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UK's FTSE 100 closes lower as Middle East uncertainty persists; inflation rises
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UK's FTSE 100 closes lower as Middle East uncertainty persists; inflation rises
Apr 22, 2026 9:25 AM

April 22 (Reuters) - London's FTSE 100 closed slightly

lower on Wednesday, with industrials and heavyweight financials

weighing, while investors monitored the fragile Middle East

truce and assesseddomestic inflation data.

The blue-chip FTSE 100 index ended the session 0.2%

lower, while the midcap FTSE 250 was flat.

Iran tightened its grip over the Strait of Hormuz after U.S.

President Donald Trump extended the ceasefire with Iran but

uncertainty persisted over whether the deal will hold.

* Oil prices moved higher, with Brent crude rising above

$100 a barrel, following reports that at least three container

ships were hit by gunfire in the Strait of Hormuz.

* The rise in crude prices weighed on airline stocks

with British Airways owner IAG down 3.4%, EasyJet ( EJTTF )

dipping 2.8% and Wizz Air ( WZZAF ) losing 1.6%,

respectively.

* Oil majors BP and Shell rose 1.6% and

0.7%, respectively.

* Miners Fresnillo, Rio Tinto, Glencore ( GLCNF )

and Anglo American gained between 2% and 3%, tracking a

rise in prices of precious and base metals.

* Official data showed British consumer price inflation rose

to 3.3% in March from 3% in February, underscoring the Iran

war's impact on price levels.

* "The CPI figures confirm that the supply chain and energy

pressures are beginning to bite, and the Bank of England's room

for manoeuvre is narrowing fast," said Nick Saunders, CEO of

Webull UK, in a note.

* Reckitt, which makes Dettol soap and Durex

condoms, missed quarterly like-for-like revenue estimates,

pushing shares down 4.6%.

* Business supplies distributor Bunzl ( BZLFF ) gained

2.1% after posting a rise in first-quarter revenue. JD Sports

lost about 4% after chairman Andrew Higginson planned an

exit.

* Quilter rose 5.1% after the money manager

reported record first-quarter inflows of 3.1 billion pounds

($4.2 billion).

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