March 27 (Reuters) - The UK's FTSE 100 edged lower on
Friday as uncertainty around de-escalation of the Middle East
conflict persisted, though the index clung to slim weekly gains.
U.S. President Donald Trump extended his deadline to 8 p.m.
ET on April 6 (0000 GMT on April 7) for Iran to reopen the
Strait of Hormuz or face the destruction of its energy
facilities, after Tehran rejected Washington's 15-point proposal
to end the war.
The blue-chip FTSE 100 index closed 0.05% down,
while the midcap FTSE 250 fell 1.5% and logged a weekly
loss of over 1.7%. However, both indexes were on track for steep
monthly losses.
* Most sub-sectors traded in the red, except healthcare
that rose 2%. Positive late-stage trial results
for AstraZeneca's ( AZN ) experimental respiratory treatment
sent the drugmaker's shares up 3.4%.
* Precious metal miners also boosted the
benchmark index as gold jumped over 3% on dip-buying after a
pullback earlier this week.
* Britain's government and the Bank of England say it is too
soon to judge the economic hit from the Iran war, but the first
strains are appearing and are likely to ring alarm bells for
policymakers whose response options are more limited than in
past crises.
* Official data showed retail sales fell in February after
logging the strongest growth in a year and a half in January.
* British consumer sentiment fell to its lowest level in
nearly a year in March, a closely watched monthly survey showed,
as concerns over the economic fallout from the Iran war and the
prospect of sharp price rises kept households on edge.
* Lloyds Banking Group ( LYG ) fell 2% after Britain's
Treasury Committee said an IT glitch earlier this month exposed
personal data of nearly half a million bank customers.
* Metlen fell 8.6% to the bottom of the benchmark
index after the Greek energy group delayed its FY25 results.