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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.