LONDON (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 <.FTSE> 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 <.FTMC> was down 1.1%.
The broader European equities index <.STOXX>, down 0.5%, came off record highs. Consumer goods giant Unilever
Europe’s personal & household goods sector <.SXQP> fell 1.9%.
(Reporting by Sruthi Shankar in London; Editing by Gareth Jones)