June 9 (Reuters) - Britain's blue-chip FTSE 100 hit its
lowest since mid-May on Tuesday, bogged down by losses in
heavyweight lenders HSBC ( HSBC ) and Standard Chartered ( SCBFF ), while energy
giants also lost ground amid declining oil prices as investors
monitored the Middle East conflict.
The blue-chip FTSE 100 index closed 1.4% lower at
10,227.33 points, its weakest close since May 15. The midcap
FTSE 250 also shed 0.8%.
* Heavyweight energy stocks dropped 2.2% as
crude oil prices slipped more than 3%. On Monday, Israel and
Iran halted direct attacks on each other after an appeal by U.S.
President Donald Trump.
* Energy giant BP said company veteran Gordon Birrell
will lead its upstream unit and Richard Harding will serve as
interim head of downstream. Its shares closed 3% lower, tracking
the drop in oil prices.
* Asia-exposed lenders Standard Chartered ( SCBFF ) and HSBC ( HSBC )
slipped 6.3% and 4.4%, among the biggest drags on the
blue-chip index.
* JPMorgan analysts said in a note that the impact of
China's new Outbound Direct Investment regulation would be more
negative for UK, Asian and Swiss banks than previously expected.
* Drugmaker GSK lost 0.5% after agreeing to buy
U.S.-listed cancer drug developer Nuvalent ( NUVL ) for $10.6
billion.
* Venture capital firm Molten Ventures ( GRWXF ) gained 16.1%
after announcing annual results. Fever-Tree Drinks
gained 5.1% after the carbonated mixer supplier said it is
confident of meeting full-year market expectations for revenue
and core profit and announced an increase in share buybacks.
* Inflation concerns, stemming from higher energy costs due
to the Iran conflict, have had investors pricing in the
likelihood of a 25 basis point interest rate hike by the Bank of
England in September, according to LSEG-compiled data.
(Reporting by Johann M Cherian and Shashwat Chauhan in
Bengaluru)