December 17, 2019 / 8:38 AM / 7 months ago

European shares fall on Unilever sales warning, hard Brexit concerns

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

LONDON, Dec 17 (Reuters) - European shares paused after a record run on Tuesday as a sales warning from Unilever and concerns that Britain's Prime Minister Boris Johnson could take a hard stance on the transition period for Brexit dented UK stocks.

The FTSE 100 slipped 0.2% by 0817 GMT, handing back gains after its strongest rally in nearly a year on Monday after reports that Johnson will use his control of parliament to outlaw any extension of the Brexit transition period beyond 2020. The UK's domestically-focused mid-cap index was down 1.1%.

The broader European equities index, down 0.5%, came off record highs. Consumer goods giant Unilever slid 5.9% after it warned that 2019 sales would grow slightly below its expectations, citing tough trading conditions in West Africa and a slowdown in south Asia.

Europe's personal & household goods sector fell 1.9%.

Airbus rose 0.5% after rival Boeing said it would suspend production of its best-selling 737 MAX jetliner in January, although shares in aero parts makers Safran and Melrose fell 2.3% and 0.6%, respectively. (Reporting by Sruthi Shankar in London Editing by Gareth Jones)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below