UPDATE 2-British blue-chips dented by sterling's brief Brexit uplift


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    * FTSE 100 dips 0.2%, FTSE 250 up 0.4%
    * Housebuilders to two-month high
    * Thomas Cook tumbles to record low 
    * Tobacco giants among biggest drags on FTSE 100

 (Adds detail, updates price moves)
    By Muvija M and Yadarisa Shabong
    Sept 20 (Reuters) - Britain's exporter-heavy blue-chip index
lost ground as sterling hit multi-month highs after European
Commission President Jean-Claude Juncker said that a Brexit deal
is still possible. urn:newsml:reuters.com:*:nL5N26A68X urn:newsml:reuters.com:*:nL5N26A68X
    The FTSE 100  .FTSE  dipped by 0.2%, registering its first
weekly loss in three, though sterling's early gains helped the
more domestically focused mid-cap FTSE 250  .FTMC  to firm by
    Housebuilders  .FTNMX3720 , generally sensitive to Brexit
updates, were among those to benefit as the sector index reached
its highest in nearly two months on Juncker's apparent optimism.
    The pound jumped to two-month highs but cooled later in the
session after the Irish Foreign Minister said that Britain and
the European Union were not yet close to agreeing a deal on
Britain's planned departure from the European Union.
    That was too late in the day for the likes of Unilever
 ULVR.L  and Reckitt  RB.L , which closed sharply lower,
ensuring the FTSE lagged global markets that were boosted by
monetary stimulus.  urn:newsml:reuters.com:*:nL5N26B3XX
    "If we do have a Brexit breakthough, the pound will gain but
that will weigh on the FTSE 100. It is like one step forward,
two steps backwards," said CMC Markets analyst David Madden.
    Big tobacco companies BAT  BATS.L  and Imperial Brands
 IMB.L  dropped about 2% each after U.S. health officials said
there were now 530 confirmed and probable cases and seven deaths
from lung-related illnesses tied to vaping.  urn:newsml:reuters.com:*:nL2N26A0ZQ
    Traders said BAT shares were also pressured by a report by
Dutch evening newspaper NRC that the country's tax office was
seeking about 1 billion euros from the company for alleged tax
evasion.  urn:newsml:reuters.com:*:nL3N26B27T
    Rolls-Royce  RR.L  ended 2% down after saying it will take
longer than expected to fix problems with its Trent 1000 engine
but had lost as much as 5% during the session.  urn:newsml:reuters.com:*:nL3N26B1PN
    Mid-cap financial services company Investec  INVP.L  slumped
by more than 8% after warning that first-half profit will be
lower than a year ago because of restructuring costs and as
global trade tensions and Brexit also take their toll.
    Among smaller companies, the world's oldest holiday company
Thomas Cook  TCG.L  tanked 23% to a record low after saying it
needs 200 million pounds to satisfy its lenders, leaving it at
the risk of collapse in the next few days.  urn:newsml:reuters.com:*:nL5N26B0XF

 (Reporting by Muvija M and Yadarisa Shabong in Bengaluru
Editing by David Goodman)
 ((Yadarisa.Shabong@thomsonreuters.com; within UK: +44 020 7542
1810 (extn. 9089); outside UK: +91 80 6749 9089;))
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 UK stock report      .L     
 FTSE index:          0#.FTS6  
 techMARK 100 index:  .FTT1X          FTSE futures:      0#FFI:  
 Gilt futures:        0#FLG:          Smallcap index:     .FTSC  
 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
 Top price gainers:   .NG.L           Top % gainers:      .PG.L  
 Top price losers:    .NL.L           Top % losers:       .PL.L  
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 UK hot stocks:      [HOT and GB]     Wall Street:           .N 
 Gilts report:        GB/             Euro bond report  GVD/EUR 
 Pan European stock report:  .EU 
 Tokyo stocks:        .T              HK stocks:            .HK 
 Sterling report:     GBP/            Dollar report:       USD/ 
 * For company prices, click on - *
 Company directory:   UKEQ           By sector:           FTAX  
 * For pan-European market data, click on - *
 European Equities speed guide................  EUR/EQUITY  
 FTSE Eurotop 300 index...........................  .FTEU3  
 DJ STOXX index...................................  .STOXX  
 Top 10 STOXX sectors........................  .PGL.STOXXS  
 Top 10 EUROSTOXX sectors...................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors..................  .PGL.FTEU3S  
 Top 25 European pct gainers....................  .PG.PEUR  
 Top 25 European pct losers.....................  .PL.PEUR ))

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