FTSE drops as Travis Perkins warns on 'considerable uncertainty'

Brexit impact yet to feed through

The FTSE 100 has fallen in morning trading, as builders' merchant Travis Perkins warned Brexit had created "considerable uncertainty" in the housing market, driving its share price down 3%.

UK blue chips dropped 0.5% by 11am to trade around 6,657 points, with banks Lloyds and RBS also among the top five losers. In its results this morning, Travis Perkins said it saw weaker demand in the run-up to and period following June's vote, but a stronger July. However, the company said it is too soon to predict the full Brexit impact citing "considerable uncertainty". Shares were down 3% to £14.97. Lloyds was down 2.4% while RBS dropped 2.7% this morning on the back of slides in banking shares in Europe as investors digest stress tests and Italian bank Monte dei Paschi's rescue...