FTSE edges down, hit by Travis Perkins

FTSE edges down, hit by Travis Perkins
 

Britain's top share index fell on Wednesday, with shares in plumbing and home improvement retailer Travis Perkins rocked by a profit warning.
Shares in Travis Perkins fell 5.4 percent, set for its biggest one-day fall since July, after Britain's biggest supplier of building materials warned on full-year profit, blaming a poor performance in its plumbing and heating division.
The stock is down 27 percent since Britain voted to leave the European Union in June, making it the fourth worst UK blue-chip performer in the four months since the referendum.
Some said Travis Perkins' gloomy financial... read more

 
19 October 2016 in World News, Views: 42
Source: Reuters
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