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March 25 (Reuters) - The UK's FTSE 100 extended its
rebound on Wednesday as investors took comfort from reports
about U.S. efforts to bring the Iran war to a close, while also
assessing Britain's latest inflation data.
Washington sent Iran a 15-point plan to end the war in the
Middle East, the New York Times reported on Tuesday.
The U.S. was seeking a month-long ceasefire to discuss the
15-point plan, Israel's Channel 12 reported, quoting three
sources.
These developments helped the blue-chip FTSE 100 index
rise 1.1% at 1028 GMT and the midcap FTSE 250
rise 1.3%.
* British consumer price inflation held at 3.0% in February,
unchanged from January's rate, official figures showed on
Wednesday, ahead of a likely upward lurch as war in the Middle
East pushes up prices.
* Markets have priced in two or three quarter-point hikes
this year, with the Bank of England sharply increasing its
inflation forecast, predicting it would rise towards 3.5% by the
middle of the year.
* The energy sub-index fell 0.2% after oil
prices fell on prospects of a ceasefire in the Middle East war.
Oil major Shell fell 0.6%.
* Miners rose 3.4% as gold prices gained
after a drop in oil prices eased inflation and rate concerns,
while banks climbed 2.1%, with both sectors
delivering the biggest boost on the day.
* EnQuest ( ENQUF ) fell 6.4% after the North Sea-focussed oil
producer maintained its 2026 production outlook, banking on
investments in Britain and Southeast Asia, after Britain's
windfall levies hit last year's post-tax profit.
* ASOS rose 15% after the online retailer reported
a 50% jump in first-half profit, helped by cost cuts, app
improvements and a sharper fashion offering.