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Ailing Haleon drags FTSE 100 lower as traders cheer cooling US inflation

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City AM

By Jack Barnett An ongoing slide in GSK’s consumer pharmaceutical spin out firm Haleon dragged London’s FTSE 100 lower today. The capital’s premier index edged 0.16 per cent lower to 7,495.42 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.09 per cent to 20,279.13 points. Aquafresh maker Haleon has been on a downward trajectory since it started trading on the FTSE 100 last month, indicating investors have not taken kindly to pharma giant GSK’s decision to break out its arm which makes mostly household hygiene prod…

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