UPDATE 2-Brexit, May pressures squeeze British stocks [Reuters (UK)]
WM MORRISON UNSP/ADR (MRWSY)
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Source: Reuters
UPDATE 2-Brexit, May pressures squeeze British stocks - Reuters 3 Min Read * FTSE 100 down 1.1%, FTSE 250 down 1.4% * TUI, airlines falls after Barclays ‘staycation’ study * Serco surges after deal to buy U.S. defence supplier (Adds analyst comment, updates share prices) By Shashwat Awasthi and Yadarisa Shabong May 23 (Reuters) - Heightened concerns over the course of Brexit and mounting pressure on Prime Minister Theresa May to step down weighed on Britain’s mid-cap index and domestically-focused blue-chip stocks on Thursday. As the pound fell, the FTSE 250 lost 1.4% to hit its lowest since March 29, when Britain was originally scheduled to leave the European Union. Dublin’s main index, often seen as a barometer of Brexit jitters, was down nearly 2%. Britain-focused banks and industrial stocks on the FTSE 100 drove the main index lower. It was down 1% by 0852 GMT. “For sterling it will depend entirely on what, or rather who, is next (as UK prime minister). In the interim we should ex
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