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March 27 (Reuters) - The UK's main stock indexes were on
track for a fourth straight week of losses on Friday, as
investors remained on edge due to uncertainty around the Middle
East conflict, and fears of a spike in inflation.
U.S. President Donald Trump announced a new extension of his
deadline 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 fell 0.7% at 1125 GMT,
while the midcap FTSE 250 fell 1.2%. Both indexes were
also headed for steep monthly losses.
* Most sub-sectors traded in the red, except healthcare
, which rose 1.6%, as positive late-stage trial
results for AstraZeneca's ( AZN ) experimental respiratory
treatment sent the drugmaker's shares up 2.9%.
* Lloyds Banking group ( LYG ) fell 1.9% after Britain's
Treasury Committee said an IT glitch earlier this month exposed
personal data of nearly half a million bank customers.
* Metlen fell 6% to the bottom of the benchmark
index after the Greek energy group delayed its FY25 results.
* Official data showed retail sales fell in February after
logging the strongest growth in a year and a half in January,
with Marchlikely to come under pressure as a war-driven surge in
oil prices weighs on households' disposable income.
* Meanwhile, British consumer sentimentfell 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.