London midcaps slump as rising gilt yields weigh; Reckitt rises
London’s midcap index posted its biggest one-day drop since March as Middle East tensions lifted global bond yields on inflation concerns. Reckitt Benckiser gained after a favourable U.S. court ruling.
London's midcap FTSE index on Tuesday logged its biggest one-day drop since March as Middle East tensions pushed up global bond yields on inflation concerns, while Reckitt Benckiser gained after a favourable U.S. court ruling.The export-focused FTSE 100 index CURRENCYCOM:UK100 closed 0.32% lower at…