By Shristi Achar A, Pranav Kashyap and Sruthi Shankar
(Reuters) -A 13% slide in Reckitt Benckiser shares dragged the UK’s blue-chip index lower on Friday, after one of its units was fined in a lawsuit related to its baby formula.
Reckitt’s stock recorded its biggest percentage drop in more than two decades after an Illinois jury ordered its unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed Enfamil.
The FTSE 100 index of top British firms dipped 0.2%, in an otherwise uneventful session.
“It’s not simply the size of this payout which has caused nervousness, but the fact a long line of other lawsuits are pending, which could mount up to be huge sum for the company,” said Susannah Streeter, head of money and markets,…
