FTSE 100 lower as Travis Perkins hit by profit warning

FTSE 100 lower as Travis Perkins hit by profit warning
 

The FTSE 100 slipped back in early trade, with shares in Travis Perkins the biggest faller after the builders merchant issued a profit warning.
Travis Perkins shares dropped 5% after it said it was closing 30 branches, putting 600 jobs at risk, due to an "uncertain UK outlook" next year.
It also said core earnings for this year would be "slightly below" expectations of about £415m.
The FTSE 100 index was down 8.49 points at 6,991.57.
Reckitt Benckiser was another faller in the index, down 3.3% after its sales growth slowed by more than expected in the third quarter of... read more

 
19 October 2016 in Business, Views: 35
Source: BBC
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