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UK's FTSE 100 recovers from lows as Israel and Iran halt strikes on each other
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UK's FTSE 100 recovers from lows as Israel and Iran halt strikes on each other
Jun 8, 2026 9:49 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

June 8 (Reuters) - UK's FTSE 100 ended flat on Monday, well

off its session lows as oil prices eased a touch after Iran and

Israel said they would stop attacks on one another following an

appeal from U.S. President Donald Trump.

The blue-chip FTSE 100 index ended nearly flat at

10,373.2 points, after falling as much as 0.5% earlier in the

day. The midcap FTSE 250 slipped 0.2%.

* Iran and Israel said they had halted attacks on each other

after an appeal from Trump that they immediately "stop

'shooting'", though Tehran said it would resume strikes if

Israel continued to hit Hezbollah in Lebanon.

* Crude oil prices were last up over 1%, scaling back from a

5% jump earlier in the day as renewed Israeli strikes on Iran

and attacks on Lebanon had reduced hopes of an imminent end to

the wider war.

* Heavyweight banks climbed 0.4%, as shares

of HSBC ( HSBC ) added around 1%, snapping a three-day losing

streak.

* Life insurers and beverages

led gains among FTSE 350 sectors, climbing around 0.7% each.

* Tate & Lyle ( TATYF ) jumped 14.8% after U.S. firm

Ingredion ( INGR ) struck a deal to buy the food ingredients

maker for £2.7 billion ($3.6 billion) in cash.

* Rate-sensitive homebuilders were the

laggards, falling 2.8%, while utilities - often

traded as a bond proxy - also fell 1%.

* Bank of England policymaker Alan Taylor said interest

rates at their current level were restrictive for the economy

and he did not see the need for an increase to tackle

inflationary pressures that have grown as a result of the Iran

war.

* British government bond yields inched slightly higher,

while the pound was flat against the dollar.

* Mpac Group ( MOLPF ) slumped 20% after the packaging and

automation solution firm said it expected full-year profit to be

substantially below current market expectations.

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