit. Shares of Boeing ( BA.N ) suppliers as well as those of airlines skidded after the U.S. company suspended production of its 737 MAX jetliner. Senior Plc ( SNR.L ) fe
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