The FTSE 100 index finished 0.8% down on Wednesday as shares in wealth manager St. James's Place and consumer goods company Reckitt Benckiser plunged 19% and 13%, respectively. ---Reckitt Benckiser Sales Miss Expectations, Profit DropsReckitt Benckiser profit fell on one-off impairments as sales missed market expectations, but the company raised its dividend payout. ---St. James's Place Slashes Dividend Ahead of Charging Structure ChangesSt. James's Place cut its dividend ahead of expected slower profit growth due to upcoming changes to its charging structure. (anthony.orunagoriainoff@dowjones.com)---FTSE 100 Falls Sharply as Reckitt Benckiser, St. James's Place Dive1236 GMT - The FTSE 100 drops 0.8% to a 12-day low of 7620.37, significantly underperforming European peers due to a sharp slide for consumer-goods company Reckitt Benckiser and wealth-management firm St. James's Place as earnings spark concern. (michael.susin@wsj.com)---FTSE 100 Falls Sharply as Reckitt Benckiser, St. James's Place Dive1236 GMT - The FTSE 100 drops 0.8% to a 12-day low of 7620.37, significantly underperforming European peers due to a sharp slide for consumer-goods company Reckitt Benckiser and wealth-management firm St. James's Place as earnings spark concern.

Source: Wall Street Journal February 28, 2024 17:04 UTC