September 26, 2019 / 7:25 AM / 9 months ago

FTSE drops for 5th straight day after slew of profit alerts

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* FTSE 100 down 0.2%, FTSE 250 flat

* Pearson tanks after profit warning

* Imperial Brands falls after forecast cut, drags BAT

* IAG down after saying pilot strikes to hit profit

Sept 26 (Reuters) - London’s FTSE 100 fell for the fifth straight session on Thursday as profit warnings from tobacco firm Imperial Brands, British Airways owner IAG and education company Pearson weighed down the blue-chip index.

The FTSE 100 gave up 0.2%, as Imperial and BAT shed 9% and 3% respectively, after the blu e-cigarette maker cut annual sales and profit view.

Pearson slid over 13% after saying full-year profit would be at the bottom of its guided range, while IAG also dipped 2% after blaming pilot strikes for an expected 215 million euros shortfall in annual profit.

The mid-cap FTSE 250 was roughly flat by 0713 GMT. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Toby Chopra)

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